Tintra taps Temenos to power new bank for emerging markets
Core banking tech heavyweight Temenos has been tapped by UK fintech Tintra to power its new bank designed to link emerging market clients with global financial opportunities.
Tintra partners with Temenos
The new offering will be powered by Temenos’ core banking platform and will also utilise the vendor’s payments and Financial Crime Mitigation solutions.
Tintra is looking to boost trade and financial inclusion in emerging markets by securing a network of bank licences across four continents.
The firm has developed artificial intelligence-powered technology that supports know your customer (KYC) and anti-money laundering (AML) efforts in order to optimise payment processes and compliance between emerging and developed markets.
Tintra’s AI, machine learning and Web3 technologies will connect via APIs with Temenos’ platform to deliver an end-to-end solution for onboarding, transaction management, monitoring and forex services.
The company has already secured a Fintech Services Licence to operate in the Qatar Financial Centre (QFC) and a Payment Intermediary Service Licence in Mauritius. The firm is also applying for regulatory licenses from the UK, Puerto Rico and Singapore, with a new African option also potentially in the pipeline.
Tintra founder Richard Shearer says building the firm’s “borderless banking infrastructure” on top of Temenos means Tintra can go live faster and provide global regulators assurance “that our core banking services are built for today and the future”.
