Focus on Commercial Differentiators
Temenos Model Bank acts as a starting point for implementations, embodying much of the industry best practice for banking, which Temenos has implemented over the years. This means that the implementation can focus on configuring and building the functional elements from which you aim to gain the greatest value and most competitive advantage.
Reduced Deployment Time
The approach reduces the overall implementation time since there is no need to configure standard, basic functionality found across most of the banking industry.
Reduced Deployment Cost
By reducing the overall project time and embracing re-use of banking best practices, you can reduce the overall deployment cost and risk.
Leverage Temenos’ Experience
Temenos has installed solutions in over 3,000 banks. The Model Bank approach enables you to leverage this accumulated expertise and to focus on the areas where you have competitive differentiation or innovation strategies.
Read the success story
“As the first Moroccan bank to open in China, this expansion will act as a catalyst for economic relations between Africa and China. As the implementation timeframe was so short, Temenos’ packaged software, Temenos Transact, was vital to our plan. By offering a banking platform that is already compliant with Chinese regulations, and running it on Temenos Cloud, Temenos accelerated the launch of our operations in China. Thanks to Temenos’ model bank approach, we obtained a new banking license, and having implemented a new core banking system that meets local regulations while supporting BMCE Bank of Africa’s ambitious growth strategy”Said Adren, General Manager – BMCE Bank of Africa
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Varo Bank, which became the first U.S. fintech to earn a national banking license when the Office of the Comptroller of the Currency (OCC) awarded it a charter last month, will soon move operations to the Temenos cloud banking platform.