Compliantly support multiple countries from a single instance of Temenos Banking Cloud
Wilmington, Feb – InCountry, a leading provider of data residency today announced Data Residency for Temenos is available on Temenos Exchange, the partner ecosystem of integrated fintech solutions.
The Data Residency for Temenos (https://www.temenos.com/community/exchange/providers/incountry-inc/) solution enables Temenos Banking Cloud customers to run core banking across several countries and fully isolate customer data in each country to meet regulatory requirements. In addition, InCountry can manage Temenos data in countries that do not have a Temenos-compatible cloud available or mandate a sovereign cloud.
Temenos Exchange brings innovation to market faster, and at scale. The ecosystem offers pre-integrated and approved fintech solutions that can be easily deployed on top of Temenos open platform for composable banking, enabling banks to accelerate the creation of new financial services, while reducing the costs of development.
Martin Bailey, Director of Innovation and Ecosystems, Temenos, said: “Temenos Exchange acts as an accelerator for fintechs and software developers, helping them develop, validate, and monetize new banking solutions. The integration with Temenos and joining Temenos Exchange means InCountry can write once and be readily available to the thousands of banks globally that run on our platform.”
“We are pleased to offer InCountry Data Residency for Temenos to regional and global financial institutions. InCountry’s bank-grade security and infrastructure are purpose-built so highly regulated industries can compliantly operate an application instance across a number of regulated countries,” said Peter Yared, founder and CEO of InCountry.
“InCountry data residency availability on Temenos Exchange further extends our commitment to the banking community and enables Temenos customers to easily reap the benefits of Data Residency for Temenos. We look forward to leveraging the power of the Temenos platform to help us achieve our business goals.”
InCountry is the data residency-as-a-service platform, enabling data compliance by storing and processing data in its country of origin. With services worldwide, InCountry helps multinational companies operate in an era of fluctuating regulations and complicated cross-border data rules.