Firms to Scale Digital Banking Services across Africa

Interswitch Group, a major African integrated payments and digital commerce company, has entered into a strategic partnership with Temenos, a global leader in banking technology. This collaboration will see Interswitch adopt Temenos' advanced technology to significantly enhance its digital banking capabilities, thereby supporting its expansion and broadening access to modern financial services throughout Africa.

Jonah Adams, Managing Director for Digital Infrastructure & Managed Services at Interswitch, highlighted the benefits of adopting Temenos' cloud-native, composable platform. "By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets," Adams stated. He described the partnership as a pivotal moment for Interswitch, enabling the company to move beyond payments and redefine digital banking for the continent by integrating a highly configurable platform leveraging the latest cloud technologies.

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By adopting Temenos’ cloud-native, composable platform, Interswitch gains the flexibility and scalability to accelerate its next phase of growth and deliver banking services that meet the needs of African markets. This is a pivotal moment for Interswitch as we accelerate our expansion beyond payments and reimagine digital banking for Africa. Our partnership with Temenos is strategic in that it allows us to introduce a highly configurable banking platform that leverages the latest cloud technologies into our technology stack. Temenos delivers on this and brings an unmatched breadth and depth of capability to support our vision and scale our services across the continent.

William Moroney, Chief Revenue Officer at Temenos, welcomed Interswitch as a significant new customer and partner in Africa. "Interswitch is an important new customer and partner for Temenos in Africa," Moroney said. He emphasized that the collaboration demonstrates the adaptability of Temenos' platform in powering innovative banking services tailored for African markets. The partnership also extends Temenos' reach through Interswitch's extensive presence across the continent, strengthening its ecosystem and partner network.

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Interswitch is an important new customer and partner for Temenos in Africa. The collaboration underscores the adaptability of our platform to power innovative banking services tailored to the needs of African markets. Interswitch’s strong presence across the continent also extends our reach and further strengthens our ecosystem and partner network.