Temenos News Room

Cybercrime is relentless and unlikely to stop. Highly sophisticated hackers using the most advanced technology are adapting to cloud computing and artificial intelligence (AI) to commit extremely rewarding crimes with relatively low chances of being caught.

As the coronavirus pandemic continues to sweep the globe, leaving more than a quarter of the world’s populations locked inside their homes, governments and big businesses are coming together like never before to find solutions to the raft of problems that have emerged.

Geneva-based Temenos released a global retail banking survey which revealed that banks in the Middle East and Africa (MEA) are the strongest believers in a cashless society.

The new Bounce Back Loans Scheme #BBLS opens for smallest UK Businesses, lenders under scheme can provide loans of up to £50k over six years.

The Swiss banking technology company Temenos is teaming up with Microsoft to help banks implement crime-fighting software for financial institutions. Through the partnership, banks can trial the software for 14 days through the end of June before changing their cybersecurity systems.

For the past few years there has been the trend of transitioning to digital payments which is accompanied by faster payments, Shrey Rastogi, senior payments strategist at Temenos believes that the lockdown will accelerate the transition as social distancing measures directly encourage the use of real time payment solutions