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 T24 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
Alba chooses cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact to rapidly launch its bank.
Senior Compliance Advisor Matt Goble discusses the importance of documenting a mortgage customer’s intent to proceed correctly.
Banks have long provided some investing options such as custody accounts and mutual fund plans. But these tend to be relatively expensive, have limited servicing, and remain esoteric and distant options for many.