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2018 Innovation Jam Winner SONECT is now live on Temenos MarketPlace
Temenos (SIX: TEMN), the banking software company, today announces that this year’s Innovation Jam winner SONECT is now live on Temenos MarketPlace, Temenos’ platform for connecting banks and fintech companies.
Swiss-based SONECT, which won the public vote at the Innovation Jam Final, offers a location-based matchmaking platform, connecting those who need to withdraw cash with those who want to deposit it. By democratizing cash distribution, SONECT is providing convenience to consumers, more footfall for retailers and saving banks millions of dollars in ATM operating costs.
The solution has now been integrated with the Temenos solutions and is live on MarketPlace. Practically, this means that for any Temenos customer wishing to deploy SONECT or any other MarketPlace provider, the significant challenges around procurement and integration have been greatly simplified, speeding up time to value from years to weeks.
Sandipan Chakraborty, Founder & CEO, SONECT, added: “What UBER is to Taxis, AirBnB is to Hotels, SONECT is for ATMs. SONECT democratizes the ATM industry by enabling any shop in the neighborhood or any human being to act as a ‘virtual ATM’. In essence, we connect people who have cash with people who need cash, saving the banking industry billions of dollars of cash distribution costs in the process. We were delighted to have won the Innovation Jam and now to be live on Temenos MarketPlace, where we hope to create significant value for the Temenos community.”
Ben Robinson, Chief Strategy Officer at Temenos and Head of MarketPlace, said: “The aim of the Innovation Jam competition is to help us to discover the best fintech solutions from around the world. But, since the competition captures the imagination of our customers, it is also a great lead-generating tool. SONECT joins the MarketPlace having already generated significant interest and we expect fast take-up as banks seek to capitalize on the latest fintech innovation to stay ahead of their peers.“
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Worldline and ABN AMRO Extend Partnership to Support Payment Services in the Dutch Market
ABN AMRO and Worldline share a distinguished partnership built over decades. In recognition of this strong foundation and proven track record, Worldline will continue to enhance ABN AMRO’s customer payment solutions. This collaboration underscores the value both parties place in their long-term commitment to innovation and operational excellence.
RateGain and Juspay Partner to Power ‘RG Pay,’ a High-Performance Financial Technology Platform for the Global Travel and Hospitality Industry
RateGain Travel Technologies Limited (NSE: RATEGAIN), a global leader of AI-powered SaaS solutions for the travel and hospitality industry, and Juspay, a leading global payments technology company, today announced a strategic partnership to power RG Pay, RateGain’s embedded financial technology platform for the travel and hospitality ecosystem.
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According to ResearchAndMarkets’ recent forecasts, Chinese outbound travel is predicted to grow at a Compound Annual Growth Rate (CAGR) of 13.5%, increasing from $140B today to reach $386B by 2033. UnionPay International helps cardholders to easily make cross-border payments in 183 markets and its payment methods are particularly popular with travelers across Asia Pacific.
Creditinfo Brings Global Fraud and Identity Solution to Uganda to Strengthen AML and Financial Crime Defences
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Glia Launches Industry-First Contractual Guarantee Against AI Hallucinations and Prompt Injections
Glia, the leading platform for intelligent banking interactions, today announced it will offer its more than 700 bank and credit union clients a contractual guarantee against AI hallucinations being presented to customers or members on its Banking AI platform. Glia also now guarantees zero impact from prompt injection attacks on its platform — malicious attempts to trick customer or member care AI into providing information or performing tasks it shouldn’t.
Money20/20 Asia Report: APAC Fintech Ecosystem Shifts from Experimentation to Scale as AI and Digital Assets Drive Leadership
Money20/20, the world’s leading fintech show and the place where money does business, today unveiled its annual Future of Fintech in APAC report ahead of Money20/20 Asia happening in Bangkok on April 21-23 at the Queen Sirikit National Convention Center (QSNCC). The whitepaper is revealing that APAC’s fintech ecosystem has reached a pivotal inflection point. The region is shifting from experimentation to scaled deployment across AI, digital payments, and digital assets, marking a decisive move toward production‑grade innovation.