When your bank has signed up for Regulatory Maintenance, the cost is fixed in advance. Notify Temenos that a change is needed to the software and we will commit to making these changes on agreed delivery date.
Maintain the Regulatory Relationship
Your bank remains the regulated entity, and still has the responsibility and oversight for the relationship with the regulator.
Efficiency Through Scale
Where possible, we will combine the compliance work for several banks to provide a generic, yet flexible solution, allowing for different interpretations of the regulation and accelerating overall delivery.
Open banking which is based on data sharing, is an unlikely short-lived trend and is gaining momentum in Asia Pacific. In this white paper, a joint venture by Microsoft, Linklaters and Accenture, explores the various drivers behind open banking in Asia Pacific, as well as the challenges financial institutions and regulators will have to address to ensure all participants can reap the benefits.
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.
Learn the 7 elements in the definition of Private Flood Insurance Understand how the Compliance Aid can assist your institution Utilize Implementation Tips to aid your institution in complying with…