Temenos gains new paytech client in the UK, Optimus Cards
Banking tech vendor Temenos has signed Optimus Cards, a UK-based white-label card and banking-as-a-service (BaaS) provider, as a new client.
Temenos gains new client in the UK, Optimus Cards
Optimus is a licensed electronic money institution (EMI), a principal member of Mastercard, and acts as a primary card issuer and programme manager.
It serves customers in the fintech and mutual sectors, supporting Apple Pay and Google Pay, open banking, contactless and virtual cards, IBANs, UK sort-codes and accounts, and “cardless” cash withdrawal.
Last year, the paytech was acquired by Uphold, a San Francisco-based digital money platform, and is now on an expansion spree.
It is launching new white-label credit card and multi-asset, crypto-enabled debit card services and partnering with local regulated issuers in Europe and the US.
The Temenos banking platform will process all transactions and manage customer accounts, and Optimus will also compose a lending solution to support its new credit card service.
The platform connects in real time via APIs to Optimus clients’ back-office systems to facilitate instant authorisation from the customer’s account or crypto wallet.
Lindsay Robertson, CEO of Optimus, says Temenos was chosen “for the platform’s proven reliability and resilience, and the flexibility to compose solutions for a broader range of banking-as-a-service offerings in the future”.
