Why Temenos AI?
Temenos is the first to bring transparency and explainability of AI automated decision making to the banking industry. Our patented explainable AI (XAI) platform and machine learning capabilities are embedded in the Temenos Platform and available with all Temenos software either through an easy-to-use interface or through APIs delivered on-premise, in the cloud or as a SaaS offering. By embedding AI and Machine Learning into our products, we have accelerated the release of explainable models that will underpin new AI use cases that focus on creating seamless customer journeys and automating manual processes with self-learning capabilities.
AI Permeates Temenos Solutions
What is Explainable AI (XAI)?
Temenos’ XAI platform addresses one of the key issues for banks using AI applications; which is that they typically operate as ‘black boxes’ offering little if any discernible insight into how they reach their decisions. We bring cutting-edge innovation to the banking industry by providing transparency into these decisions and helping you explain clearly, in plain language, to your customers and regulators how AI-based decisions are made.
Credit Scoring Model
The Temenos XAI credit scoring model reduces credit risk with the ability to increase pass rates while maintaining or reducing current default risk. Integrated with Temenos Infinity, it will take manual underwriting to the next level through AI automated decision-making and recommendations that are transparent and explainable to the end-user.
Smart Data Lake
The XAI platform, fully integrated with the Temenos Data Lake, gives banks a real-time, end-to-end Smart Data Lake, offering higher quality and richness of data through multiple sources. This means that banks can make faster, more accurate and explainable decisions driven by AI algorithms.
Temenos embeds AI software and Machine Learning capabilities into our banking platform so your bank can realize its value across the entire enterprise to provide individualized customer experiences and maximize straight-through processing with limited or no human intervention in all areas of your bank.
Temenos Events On-Demand
Watch all of the Temenos AI videos from Temenos 2020 events on-demand now.
“Augmented underwriting gives firms the opportunity to make better decisions by comparing both assumptions and explanations. It was fantastic to work with Temenos to achieve this vision.”Lara Korz, Chief Data Officer, Azur
Customer Success Stories
Using the XAI platform, Azur users can harness machine learning to rate the likelihood of conversion and propensity to claim as soon as a client requests a quote.
British Business Bank (BBB) provides much-needed finance to small and medium-sized enterprises through its subsidiary The Start Up Loans Company. Having previously relied on a network of partners to check…
Temenos Jean-Paul Mergeai, Managing Director – Middle-East & Africa joins CNBC Arabia: CEO Talks – Crisis Emerging Organizations, discussing how digital banking is rapidly accelerating in the wake of Covid-19
During the COVID-19 crisis, many banking customers may lose their income. Watch this session to see how the AI Urgent Relief model allows the relationship managers to make a decision to offer a micro COVID-19 loan to the customer and even prescribe the amount.
In this session, learn how you can evaluate every customer payment in real-time and utilize machine learning to determine if the transaction depicts a “financial event” to facilitate a relevant product or service offer.
It’s Time for AI to Explain Itself – Finextra
The US financial regulator announced earlier this month that it has opened an investigation into claims of gender discrimination by Apple Card.