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TenureX partners with TM group to deliver correspondent banking as a service

August 17, 2022

TenureX partners with TM group to deliver correspondent banking as a service
TenureX, the Israeli start-up that is fixing the broken correspondent banking industry, today announces a new partnership with TM Group, the technology management and integration experts  providing trading, compliance, control rooms, and automation software to the financial services industry.

The new partnership enables TM Group to provide TenureX solutions and services – including its unique “correspondent-banking-as-a-Service” platform – as a managed service provider in the Nordics banking sector to improve compliance, productivity and scale correspondent banking services.

The new partnership marks an important milestone in TenureX’s ambitious expansion strategy, adding a dedicated technology and market specialist focused on the Nordics, one of the most interesting markets for innovation within correspondent banking services.

TenureX and TM Group will continue their mutual vision of customer-first and hands-on approach, working together to fix the structural problems within the correspondent banking services.

TenureX was founded in 2020 by banking industry veterans who realised that correspondent banking was broken. The continued reliance on legacy technology has resulted in poorly executed cross-border payments, with parties in the payment chain and even within the same organisation unable to access the data they need to make intelligent, strategic and compliant decisions.

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