Temenos, a global leader in banking technology, has announced the launch of Temenos Money Movement & Management, a pre-integrated, AI-powered platform designed to transform payments and account services. This unified solution brings together payments, accounts, risk, and treasury functionalities, enabling financial institutions to move money faster, more reliably, and at a lower cost. The solution is designed to support both new market entrants and established financial institutions looking to replace their fragmented, legacy systems.
The platform builds on the success of the Temenos Payments Hub, a leading and functionally rich payment hub used by banks worldwide. The new solution further strengthens Temenos's position as an innovator in the payments space, addressing the increasing complexity, compliance demands, and customer expectations driven by the rapid rise of instant payments. The platform is ISO 20022 and Open Banking ready, and is available globally as SaaS, or for deployment in the cloud, on-premises, or in hybrid environments.
At its core, the platform features smart AI-powered services, such as automated payment repair, fraud detection, and copilot tools, which minimize manual intervention and improve straight-through processing (STP). The platform leverages Temenos's recently launched FCM AI Agent to deliver enhanced real-time screening and significantly reduce false positives. This agentic AI helps simplify complex processes by automating tasks without human intervention, automatically evaluating screening alerts using sophisticated algorithms that mimic human operators. Temenos has invested heavily in developing patented Explainable AI (XAI) solutions, which provide transparency and help businesses explain in plain language to customers and regulators how AI-based decisions are made.
The Money Movement & Management platform is designed for a wide range of financial institutions, including banks, electronic money institutions (EMIs), and other payment service providers (PSPs) involved in cross-border and domestic money movement services. Built-in integration accelerators enable the rapid onboarding and servicing of digital wallets and alternative payment networks, such as Wise, Thunes, Mastercard Move, Visa Direct, and Standard Chartered Scale. An example of the platform's efficiency is FINCI, an EMI regulated by the Bank of Lithuania, which went live on the platform in just four months.
Barb Morgan, Chief Product and Technology Officer at Temenos, commented, “With the rapid rise of instant payments and the growing influence of AI in financial services, institutions are actively seeking solutions that are both unified and intelligent to manage increasing complexity, compliance demands, and customer expectations.” Temenos's strategy also involves developing Generative AI tools, like the Product Manager Copilot, which helps product managers discover untapped customer segments and create tailored products that comply with local regulations.
The launch comes at a time when banks are challenged with modernizing legacy systems to meet the demands of real-time payments and growing transaction volumes. Temenos's unified approach simplifies operations, accelerates innovation, and positions banks to thrive in a customer-first, real-time world. As digital transformation continues, AI's role in banking will expand, and Temenos is committed to working side-by-side with banks to develop practical AI tools that respond quickly to industry needs.