Embedded finance solutions used by three in five UK adults, study finds
A study by composable banking platform Temenos has found that three in five – 60% – of UK adults use embedded finance services when shopping online.
News & Blogs
Latest news from Temenos
TCF ’24: live blog
All the action from Temenos Community Forum 2024, as it happens. Read our live event blog.
Global Custodian – Fireside Friday with… Temenos Multifonds’ Thomas Chevalier
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.
Global Fintech News – Rakuten Europe Bank Partners With Temenos to Take Banking to the Cloud
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.
Business Money – Rakuten Europe Bank partners with Temenos to take banking to the cloud
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.
Fintech Futures – Rakuten Europe Bank opts for Temenos Banking Cloud
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.
The World Financial Review – A Fair Banking Framework for Net-Zero Can Be Best Achieved With Cloud-Based Solutions
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.
Banco de la Nación del Perú goes live with Temenos to Accelerate Financial Inclusion with 2 Million New Accounts
Powered by Temenos Banking Cloud, Banco de la Nación del Perú plans to create more than 24 million accounts to deliver financial relief funds, setting a new record in Latin America
CITYA.M. – Branch banking to be dead and gone in Europe by 2025
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.
BusinessTech – Reimagine customer engagement with Smart Digital Experiences across all channels
Disruptive technologies are changing the way that banks must operate to ensure they provide engaging, consistent, yet frictionless customer journeys. Banks are realizing the heightened need for a customer-centric approach, which is why the MEA cloud computing market is expected to grow from $14.2 billion in 2021 to $31.4 billion by 2026.
Fintech Futures – Build banking better
In this episode of the What the Fintech? podcast, we’re joined by Tony Coleman, chief technology officer at cloud banking platform Temenos. In our News in Numbers section, Tony discusses the importance of collaboration following the news that TSB and banking technology platform provider BankiFi have teamed up to launch a new app to enable small businesses to receive quicker payments and to better manage their business finances.
Finextra – Digital banking strategies are greener and smarter on the cloud
Banks may not have been the earliest adopters of the cloud, but industry leaders now realize that a cloud-based digital strategy enables a range of strategic advantages—including improved sustainability.
Finance Digest – The risks and rewards of AI in banking in 2022
The use of Artificial Intelligence in the financial services sector has grown exponentially in the last decade. Banks are now implementing the technology across a range of innovative use-cases. A new survey of IT executives in banking, conducted by The Economist Intelligence Unit in partnership with Temenos, finds that 85 per cent have a “clear strategy” for adopting AI to develop new products and services.
Finextra – Predict 2022 with Temenos: ESG forecast for the year ahead
Kalliopi Chioti, Chief ESG Officer at Temenos, shares her ESG predictions for 2022 and beyond. We hear how banks can achieve greener, more efficient operations, what banks can do to appeal to green consumers, and the implications that will come from banks moving to a net-zero plan.
Retail Dive – Buy now, pay later popularity shows no signs of slowing, FIS report says
Expect buy now, pay later to be a juggernaut in payments for years to come. That's according to the 156-page 2022 Global Payments Report released March 2 by the Worldpay unit of Fidelity National Information Services, also known as FIS. Buy now, pay later will account for about $438 billion, or 5.3%, of the global e-commerce transaction value by 2025, up from 2.9%, or $157 billion, in 2021, fueled by strong demand in key markets such as North America and Europe.
Fintech & Finance News – Temenos extends ESG leadership in Global Sustainability Indices
Temenos has extended its leadership position in the S&P Sustainability and FTSE4Good Indices, two of the world’s most influential ESG performance ratings. The Sustainability Yearbook 2022, an annual report of companies with the best performance in Sustainability, is based on the 2021 Corporate Sustainability Assessment, the basis of The Dow Jones Sustainability Index (DJSI) and The S&P ESG Index.
Global Custodian – Canada Life UK rolls out Temenos Multifonds platform
Temenos worked with Canada Life UK to support specific functionality for the UK market, including support for UK SORP, UK tax, Solvency II and unique company reporting requirements. Since implementation, the firm has migrated over 800 funds in a single weekend and will administer more than £40 billion of assets on the Temenos platform.
Forbes – Commerce Bank goes live with Temenos Core, On-Premise
Commerce Bank in St. Louis has gone live with the Temenos core banking platform for deposits. Although Temenos offers its core system in the cloud — Varo Bank, the California challenger bank is using an entirely cloud implementation — Commerce Bank chose to go on-premise.
Fintech & Finance News – Rwanda’s largest bank completes core modernization with Temenos
Temenos today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on Temenos. Replacing its core banking system with Temenos open platform for composable banking allows the bank to break free from legacy constraints and accelerate its digital transformation.