LTI wins banking technology deal from Hoist Finance

Larsen & Toubro Infotech (LTI) announced its technology deal with Hoist Finance AB, a financial services company in Europe, to provide Banking-as-a-Service for Performing Loans segment through its Digital Banking Platform.
LTI’s Digital Banking platform, powered by Temenos, will enable Hoist Finance to be scalable and with faster on-boarding of new asset classes across regions. The platform provides seamless interoperability, agility, and higher security at a lower total cost of ownership.

LTI’s Digital Banking Platform provides end-to-end integration with Temenos Transact, Temenos Infinity, Temenos Payments, and Temenos Financial Crime Mitigation as well as Fintech solutions like regulatory reporting, authentication, KYC solutions, card services, and payment solutions available on Temenos Marketplace.

LTI’s Digital Banking platform will operate across existing Hoist applications and infrastructure through an API driven interface to connect with third party systems.