Swiss banking software manufacturer Temenos and consulting firm Deloitte have announced a new partnership aimed at making inroads into US financial institutions. The collaboration is designed to assist these institutions in accelerating the modernization of their core banking and payment systems in the cloud.
The partnership is part of a joint strategy to help financial institutions leverage new business models and market opportunities such as Instant Payments and Banking as a Service (BaaS) more quickly and cost-effectively. This collaboration builds on the close international cooperation between the two companies, as revealed in a media release on Tuesday.
The partnership will enable a joint market entry strategy in the US, making it easier for Temenos to penetrate the market of large banks and leading payment service providers. This move is expected to strengthen the position of both Temenos and Deloitte in the US financial sector, and provide a boost to their global operations.
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| Information | Details |
|---|---|
| Geography | North America |
| Countries | 🇨🇠🇺🇸 |
| Sentiment | positive |
| Relevance Score | 1 |
| People | None |
| Companies | Temenos, Deloitte, US-Finanzinstitute |
| Currencies | None |
| Securities | None |
