Romania’s Libra Internet Bank partners with Temenos to modernize its payments services and enhance cross-border payments, aiming to simplify operations and support future growth.
Facts
- Libra Internet Bank collaborates with Temenos to modernize its payment services.
- The partnership aims to facilitate ISO 20022 cross-border payments and reporting on the Swift network (Swift CBPR+).
- Libra Internet Bank plans to integrate other payment rails onto a single platform to support its growth and double payment volumes over the next five years.
- Libra Internet Bank is an existing Temenos customer, utilizing its core banking technology.
- The addition of Temenos Payments will simplify and standardize payment operations and enhance sanctions screening processes.
- Cristina Mahika-Voiconi, the general manager at Libra Internet Bank, highlights Temenos’ role in modernizing the bank’s operations and staying competitive in the Romanian banking industry.
- Libra Internet Bank, headquartered in Bucharest, was founded in 1996 and claims to have launched Romania’s first completely online accounts and loans.
- The bank serves as a partner to various financial institutions and fintechs in the EU, facilitating access to the Romanian market through its API banking infrastructure for companies like Revolut, Wise, and Raiffeisen Digital Bank.
