Truevo selects Temenos for FinTech payments line

Malta-based card acquirer and payment solutions provider, Truevo Payments, has announced that it has selected Temenos to launch a payments line to target FinTechs.

Truevo is a licensed financial institution serving the corporate wholesale market. The company selected Temenos Infinity, the digital front office product, and Temenos T24 Transact, the next generation core banking system, as well as Temenos Payments Hub and Financial Crime Mitigation, to benefit from an end-to-end digital platform.

As a payment services provider, Truevo processes payments for businesses from front to back, from enabling payment transactions and managing card settlements, to general ledger, accounting, and financial crime mitigation. As part of its growth plans, the company has decided to expand its addressable market by targeting the global FinTech community for the first time. The combination of Temenos’ functionality, together with cloud-agnostic, cloud-native technology, will provide Truevo with elasticity and scalability as it grows this business line.