Tintra, a London-headquartered deep tech banking company, has partnered with Temenos to help launch a new bank for emerging market clients.
The AI lead clearing bank, which aims to remove the barriers of moving money between developed and emerging markets, is currently applying for regulatory licences from the UK, Puerto Rico and Singapore.
It has already secured a licence to operate in Qatar and Mauritius and is exploring options in African countries.
The banking platform, which has not yet gone live, will be hosted on private cloud in the company’s own data centres in markets where required by regulators and will be used for market payments as well as financial crime mitigation.
The company said its new partnership will enable it to “go-live faster” and focus investment to bring the platform to market.
Tintra added that it wants to create fiscal inclusion in trade and finance across emerging markets using AI and machine learning to improve payment processes and compliance between emerging and developed markets.
Commenting on the news Richard Shearer, founder of Tintra, said: “We continue each week to make advances, and in some cases breakthroughs, in the regulation, tech and culture verticals.”
Latest News
-
Financial Data Exchange becomes first US Open Banking standard setting body
-
BlackRock quits climate alliance as Wall Street retreats from environmental stance
-
Nomura names new international wealth management operations chief in Singapore
-
Latin American payments platform dLocal wins UK licence
-
British financial sector optimism falls at fastest rate since 2022 amid Budget concerns
-
TransUnion to buy Monevo
.jpg)
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories