In today’s digital banking landscape, customer demands are ever-increasing, prompting banks to seek future-proof fintech solutions to deliver enhanced financial services. The Temenos Exchange ecosystem offers a curated selection of pre-integrated fintech solutions that seamlessly integrate with the Temenos open platform for composable banking. This enables banks to accelerate the development of new financial services while reducing development costs.
Pannovate’s integration with Temenos’ L1 adaptor is a noteworthy example of this collaboration. A European banking client, seeking to replace its legacy platform, chose Temenos for its new core banking system. To optimize both platforms, Pannovate’s CMS needed to integrate with Temenos’ platform. Leveraging Pannovate’s flexible API adaptor, the integration utilized Temenos’ core L1 adaptor, enriching the bank’s access to combined solutions from Pannovate and Temenos. This approach contrasts with the constraints often associated with custom L3 integrations.
The collaboration required extensive development and innovation to enhance the L1 adaptor’s capabilities, resulting in Temenos’ first comprehensive universal adaptor. This “plug-and-play” model, agnostic to processors and other component partners, offers functional, technological, and commercial advantages to banks.
This integration project served as the foundation for broader collaboration between Pannovate and Temenos. As a partner on the Temenos Exchange, Pannovate gains access to diverse global opportunities across various market sectors. Pre-integration with the L1 adaptor positions Pannovate to deliver unified banking and cards solutions with deep system knowledge.
The integration of Pannovate’s advanced CMS with Temenos’ Transact and Infinity products offers a ready-made solution to enrich Temenos’ core banking offering. Use cases for Pannovate’s CMS alongside Temenos’ products include scenarios where banks aim to provide comprehensive card management capabilities, modernize existing CMS, or expand card-based functionalities.
Pannovate’s CMS platform offers highly configurable features covering full card lifecycle management, transaction lifecycle management, comprehensive card and transaction fee management, customizable user notifications, and additional services such as fraud monitoring and PSD2 compliance.
Looking ahead, Pannovate aims to serve as the enrichment layer and rapid innovation arm for Temenos and mutual clients in card management services. Together with Temenos, Pannovate is poised to address the evolving challenges faced by banks in today’s dynamic landscape.