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Temenos has launched an AI-powered platform, Temenos Money Movement & Management, to streamline payments and account services for financial institutions.
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The platform leverages AI for automated payment repairs, fraud detection, and real-time screening to reduce false positives and improve efficiency.
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Temenos’ solution allows faster onboarding of digital wallets and payment providers, demonstrated by FINCI’s successful launch in just four months.
Temenos, the banking technology company, announced today its launch of an AI-powered and pre-integrated platform to streamline payments and account services.
The platform, Temenos Money Movement & Management, will allow financial institutions to move money faster, more reliably, and at lower cost. The solution leverages AI for automated payments repair, fraud detection, and copilot tools, which should enhance real-time screening and reduce false positives.
“We’ve taken a number of our assets and packaged them up, making it easier for companies in the money movement and management business to have everything they need off the shelf,” said Mick Fennell, the business line director for payments at Temenos, in an exclusive Trade Finance Global (TFG) interview at Sibos 2025 in Frankfurt.
“No matter how good [banks] are, at some stage, there needs to be repairs to a payment because something was missing, for example,” he explained. “Now, we’ve got an [AI] technology that automatically repairs them.”
New entrants in the payments sphere will be able to access markets quickly through the platform, which is expected to speed up the onboarding and servicing of digital wallets and alternative payment networks.
Through the platform, FINCI, a Lithuanian electronic money institution, went live in just four months and was able to onboard payment providers much faster than through traditional services.
Temenos’ new platform is part of a growing trend of AI implementation in payments, which is increasingly going beyond fraud detection and permeating almost every aspect of payment processing.
“[Another] one of the major things has been working with Microsoft’s Copilot. So we’ve created copilots within the banking system so to increase bank user efficiency,” Fennell added.
The unified solution is intended for both domestic and cross-border payments, and is available immediately.
Fennell explained that rather than a siloed business model, “AI is fused in. It’s not the whole cake. It’s within the cake. So our solutions are the cake, and AI is like the fruit in the fruitcake.”
