Tintra will be using Temenos core banking platform and market-leading payments as well as its Financial Crime Mitigation solution.

Tintra’s mission is to create true fiscal inclusion in trade and finance across the emerging world delivered via a strategic network of full bank licenses on four continents and using advanced artificial intelligence, machine learning, and Web 3.0 technologies. It has developed patented end-to-end AI technology that mitigates human intervention in Know Your Customer and Anti Money Laundering to optimize payment processes and compliance between emerging and developed markets.

The Tintra technological innovations connects via APIs with Temenos’ open platform to deliver a single, end-to-end solution for onboarding, transaction management, monitoring and forex services. In addition, with Temenos’ low-code integration and APIs, Tintra can easily customize its banking services to meet the unique needs of its customers and quickly adapt to changing market conditions.

Temenos is the only banking platform readily available on all major public cloud providers for banks to run themselves or as a SaaS solution via Temenos Banking Cloud. Tintra has opted to host Temenos banking platform on private cloud and its own datacenters in markets where required by regulators.

Tintra currently is in discussion with regulators globally and has already secured a Fintech Services License to operate in the Qatar Financial Centre (QFC) and Payment Intermediary Service License in Mauritius. The firm is also applying for regulatory licenses from the UK, Puerto Rico, and Singapore, with a new African option being currently investigated. Temenos’ regional functionality and packaged country model bank framework will help Tintra to quickly comply with local regulations and business practices at a lower cost.

Richard Shearer, Founder of Tintra PLC, commented: “We are delighted to partner with Temenos, the world’s most trusted core banking platform. Tintra has global ambitions and building our borderless banking infrastructure on top of Temenos means we benefit from Temenos’ vast global experience and the regional functionality of its country specific model banks. This will enable us to go-live faster and focus investment to bring our revolutionary AML/KYC solution to market, whilst at the same time giving global regulators the assurance that our core banking services are built for today and the future.”

Juan Cejudo, Managing Director - Europe, Temenos, said: “We are proud to be selected by Tintra, an exciting new player that is driving innovation in banking for emerging markets. Temenos is the banking platform of choice for banks and fintechs of all sizes - incumbents and challengers. We have been working closely with the Tintra team as it builds out its strategy and offering and we look forward to supporting them as they continue to evolve and grow.”