Leveraging APIs and ISO20022 in Payments
Temenos Regulatory Compliance

Temenos Regulatory Maintenance

Temenos Regulatory Maintenance allows our clients to enjoy certainty that regulatory compliance and key market standard changes will be applied to their Temenos solutions. It assists and accelerates the pace at which banks can implement the required software changes in a timely manner, that result from the ever-shifting regulatory environment.

Why Temenos Regulatory Maintenance

Gain Certainty

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.

Service Overview

Enjoy Certainty

Covering changes to existing regulations and key market standards that are currently supported in our products. Currently we have close to 180 regulatory applicable modules

Flexible and Configurable

Software updates are provided in a flexible and configurable manner to enable differing interpretations of the implementation of the regulation

Cover Temenos Products

Applicable for all Temenos products where a ‘regulatory supporting’ module exists

Easy to Apply

Regulatory changes are easy to apply since release upgrade is not required. Changes will be delivered to the supported releases and the prior two supported releases, while changes are also covered during implementation and post-go-live.

Major Areas Covered

Examples of major areas covered: SWIFT Standards, SEPA, TARGET2, local clearings, FATCA, CRS, IBAN, IFRS9, GDPR, PSD2, FATF, MiFID II and local regulations