For this edition, I was grateful to interview Jaqueline White, recently appointed, President - Temenos Americas. She is about 6 weeks into her VERY busy role but she still managed to gift me (I call it a gift because time is precious) some time to conduct this interview.
News & Blogs
Latest news from Temenos
Big Tech firms (like Google, Amazon, Facebook and Apple) are eying up the payments space enthusiastically. Anyone who attended Sibos last year would have seen the signs that Big Tech is rapidly moving into the places that E-money Institutions (EMIs) presumed was their fundamental niche. This position will get more competitive! These firms are likely to have a big impact on payments. They have put their brands foremost and are using payments to boost on-platform engagement and commerce, reinforcing their importance in consumers' lives.
Senior compliance expert, Rachelle Dekker, provides an overview of the FinCEN SAR FAQs issued on January 19, 2021.
lectronic Money Institutions (EMIs) are a relative newcomer to the financial services landscape – particularly in their visibility to the wider market. They are not banks but they are challenging banks in many ways, including their business model - but how are they driving this change?
Temenos and IBSI's white paper, Modernizing Banks in Europe Technology Trends and Challenges for Small and Mid-sized Banks, points out that with revenue slowing down, the emphasis is now, more than ever, on cost efficiency, better risk management, and building a resource-light digital platform for servicing customers.
Challengers have disrupted customer expectations about wealth management - with a connected ecosystem, banks can stay at the top of the game.
Now more than ever, financial organizations are under pressure to adapt and innovate as they face the evolving demands of the modern consumer and increasing disruption from rapidly emerging technologies.
With banks’ revenues slowing down, the emphasis is now on cost efficiency, better risk management, and building digital platforms to enhance service and value from customers. This has, in turn, accelerated the need to scale up technology investments.
There's a simple answer to reducing total cost of ownership whilst still delivering unique products and services for members. The cloud.
Senior compliance expert, Rachelle Dekker, shares the differences between the FDIC and FinCEN requirements to file a SAR.