Temenos’ Mick Fennell Talks AI, Embedded Payments & Partnerships at TCF 2025

At TCF 2025, Mick Fennell, Business Line Director – Payments at Temenos, talked about how new technology like AI, cloud, APIs, and blockchain is revolutionsing how payments work.

Fennell started by saying that instant payments are increasing as the industry is trying to connect local systems to make cross-border payments easier. Because there is an increase of payments happening, and things are getting complicated, banks are using cloud processing to handle the load and keep things running smoothly.

AI is cutting down on false alarms when it comes to fraud and financial crime, while also making operations easier by fixing problems faster. And for customers, AI tools are making things better by helping them understand complicated info. AI is even helping to find the cheapest way to send payments in real-time. He also mentioned that embedded payments are becoming increasingly important as APIs and embedded finance tools are making it possible to connect directly to customer systems. When you add blockchain and stablecoins to the mix, these technologies are enabling faster payments, transparency, and new ways to exchange value.

Then Fennell shared some big news: Standard Chartered is now part of the Temenos Exchange, which a marketplace with over 130 fintech partners that enhance and add value to Temenos. Standard Chartered has been using Temenos’ software, but now they’re also a partner and the first service they’re partnering together on, according to Fennell, is integrating Standard Chartered’s FX service, SC ALE. 

Temenos will pre-build the integration and whis partnership makes sure they are aligned, that the product is easy to use, and well-maintained, giving banks flexibility and reliability. With over 950 banks using Temenos, this move gives Standard Chartered acces to Temenos client base. This partnership also gives Temenos clients more choices and easier access to further services, including new products related to stablecoins and digital assets in the future.