Finland’s Aktia Bank goes live with Temenos Payments Hub

  • Aktia Bank, a wealth manager based in Helsinki, Finland, is enhancing its payment infrastructure.
  • Doubled down on its relationship with Temenos, its core banking provider.
  • Implemented Temenos Payments Hub to unify domestic and cross-border payments onto one platform.
  • Aims to create a pan-European instant payments service.
  • Currently serves 250,000 individual consumers and 20,000 corporate and institutional clients.
  • Expect benefits from integrated accounts and payment processing, plus low latency execution.
  • Integration supports straight-through processing (STP) for automated fund transfers and electronic payments.
  • Anssi Huhta, EVP of Aktia Bank, anticipates faster, user-friendly payment options.
  • Jean-Paul Mergeai, Temenos President, notes the growing importance of payments for clients.
Laura M
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.

You May Also Like

Coinbase Receives Conditional Approval for National Trust Bank Charter

The approval marks a significant step for Coinbase in the financial sector.Highlights: Coinbase secures conditional approval for a...

Visa Survey Reveals Businesses Ready to Embrace AI in Commerce

Consumer hesitation contrasts with business enthusiasm for AI adoption.Highlights: Visa survey finds 76% of businesses ready to adopt...

Italy Fines Revolut €1.15M for Regulatory Violations

Revolut faces penalties due to non-compliance with Italian financial regulations.Highlights: Italy fines Revolut €1.15 million for regulatory breaches.The...

DeFi Platform Drift Suspends Withdrawals After Crypto Hack

Drift takes precautionary measures following security breach affecting user funds.Highlights: Drift has suspended all deposits and withdrawals after...