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How Temenos challenges the banking industry’s conventions

Banking services are increasingly embedded in people’s everyday lives. This has opened the door for new and disruptive business models to gain popularity.

The Temenos Value Benchmark – Maximizing Business Value From Your Investment in Information Technology

We all know that disruptive technologies like Cloud/SaaS, Microservices, APIs and AI are having a profound impact on the way banking services are delivered and consumed today. This is leading to the twin trends of digital and open banking, and hence changing the very structure of the banking value chain. Meanwhile, non-traditional entrants like the technology giants, neo-banks and fintechs, are leveraging these technologies to compete in banking, and that too with a cost base 30-60% lower than incumbent banks.

Potential SME Customers – a Bank for Life

The SME sector could provide the banks with a very lucrative opportunity if they work properly to entice them as customers. However, at the moment, banks are losing out to other financial providers as SMEs look elsewhere for money and support.

SME Business

Cloud computing technology has the potential to transform the financial services industry. More than merely a mechanism to reduce costs, the capabilities the technology offers provides massive advantages to quickly accelerate service delivery.