The complexity of products, processes and transactions in corporate banking has so far resulted in relatively lower levels of digitization compared to retail. Yet business owners increasingly expect simple, holistic processes and a seamless customer experience.

Open banking provides a unique opportunity for banks to meet this need, by enabling increased automation and personalization of services for business customers. At the same time, it enables banks to move beyond traditional banking activities and open up new revenue streams through Banking-as-a-Service (BaaS).

 

Find out more about the opportunities in open banking for corporates and SMEs in this whitepaper.

About the Author

Kanika Hope is the Chief Strategy Officer, leading Temenos’ global business strategy with responsibility for market intelligence, strategic sales support and value-based selling. Kanika joined Temenos in 2015 as Global Strategic Business Development Director and she laid the foundation of value selling in Temenos. She established the renowned Temenos Value Benchmark program and an influential series of thought leadership insights on strategic banking issues and trends.

Kanika has nearly 30 years experience in banking technology and operations and has held senior roles within SAP, McKinsey and General Electric. Kanika holds an MBA from the Indian Institute of Management, Bangalore.

 

Temenos advances platform capabilities to accelerate Banking-as-a-Service

Temenos is the banking platform of choice for embedded finance, enabling licensed banks and BaaS providers to offer BaaS to brands and fintechs

Want to harness the power of BaaS?

From retailers and airlines, to ride-sharing apps and coffee chains, brands are embedding financial services into their online and mobile offerings to increase revenues, build customer loyalty and gain deeper insights about them.

The adoption of SaaS and Cloud technology offers four tangible priorities for banks: growth, costs, trust, and ESG (Environmental, Social, and Governance). By embracing SaaS, banks can concentrate their efforts, resources, and investments on creating value for their customers and institutions while relying on their provider for technology operations and managed services expertise. But what have been banks’ experiences so far, what have they learnt and how has their growth, cost, trust and ESG efforts been impacted?

What you’ll learn:

• Bankers said innovation and speed to market were voted the main drivers of growth in banking, learn how SaaS can help you unlock these priorities
• How banks like Commerce Bank and Export Finance Australia tackle the investment business case for Cloud and SaaS with their stakeholders
• The value of trust in banking and how banks can demonstrate customer trust through their SaaS provider’s security, privacy, regulatory, and governance principles, more efficiently than they could ever manage alone
• How the right technology provider can support your ESG initiatives achieving not only your sustainability goals but also influencing stakeholder perceptions.

72% of banking executives say incorporating Cloud will help achieve their business objectives.

Related events

Temenos at Sibos 2023

18 – 21 Sep, 2023

Stand D30, MTCC Toronto

Book a meeting

Omdia, a leading technology analyst and consulting firm, recognized Temenos as a market leader in the report, “Omdia Universe: Digital Banking Platforms 2023.”  This leadership position was based on Temenos’ combination of market impact, solution capabilities and customer experience. 

• Omdia recognizes Temenos’ on-going R&D investments and the quality and quantity of solution features provided off-the-shelf. 
• According to Omdia, Temenos’ Digital Banking Platform scored highly for its adaptability and achieved top-three scores for solution capabilities and customer experience. 
• Today, Temenos Digital Banking (Infinity) is used by over 850 banks helping them transform customer experience and increase digital revenues by up to 5x.

With Infinity and Temenos Banking Cloud, banks have the choice of opting for a full-featured digital banking engagement platform via Infinity, or they can choose to consume these capabilities as SaaS via Temenos Banking Cloud. Temenos has a global customer base, supporting banks in every region of the world, and is able to accommodate banks of all types with recent Infinity enhancements providing the universal bank with upgrades to its wealth management and corporate/trade finance digital capabilities. Infinity scored consistently well in all areas, thanks to a comprehensive platform that can be adapted for all types of bank or geography, which contributed to the vendor achieving the highest score for market presence.”

Philip Benton, Principal Analyst, Omdia.

Download Report: