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.”