Open banking which is based on data sharing, is an unlikely short-lived trend and is gaining momentum in Asia Pacific. In this white paper, a joint venture by Microsoft, Linklaters and Accenture, explores the various drivers behind open banking in Asia Pacific, as well as the challenges financial institutions and regulators will have to address to ensure all participants can reap the benefits.
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Before the Coronavirus crisis, retail, corporate and private banks were already under pressure from Big Tech firms and Payment players. They needed to transform their technologies and cultures to create engaging digital experiences. With the effects of the pandemic, the need for transformation is now even greater.
Temenos’ Continuous Deployment services are transformative solutions for banks wanting to expedite project delivery timelines.
From regulatory compliance to shifting customer loyalties and the increasing digitization of banking, banks have faced a number of changes and challenges over the years. In order to prosper and…
The Open Data Institute researched this report to help banking executives understand the opportunities Open Banking affords to acquire new customers, simplify the new customer onboarding process, improve KYC, and upgrade anti-money laundering (AML) efforts.
Attack is the best form of defense, so says the age-old adage. As cliché as this sound, banks, insurers, brokerage and advisory firms – traditionally known as the financial services…
During 2017, Finextra, in association with Temenos, hosted a seminar series in London designed to unpick and explore the challenges – and opportunities – for financial services firms grappling with the transition to a digital world.
The 10th annual Temenos survey of challenges, priorities and trends in the financial services sector
This paper argues that the widespread uptake of open banking globally, accelerated by the Revised Payments Services Directive (PSD2) in Europe, will lead to new opportunities and challenges for banks.…