image credit: Adobe Stock

Convera taps Temenos to modernise payments infrastructure

July 13, 2023

The company will deploy Temenos’ Payments Hub solution running in the Temenos Cloud to replace its legacy systems and standardise its international commercial payments on a single platform, which Temenos says will allow for “greater efficiencies and an improved customer service”.

Convera hopes to double its payment volumes in the next five years and expand its payment rails.

With Temenos’ cloud-native platform, Convera will be able to leverage new market initiatives such as instant payments and ISO 20022 while also enhancing its straight-through processing rates. The paytech will also utilise Temenos’ data hub capabilities for real-time data management.

Read More on FinTech Futures