Convera, a US-based non-bank B2B payments provider, has chosen Temenos, a Swiss vendor, to modernize its payments infrastructure. They plan to deploy Temenos’ Payments Hub solution in the Temenos Cloud, aiming to increase efficiency, improve customer service, and expand payment volumes in the next five years.
Facts
- Convera selects Temenos: The US-based non-bank B2B payments provider, Convera, has chosen Swiss vendor Temenos to modernize its payments infrastructure.
- Single platform standardization: Convera will use Temenos’ Payments Hub solution in the Temenos Cloud to replace legacy systems and standardize its international commercial payments on a single platform. This move is expected to lead to greater efficiencies and improved customer service.
- Growth ambitions: Convera aims to double its payment volumes within the next five years and plans to expand its payment rails.
- Leveraging cloud-native platform: By adopting Temenos’ cloud-native platform, Convera will have access to new market initiatives like instant payments and ISO 20022. It will also enhance its straight-through processing rates.
- Real-time data management: Convera will utilize Temenos’ data hub capabilities to manage real-time data effectively.
- Trusted technology partner: Convera’s CEO, Patrick Gauthier, expressed trust in Temenos’ superior cloud technology capabilities and its local operations.
- About Convera: Founded in 2021 and previously part of Western Union, Convera provides currency exchange and hedging solutions, facilitating access to over 140 currencies and operating in 200+ countries and territories. The company serves a wide range of customers, including small business owners and large financial institutions, totaling more than 30,000 clients.
