Enterprise solution covering all your Financial Crime Mitigation needs
A single product family designed to mitigate the full range of financial crime activities and support all user functions: alert management, case management, reporting and dashboards. Used by over 200 banks globally from very large tier 1 to small, regional branches. Temenos Financial Crime Mitigation modules; Profile, Screen, KnowCustomerPlus and Suspicious Activity Prevention, are all highly rated by both clients and industry analysts.
Transactions per hour
Years of proprietary data enhances detection with banks, cities and country identifiers
$ 50% +
Reduces bank clients TCO
< 2.5 %
False positive rate
read ovum report
“Temenos provides a specialist offering, evidenced with a strong market position, and should be considered by financial institutions looking to review their financial crime solutions.”Daniel Mayo, Chief Analyst, Financial Services Technology, Ovum
Commenting on Temenos position within the Ovum Decision Matrix: Anti-Financial Crime Management
Why Temenos Financial Crime Mitigation?
Proven Rules, Algorithms & Artificial Intelligence Combination
It provides unrivaled levels of detection, configurable to an individual bank’s specific needs.
World-Class Performance & Resilience
A number of live deployments process more than 2 million transactions per hour with 100% system availability.
Industry-leading False Positive Levels
Sophisticated algorithms, smart contextual whitelists, and robotic process automation dramatically reduce overheads and costs.
Quick & Easy Deployment, Offering Gradual Adoption & Migration
Bring products and digital initiatives to market in months, not years. Then continuously improve and measure results. Temenos Infinity is the leader in customer experience agility.
Risk-Based Approach in Financial Crime Mitigation – a Cookbook
Managing risks is the supreme discipline in banking.
With Temenos software, Alejma’a Alarabi Bank will be able to bring new retail and corporate offerings to market faster than ever, and provide a digital service that sets it apart from the competition.
Temenos solutions will help ATB launch innovative new digital products and build towards its strategic goal of increasing revenues by 40 percent in 2020.
Given Bank of Shanghai’s legacy applications were siloed by a line of business, retail and corporate, this provided the opportunity to move each line of business to the new Temenos Transact system independently of one another.
read success story
“Within the last two years using the tools from Temenos, we were able to reduce our TCO by approximately 50%, following a major project to identify our cost-saving potential by identifying gaps, centralizing as much as we could and making use of our economies of scale.”Peter Haener, Head of AML Monitoring and Surveillance Compliance – UBS
You’re in Good Company
Temenos FCM – Ensure Business Continuity and Increase Collaboration to Combat Financial Crime in an Era of COVID-19
In an era of COVID-19, combating Financial Crime is more important than ever. Join this session to find out how Temenos’ Financial Crime Mitigation is enhancing cooperation and collaboration while ensuring business continuity by providing the same solution whether you work from home or in the bank’s office.
Adam Gable, Product Director, Financial Crime, Treasury & Risk, Temenos speaking at Sibos 2019.
KYC (Know Your Customer) is becoming increasingly important in banking compliance. In 2016, Forbes reported that banks spent over $100 billion on regulatory compliance, and predicted that the regulatory costs will rise from 4% to 10% of revenue by 2021.
Cybercrime is relentless and unlikely to stop. Highly sophisticated hackers using the most advanced technology are adapting to cloud computing and artificial intelligence (AI) to commit extremely rewarding crimes with relatively low chances of being caught.
Temenos helps banks, ranging from global Tier 1s to regionals and neobanks, with its AI-powered fraud management SaaS solution that can operate seamlessly while banks’ workforce is remote.
In the first blog in this series, highlighting the Temenos Financial Crime Mitigation (FCM) Cookbook, we looked at the various risk assessments banks and FIs have to take seriously, if their Risk-Based approaches to FCM are to succeed.
Want to Get Started?
Get in touch or download our brochure.