White-label card issuer Optimus Cards has selected core provider Temenos’ open platform for composable banking to scale its cards-as-a-service business.

The API-connected platform will process London-based Optimus’ transactions and manage customer accounts. Under the new platform, Optimus customers’ back-office systems can enable instant authorization from both customers’ accounts and crypto wallets, according to a release.

“Optimus Cards has a long-standing relationship with Temenos which has made the integration of new modules much easier than using a new partner,” Optimus Chief Executive Lindsay Robertson told Bank Automation News.

“In addition, Temenos was very willing to engage and understand our requirements. Optimus has a need to expand our geographic and functional coverage and we were very happy with Temenos’ commercial proposition without needing to look to third parties for alternative solutions.”

The partnership has allowed Optimus to add product functionality to support credit cards, improve its licensing capabilities and win new businesses in 2022, Robertson added.

Geneva, Switzerland-based Temenos had a fruitful second quarter as several financial institutions (FIs) chose the company’s products for their tech stacks, including:

• $66 billion Garanti BBVA International, based in Ankara, Turkey;
• $421 billion ABN AMRO Bank, based in Amsterdam;
• Battle Financial, set to open by yearend, is based in Largo, Md.;
• $3.3 billion ADCB Egypt, based in Cairo, Egypt;
• $1.5 billion TS Banking Group, based in Treynor, Iowa;
• $40.4 billion Mirabaud, based in Geneva, Switzerland;
• $5.7 billion Canadian Tire Bank, based in Oakville, Canada;
• $2.9 billion BforBank, based in Paris;
• $8.6 million Vietnam Maritime Commercial Joint Stock Bank, based in Hanoi, Vietnam;
• $22 million Saigon-Hanoi Bank based in Hanoi, Vietnam; and
• $2.5 million Arab Tunisian Bank, based in Tunis, Tunisia.

Bank Automation Summit Fall 2022, taking place Sept. 19-20 in Seattle, is a crucial event on automation and automation technology in banking.  Learn more and register for Bank Automation Summit Fall 2022.