The extended collaboration brings Strands’ AI-driven business together with personal financial management solutions to Temenos banking customers worldwide
STRANDS, a leading FinTech software company that develops AI-driven solutions for banks and financial institutions to help increase customer engagement and generate new revenue, today announced Strand’s Business Financial Management software (BFM) is available on Temenos Exchange, the open marketplace for fintech solutions.
The Strands BFM provides financial planning and management services for SME banking customers in order to help them optimize their business successfully. Thanks to its intuitive UI, Strands BFM shows a complete and transparent overview of the businesses’ incomes and outcomes and allows them to take full control over their payment cycle with the Accounts Receivable & Accounts Payable (AR/AP) management. SME’s will also be able to plan ahead by reviewing and forecasting their cashflows, creating monthly budgets to monitor their business savings and expenses and get a better provisioning to boost their business growth goals, among other management and planning features.
Temenos Exchange brings open innovation to market faster, and at scale. The marketplace offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said:
“Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate and monetize new banking solutions. Joining Temenos Exchange means Strands can write once and sell its solution across a vast banking audience of more than 3,000 clients in 150 countries. Collectively, this community serves the banking needs of 1.2 billion people worldwide.”
“Strands technology will add significant value to Temenos’ offerings in many ways,” said Edoardo Borsari , Managing Director at Strands. He added:
“This partnership collaboration will also strengthen Strands’ local teams in different regions with end-to-end delivery, from sales through to consultancy and implementation, adapting to different time zones and displaying multilingual capabilities.“
Strands participation in Temenos Exchange further extends our commitment to the banking community and enables Temenos customers to easily reap the benefits of BFM. We look forward to leveraging the power of the Temenos platform to help us achieve our business goals.”
Strands is a FinTech software company, part of the CRIF Group, which develops AI-driven solutions to help Banks and Corporations to evolve their relationship with Clients through innovative and easy financial management, leading to a new concept of financial wellness. Strands draws on its more than 15 years’ experience in Big Data, Machine Learning, and Artificial Intelligence, developing highly-personalized digital money management solutions to help financial institutions increasing customer engagement and generate new revenue through digital channels. Headquartered in Barcelona (Spain), Strands has a strong presence in Europe, North and Latin America, and Asia, and has served 100 millions banking users worldwide. Visit us for more details at https://strands.com
Strands and Temenos’ partnership started in 2015 and it has seen the two companies work shoulder-to-shoulder ever since, including the undertaking of joint marketing and knowledge exchange activities. By extending their collaboration, both firms expect to boost their integration capacity and deliver a fully contextual, next-generation user experience to banking customers worldwide.
For further enquiries, please contact:
Fion Fok | Channel Partnership Director (Strands)