Paymentology Goes Live on the Temenos MarketPlace, Bringing Cloud-Native Payment Processing to Banks Worldwide

Temenos, the banking software company, today announced that Paymentology, the banking digitization, payment and data specialist, is now live on Temenos MarketPlace. The collaboration offers Temenos banking clients a pre-integrated solution to deliver innovative card products with spend controls and enhanced features, backed by highly secure, cloud-native payment processing technology.

Paymentology is a market leader in payments processing, used by many of the most disruptive challenger banks, such as Revolut and Standard Chartered’s Mox Bank, to power their highly customer-centric card programs.

The SaaS solution provided by Paymentology empowers banks to have more control over their cardholders’ spend-cycle, allowing them to create and modify card programs in minutes, not months. It also will enable banks to offer buy-now-pay-later (BNPL) and installment services, as well as insurance, to their cardholders.

The technology provides banks with an enriched real-time data feed with access to over 120 lines of data associated with any given transaction, rather than just the 10-20 lines of data most legacy systems use, which may not even be accessible in real-time.

This capability allows banks to understand their customers’ behavior and requirements better. It also empowers banks to launch more effective card programs based on more granular, calculated, data-driven decisions. Access to enriched customer data combined with Paymentology’s flexibility enables banks to offer new service lines that transcend the traditional bank-customer relationship.

Joining the Temenos MarketPlace will significantly shorten Paymentology integration projects to existing Temenos customers, providing faster speed to market to ultimately enhance the customer experience.