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Moneycorp has selected Temenos to support its global growth strategy, adopting Temenos SaaS for core banking and payments across its international operations. The move signals a broader digital transformation initiative aimed at accelerating product deployment, increasing scalability, and improving operational efficiency for the cross-border payments and FX provider.
The company will transition to Temenos’ software-as-a-service model to focus on delivering new services while using the platform’s advanced wallet and payments capabilities to support client operations in over 190 countries. With offices across Europe, the Americas, and Asia, Moneycorp processes more than 1 million payments each year and in 2023 handled £71 billion in trading volume. The firm serves 11,000 business clients, 250 financial institutions, and over 23,000 private customers.
Temenos’ solution will allow Moneycorp to develop and deploy new capabilities globally through its Model Bank framework, which includes pre-configured banking functionality and country-specific localization. This is intended to reduce deployment risk and speed up time to market across jurisdictions, supported by an open, API-based architecture designed to simplify integration across Moneycorp’s existing technology stack.
Moneycorp holds 63 regulatory permissions globally
Srini Kasturi, Group Chief Technology Officer at Moneycorp, commented, “Best-in-class technology is key to delivering the seamless client experience and personalized service that Moneycorp is known for, so we’re delighted to partner with Temenos, an established global leader in banking technology. Temenos’ multi-country support and localization will enable us to launch new solutions quickly around the world, while running on SaaS will help us to scale efficiently while maintaining our focus on delivering our award-winning, easy to use service to customers worldwide.”
Temenos said the partnership reflects its ability to deliver robust SaaS infrastructure for complex financial institutions seeking cross-border functionality and regulatory adaptability. Mark Yamin-Ali, Managing Director, Europe at Temenos, commented, “We’re proud to partner with Moneycorp, a U.K. success story and world leading cross-border payments provider. This strategic transformation which will see Temenos underpin Moneycorp’s core banking and payments ecosystem across its global operation. Moneycorp sought a SaaS solution with deep functionality and the latest technology—capabilities only Temenos could deliver—along with our expertise in Western Europe and the U.S. We look forward to working with Moneycorp to drive the next phase of their impressive growth story.”
Moneycorp holds 63 regulatory permissions globally, providing a significant operational footprint that Temenos will now support through its SaaS offering. The collaboration reinforces Moneycorp’s strategy of leveraging digital tools to scale efficiently while retaining its reputation for client service across its diverse customer base.
