MuchBetter expands B2B offering with Temenos powered business accounts
MuchBetter, the award-winning fintech innovator, has introduced a next generation business account offering, MuchBetter Business (MBB). Built on an advanced, cloud-native core banking solution from Temenos, and supported by NatWest and SWIFT, MBB is designed to meet the needs of businesses in specialised sectors that face barriers to traditional banking access.
MBB delivers a trusted, secure, and reliable alternative to legacy banking services. With access to operational accounts and dedicated safeguarding accounts – available in 35 currencies – the offering empowers businesses to operate globally with confidence. Key features include advanced web and mobile apps for seamless account management and payment approvals, customisable approval workflows for secure, role-based transaction control, global payment rails for UK, Eurozone, and international transfers, real-time FX execution with competitive rates, and accelerated digital onboarding with biometric ID&V and KYB compliance.
The MuchBetter Business offering is designed with user experience and security at its core. Business users benefit from a clean, responsive interface that supports flexible payment approval workflows. Permissions can be tailored to define who can initiate and approve transactions, including multi-signatory rules for high-value payments. Notifications are delivered across web and mobile, enabling approvals on the go.
While customers interact with the offering via the MBB Mobile and Web apps, it is underpinned by robust technology powered by Temenos SaaS. This comprehensive, scalable banking solution supports real-time transaction monitoring and processing, advanced financial crime prevention tools, treasury management, and efficient payment routing. All client funds are safeguarded with tier-one partner bank NatWest, ensuring security and regulatory assurance at every level.
Temenos powers over 950 banks globally and is recognised for its expertise in SaaS banking. Its market-leading core banking suite and best-in-class modular solutions are transforming the banking industry by fostering digital excellence and innovation, helping financial institutions to thrive in today’s increasingly dynamic markets.
“MuchBetter has made substantial investments in our banking platform to ensure that we provide our customers with the most reliable and secure services. says Gary Hill, CIO of MuchBetter. By partnering with Temenos as a globally trusted technology partner we offer our customers the reliability and performance trusted by major banking institutions across the globe. This ensures they have a smooth customer experience and peace of mind.”
Mark Yamin-Ali, managing director, Europe, Temenos added: “Congratulations to Gary, his team and the MuchBetter organization on the launch of their next-generation business account using Temenos SaaS. This is a great example of how Temenos partners with financial institutions to leverage the deep functionality, agility and scalability of Temenos SaaS to accelerate innovation and elevate customer experience.”
MuchBetter’s infrastructure is further strengthened by its direct membership with SWIFT, enabling secure, compliant cross-border payments, and its collaboration with a tier-one UK bank that provides safeguarding and FX services.
With a rapidly expanding suite of B2B and B2C offerings, MuchBetter is building a full-service financial ecosystem that includes wallets, wearables, gateway services, and white-label payment solutions. The MuchBetter Business platform forms the foundation of this vision, allowing MuchBetter to serve both ends of the financial spectrum, from individual users to large multinational enterprises.