Temenos and ClearBank Form Strategic Relationship to Provide Seamless Payments in the Cloud

Temenos’ universal, cloud-native cloud-agnostic payments platform to offer UK banks a comprehensive, end-to-end service and rapid access to cloud-based payments services

Temenos, the banking software company, and ClearBank, the cloud-based clearing bank, form a strategic relationship to provide banks with access to UK payment systems and a faster route to market for seamless real-time payments services in the cloud.

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The relationship will utilize the capabilities of Temenos Payments, a universal cloud-native, cloud-agnostic payments platform, and lower the barriers to entry to UK payments schemes through ClearBank’s proven clearing connectivity. Temenos and ClearBank’s joint customers will benefit from a comprehensive, end-to-end service and rapid access to real-time payments services, including Bacs Payment Schemes Limited (Bacs), CHAPS and Faster Payments, through ClearBank’s API-based services.

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Temenos and ClearBank’s cloud-native banking technology will deliver tangible business benefits to customers by reducing the time to market, cost and complexity involved in deploying seamless payments services. The synergistic collaboration will also futureproof banks’ payments capabilities, supporting them to easily comply with changing payments regulation and adapt their services to new local schemes.

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