Payments service provider Convera has selected Temenos’s Payments Hub in an effort to modernise its payments infrastructure.
As part of the mandate, Temenos’ platform, which runs on Temenos SaaS, will route payments over Convera’s global partner bank network on a single platform. This will lessen Convera’s reliance on legacy systems.
Convera will continue to enhance its STP rates through exception handling. Through the utilisation of Temenos’s platform, Convera aims to double its payments volumes in the next five years.
Patrick Gauthier, CEO of Convera, says: “Temenos payments platform will underpin Convera’s growth strategy as it transforms into a modern, technology-led, global B2B payments organisation, focused on innovation, value and customer service. After assessment, we selected Temenos both for its cloud technology capabilities and the trust in the team and its local operations.”
Philip Barnett, president for the Americas at Temenos, adds: “We see tremendous growth opportunities in the payments space, and we continue to heavily invest in our single code base across core banking and payments making our offering the most compelling in the market. With Temenos Payments Hub running on Temenos SaaS, Convera will have a modern payments platform which can scale massively and propel its expansion plans.”
