Remaining compliant with local regulatory and business standards is vital to financial institutions. Temenos has a wide range of product and service offerings designed to help you manage risk and remain compliant.
Why Temenos Regulatory Compliance?
Leverage Temenos’ Client Base &
Temenos leverages its wide client base and extensive experience to offer packaged toolkits and solutions to help our clients remain compliant with changing regulatory and business practice requirements.
Integrated with Temenos Solutions
All of the regulatory compliance solutions are pre-integrated into standard Temenos software, which makes their adoption and subsequent usage straightforward.
Turning Regulatory Change Into
By reducing your bank’s need to focus on implementing regulatory change, this solution frees you to focus on your business opportunities rather than spend valuable business and technology time dealing with topics that affect all banks in their market.
Customer Success Stories
TSB has won widespread recognition for its service quality, including a 2018 satisfaction rating of 88.5% and the 2019 KPMG Customer Experience Excellence Award. Not content to rest on its…
Royal Credit Union (RCU), headquartered in Eau Claire, Wisconsin was struggling with a collection system that did not properly support their 27 branches. With assets of $1.7 billion and more…
Panama ranks alongside London, Hong Kong, Geneva and Singapore as a global leader for wealth management and private banking. A stable economy, a business-friendly regulatory landscape and a high concentration…
“As the first Moroccan bank to open in China, this expansion will act as a catalyst for economic relations between Africa and China. By offering a banking platform that is already compliant with Chinese regulations, and running it on Temenos Cloud, we accelerated the launch of our operations in China. Thanks to Temenos’ model bank approach, we obtained a new banking license, and have implemented a new core banking system that meets local regulations while supporting BMCE Bank of Africa’s ambitious growth strategy.”Said Adren, General Manager at BMCE Bank of Africa
You’re in Good Company
Temenos and iovation have partnered to combat fraud with digital customer onboarding and mobile banking.
The Economist Intelligence Unit (EIU), on behalf of Temenos, surveyed 405 global banking executives on the changes they see taking place in their industry to 2020 and 2025, their organisational response, and the longer-term impact on their strategic development.
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.
Senior Compliance Advisor Matt Goble discusses the importance of documenting a mortgage customer’s intent to proceed correctly.
Our Temenos Compliance Advisory Service wants to “spice” up your third quarter by providing Lagniappe, or that “little something extra,” to all of our faithful readers. We will discuss answers to some of the interesting questions we have received on topics such as Higher Priced Mortgage Loan Appraisal rules, Flood rules, Private Flood Insurance requirements and TRID.
The first are general lender credits, not attributed to a specific charge, but lump sums credited towards the overall costs of the loan. Second are specific lender credits, which are…
Want to Get Started?
Get in touch or download our brochure.