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Core for Retail Banking

Empower personalized and innovative banking with a scalable and flexible core.

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Temenos Core for Retail empowers you to deliver an end-to­ end, hyper-personalized service

Stay ahead of customer needs and competitor moves with our flexible core solution. A functionally rich and agile processing engine enabling you to offer timely, personalized, and innovative products. Designed to lower costs and increase ROE. It is fully configurable to meet the needs of banks of all sizes.

Speed to market and innovation

With Temenos Core for Retail, you can introduce new products faster, leveraging low-code development, AI-powered insights, and API-driven integrations. Flexible pricing models enable personalized offerings, while seamless third-party connectivity enhances customer-centric services, all without the need for costly core system overhauls.

Unlock new revenue streams and business growth

Data-driven insights embedded in our solution allow you to uncover cross-selling and upselling opportunities, enabling the creation of personalized financial products that meet individual customer needs. By leveraging digital lending, subscription-based services, and dynamic pricing models, you can drive additional revenue streams. These strategies enhance profitability and support long-term growth, allowing you to maximize your customer relationships and provide tailored offerings that add significant value.

Operational efficiency and cost savings

Temenos Core for Retail can significantly reduce infrastructure and operational costs by eliminating the need for extensive physical branches. With the flexibility to scale efficiently, you can expand your customer base while maintaining cost-effectiveness. Our solution empowers you to adapt quickly to market demands, streamline processes, and optimize resources, ensuring sustainable growth and enabling you to remain competitive in an increasingly digital financial ecosystem.

Enhance risk management and regulatory compliance

Retail banks must comply with stringent regulations to protect consumers and ensure stability. With risk management and regulatory reporting solutions, Temenos Core for Retail helps you stay compliant with global standards. Trusted by banks worldwide, we continuously update our software, enabling you to focus on growth while mitigating reputational and financial risks from non-compliance.

Enhancing fraud protection and strengthening security

Temenos Core for Retail strengthens security by integrating advanced features such as multi-factor authentication, encryption, and AI-powered fraud detection. These systems provide real-time monitoring of transactions, enabling you to quickly identify and address potential threats. With automated alerts and comprehensive security protocols, our solution helps you to proactively prevent unauthorized access, safeguard sensitive data, and ensure regulatory compliance, thereby maintaining customer trust and enhancing overall security across banking operations.

Key features of Temenos Core for Retail

Temenos Core for Retail offers a comprehensive suite of features to enhance customer engagement, drive growth, and streamline retail banking operations. From flexible lending facilities and dynamic pricing plans to customizable product bundling, our features enable banks to meet diverse customer needs while ensuring operational efficiency and profitability.

Comprehensive retail capabilities

Completeness of offering from accounts to mortgages, building customer relationships, generating fee income, and driving long-term growth.

Relationship-based pricing

Set up relationship pricing plans with dynamic, rules-based upgrades and preferential rates.

Product bundling

Bundle products with customized pricing, interest compensation, and offset credit options for different customer segments.

Extensive lending facilities

Create diverse retail credit options, including on-demand credit and purchase financing.

Build loyalty

Support reward programs with preferential pricing, special offers, and point-based schemes.

Real results

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Temenos stood out because of its impressive client base of leading financial institutions. Temenos core banking met our key functional and technological requirements, and includes excellent capabilities for managing lending and deposits, and general ledger administration that we plan to roll out gradually. We also liked the option to run the system in the cloud or in containers, and certified partners focusing exclusively to Temenos core banking available to guide the implementation.

Frantisek Kubala
Head of Core Banking, Komerční Banka

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We took the Temenos core for a few reasons. Its functional coverage was impressive, and the ability to easily switch on and configure new modules. That flexibility delivers scalability, which is super important when you’re operating in a fast evolving market.

Spokesperson
BIL

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Our partnership with Temenos is immensely valuable to us. Every year, Temenos releases new features and enhancements. They keep up with the latest technology developments and constantly bring something new to their customers

Spokesperson
Capital Bank of Jordan

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Industry recognition

“Leader” in Forrester Wave: Digital Banking Processing Platforms, 04 2024

According to Forrester, “Temenos invests significantly in an already superior innovation process that includes advanced and explainable AI”.

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Digital Core – North America: Temenos recognized as a Leader in the IDC MarketScape

Temenos named a Leader in the IDC MarketScape: North America Digital Core Banking Platforms 2024 Vendor Assessment.

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Temenos Recognized by IBS Intelligence as #1 best-selling banking software in eight categories

IBS Intelligence’s annual Sales League Table 2023 evaluated more than 1500 banking industry deals in 2023, identifying the best-selling propositions across numerous categories.

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Frequently asked questions

In this section, you’ll find answers to some of the most common queries about Temenos Core for Retail Banking. If you don’t find what you’re looking for, feel free to reach out — we’re happy to help!

The key benefits include improved operational efficiency, customer service, and regulatory compliance, as well as streamlined workflows and reduced operational costs. It also allows you to quickly roll out new products and services, increasing customer satisfaction and loyalty.

When selecting a core banking solution, you should consider factors such as scalability, integration capabilities with existing systems, security features, compliance with regulatory standards, ease of customization, and the ability to support omnichannel banking. Additionally, the vendor’s track record, customer support, and the solution’s ability to drive innovation should be considered.

Temenos Core for Retail is designed to scale easily, enabling you to add new services, products, and customer accounts without needing significant infrastructure upgrades. Cloud-based solutions and modular setups allow you to expand your offerings and reach a larger customer base while maintaining efficiency and cost-effectiveness.

Temenos Core is equipped with robust security features such as encryption, multi-factor authentication, and real-time monitoring to protect customer data. These features help you maintain compliance with regulatory requirements by automating reporting and providing audit trails to ensure transparency.