As banks struggle to justify the cost of large branch networks, and customers demand seamless experiences where financial services are instant and embedded at the point of need, the question is: “what is the future of in-person banking?”
News & Blogs
Latest news from Temenos
Banking services are increasingly embedded in people’s everyday lives. This has opened the door for new and disruptive business models to gain popularity.
AI Adoption Matures as Banks Transform Customer Experience and Drive New Business Models, Finds Report for Temenos
Economist Intelligence Unit Report finds 85% of IT banking executives have a “clear strategy” to adopt AI to drive new products and services
In recent years, it has become increasingly difficult for financial institutions to avoid or postpone the strategic investment required to meaningfully address the pressing challenges of payment processing modernization. Industry initiatives such as new instant payment services, or new ISO 20022 based clearing schemes, or new open API initiated flows, all demand significant change.
Customer Online Conversations Reveal ‘All to Play for’ in Battle between Challengers and Incumbent Banks, Finds Economist Intelligence Unit Report for Temenos
Groundbreaking report for Temenos by The Economist Intelligence Unit uses machine-learning to analyze over 10 million online conversations about personal finance
This Blog touches on the recent study by Aite, titled: ‘COVID-19: A Global Perspective on the Impact on Wealth Management,’ sponsored by Temenos.
In this Blog we speak about the most recent findings of the report by AITE Group LLC, who have reviewed the impact for COVID19 on the Wealth Management Sector.
The worldwide trend towards Open Banking accelerates banks in their digital transformation while enabling customers to bank anywhere and anytime. With the current coronavirus situation, this transformation is even more critical.
Growth is the goal, but achieving it begins with understanding where to start and creating a path forward.
There is no time to waste. The 12-month delay for the go-live of the new SWIFT ISO standards is an opportunity, not a holiday.
New Competitive Threats Pressure Banks in North America to Respond to Changing Customer Demands, Reveals Study by the Economist Intelligence Unit Released by Temenos
North American bankers sense danger more than most from new entrants to their market, according to a global retail banking survey released by Temenos (SIX: TEMN), the banking software company. The Economist Intelligence Unit (EIU) report, A Whole New World: How technology is driving the evolution of intelligent banking in North America, conducted on behalf of Temenos, reveals changing customer behavior and demands as one of the biggest trends that will impact retail banking in North America.
Stephen Quigley, EVP of Temenos Multifonds, sheds light on the rise of the Contingent NAV in a call to modernize antiquated fund accounting systems for true NAV assurance.
Four in 10 Latin American bankers cite new technologies as the trend with the biggest impact on their sector.
According to a survey conducted by Temenos, around 39% of Costa Ricans still use cash to make payments and transfers.
Salvadoran challenger bank Banco Azul chose Temenos software to support its growth strategy in El Salvador, and expand its digital banking reach.
93% of fund administrators see investment in operational systems as essential to improve efficiency and reduce cost.
Temenos is a good choice for banks looking for state-of-the-art business capabilities, forward-looking architecture, and a vendor willing to co-design with them,’ states the report
Banks are preparing for the evolution of intelligent digital banking with 41% seeking to act as a true digital ecosystem.
Wealth managers believe that delivering highly personalized services is essential to achieve a competitive differentiation but a third of are unable to personalized service to the degree they wish.