Finland’s Aktia selects Temenos for payments services
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Finland’s Aktia selects Temenos for payments services 18 October 2023Finland Reporter: Jenna Lomax
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Finland’s wealth manager bank Aktia has selected Temenos to modernise its domestic and cross-border payments capabilities.
Established in 1991, Aktia already runs on Temenos for core banking and specialises in asset management, banking and life insurance.
As part of the new mandate, Aktia has adopted Temenos Payments Hub to support the introduction of pan-European instant payments and consolidate all payment rail processing onto a single platform.
The Temenos platform allows for faster and lower cost updating and maintenance, while enabling Aktia to deliver high levels of straight-through processing.
Temenos has recently certified for the FedNow programme in the US, and signed a mandate with global payments provider Convera, to modernise its payments infrastructure in the cloud.
Anssi Huhta, executive vice president of banking business and deputy CEO of Aktia, comments: “With Temenos we can deliver the best experience for our customers with faster, more convenient and user-friendly payment options securely and efficiently.”
Jean-Paul Mergeai, president of EMEA and APAC at Temenos, says: “Payments has become a significant point of strategy driven by new networks, new technologies, new business models, and, critically, new customer expectations. We are proud that leading banks around the world like Aktia are choosing the Temenos platform to transform their payments capabilities.”
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