Temenos News Room

Boasting almost 25 years in the FinTech industry, Thomas Chevalier joined Temenos last year as executive director for Multifonds. Global Custodian catches up with Chevalier to discuss all things innovation as the business looks to grow its product offering and expand its geographical reach.

Temenos, the banking software company, announced that Rakuten Europe Bank – part of the Rakuten group, a unique ecosystem of 70+ businesses and over 1.6 billion members worldwide – has signed with Temenos to deliver banking services including Rakuten Pay on the Temenos Banking Cloud. Powered by Temenos open platform, Rakuten Europe Bank will accelerate its growth across Europe.

Temenos (SIX: TEMN), the banking software company, today announced that Rakuten Europe Bank – part of the Rakuten group, a unique ecosystem of 70+ businesses and over 1.6 billion members worldwide – has signed with Temenos to deliver banking services including Rakuten Pay on the Temenos Banking Cloud. Powered by Temenos open platform, Rakuten Europe Bank will accelerate its growth across Europe.

Temenos has signed a deal with existing user, Rakuten Europe Bank, for its Temenos Banking Cloud. Temenos will deliver banking services, including Rakuten Pay, on its cloud platform. The bank’s aim is to enhance its member experience, speed the development of new payment products, and enter new markets. The move is also intended to provide the scalability to analyse large volumes of data generated by member activity.

For society to achieve its ambitious and imperative net-zero targets, the banking industry must begin implementing a strategy to help create an industry that can continue to operate in an environmentally stable way. Banks have a crucial role to play in driving society towards carbon-neutral practices by reducing the direct impact of their carbon-intensive legacy systems and using their considerable influence to drive change with both individual and corporate customers.

Banking through physical branches could phase out by 2025, a new survey has revealed, as the pandemic-era push to online holds its momentum. Nearly 70 per cent of European banks, surveyed by the Economist Intelligence Unit (EIU) and Temenos, said that brick and mortar banks will be dead and gone in just three years.