Temenos and ClearBank have joined forces to provide banks with access to UK payment systems and real-time payment services in the cloud, reports Jane Connolly.
By combining Clearbank’s API-based services with the cloud-native, cloud-agnostic payments platform Temenos Payments, the partners aim to offer a full end-to-end service with access to real-time payments services, such as Bacs, CHAPS and Faster Payments.
Read more: Temenos recognised as a leader in the Forrester Wave™ for digital banking engagement platforms
“The payments market is growing at an astronomical pace in response to digital banking adoption and swelling payments volumes,” says Des Noctor, regional director, UK at Temenos. “At this pivotal time, it is vital that banks have a fast and effortless route to market so they can quickly respond to customer appetite for real-time cloud payments.”
He adds: “Together with ClearBank, we will extend this offering to provide the most comprehensive offering for UK banks deploying payments in the cloud.”
The companies say that adopting their technology will also help banks to future-proof their payments capabilities, by making it easier to comply with changing payment regulations and to adapt their services to new local schemes.