UK Fintech Tintra selects Temenos to drive AI-led inclusive banking for emerging markets

Tintra PLC, a London-headquartered Deep Tech and Banking company, has chosen Temenos (SIX: TEMN) to operate its innovative new bank designed exclusively for emerging market clients. Tintra will use Temeno’s core banking platform and market-leading payments as well as its solution to reduce crime.

Tintra’s mission is to create true fiscal inclusion in trade and finance across the emerging world delivered via a strategic network of full banking licenses on four continents and using advanced artificial intelligence, machine learning and Web 3.0 technologies. It has developed patented end-to-end AI technology that reduces human intervention in Know Your Customer and Anti Money Laundering to optimize payment processes and compliance between emerging and developed markets.

Tintra’s technological innovations connect via APIs to Temenos’ open platform to deliver a single, end-to-end solution for onboarding, transaction management, monitoring and currency services. Additionally, with Temenos’ low-code integration and APIs, Tintra can easily adapt its banking services to meet the unique needs of its customers and quickly adapt to changing market conditions.

Temenos is the only banking platform readily available on all major public cloud providers for banks to operate themselves or as a SaaS solution via the Temenos Banking Cloud. Tintra has chosen to host Temeno’s banking platform on a private cloud and its own data centers in markets where it is required by regulators.

Tintra is currently in discussion with regulators globally and has already secured a Fintech Services License to operate in Qatar Financial Center (QFC) and Payment Intermediary Service License in Mauritius. The firm is also applying for regulatory licenses from the UK, Puerto Rico and Singapore, with a new African option currently under investigation. Temenos’ regional functionality and packaged country model banking framework will help Tintra quickly comply with local regulations and business practices at a lower cost.

Richard Shearer, founder of Tintra PLC, commented: “We are delighted to partner with Temenos, the world’s most trusted core banking platform. Tintra has global ambitions, and building our borderless banking infrastructure on top of Temenos means we benefit from Temenos’ vast global experience and the regional functionality of their country-specific model banks.” This will enable us to go live faster and focus investments to bring our revolutionary AML/KYC solution to market, while providing global regulators with the assurance that our core banking services are built for today and the future.”

Juan Cejudo, Managing Director – Europe, Temenos, said: “We are proud to be selected by Tintra, an exciting new player driving innovation in banking for emerging markets. Temenos is the preferred banking platform for banks and fintechs of all sizes – established and challengers. We have been working closely with the Tintra team as they develop their strategy and offering, and we look forward to supporting them as they continue to develop and grow.”