Temenos Data Lake
Unleash the power of big data with the Temenos Data Lake to unlock the value of real-time structured and unstructured data.
Why Temenos Data Lake
Temenos Data Lake delivers a banking specific, real-time big data platform which is fully integrated with modern banking software products such as Temenos Transact and Temenos Infinity. Temenos Data Lake delivers out-of-the box, real-time, multi-source data streaming, data integration, data preparation and data optimization to empower banks with the highest quality data to power reporting, analytics, and AI-driven digital banking applications.
Temenos Data Lake is a next generation big data management product built specifically for banking. It is a foundational platform for Temenos Analytics to help banks manage and future-proof their capabilities in the ever-changing landscape of data and analytics,
It includes 4 main integrated modules:
Data Event Streaming
A highly scalable, elastic, distributed and fault-tolerant application to stream data events. It is integrated with popular streaming platforms such as Apache Kafka, Amazon Kinesis, and Azure Event Hub.
Big Data Engineering
Provides highly scalable Apache Spark based data engineering and ETL operations capabilities to the Data Lake platform. Data engineering pipelines can be built with no code, using an intuitive drag and drop web interface.
Operational Data Store
A compilation of banking specific analytical models, which can consolidate data from multiple source systems, that provides a foundation for thousands of banking analytics, dashboards, reports, APIs, and AI models.
Analytical Data Store
A compilation of banking specific analytical models, which can consolidate data from multiple source systems, that provides a foundation for thousands of banking analytics, dashboards, reports, APIs, and AI models.
Measurable Success
90 %
Reduces data integration and preparation work up to
90%
90 %
Reduce development time by up to 90% and enable efficient data science development
80 %
Reduce data platform and infrastructure costs by up to 80%
80 %
Potential reduction in risk and compliance data integration costs of up to 80%
Product Overview
Fred Cook, Chief Information Officer at BlueShore Financial, said:
“Temenos Data Lake and Temenos Analytics are mission critical for us in executing our unique strategy and differentiating our value proposition. The ability to integrate and combine many types of data is essential to gaining full business insights. The use of Temenos Analytics has enabled us to surgically execute our strategy, by defining customer micro-segments and tailoring our products and services specifically for these segments. This has led to an increase of 138% of assets under management only 8 years. Temenos Data Lake along with their integrated data engineering and analytics tools, will help us continue this aggressive growth strategy. We will now be able to blend traditional structured banking data with unstructured data such as social and voice, allowing us to find new, untapped, market opportunities.”
Martin Stiller, Analyst at IDC Financial Insights, said:
“Business and IT leaders are overwhelmed by the sheer volume and variety of data at their disposal, and the cost of managing all this business intelligence. Fragmented access to enterprise data also creates a major barrier in building connected financial services. Internally aggregated data enriched by second / third party data is going to be crucial to start offering personalized services at scale. Temenos’ Data Lake announcement brings more innovation to this market and gives banks more options to consider as they decide on their approach to leveraging big data to enhance their business.”
Related Insights
The Power of Personalization with AI
In this session, explore how BlueShore Financial is approaching strategic growth through a number of recent initiatives. In the midst of the pandemic, they completed a core upgrade, ensuring their systems are ready for the future, and remained hyper-focused on their customers, using AI to evaluate changes in income and behavior to ensure personalized assistance was available if/when it was needed.
Scaling Digital Banking Channels for Growth – Securely
Join Peter DeMars, CFE UMB Bank, Adam Miller, Temenos and Matt Johnson, TransUnion as they discuss growing consumer expectations for seamless and safe transactions through digital channels amid the recent COVID-19 pandemic and how financial institutions are rising to the challenge.
Coronavirus Financial Health Pulse Survey Webinar
In these times of uncertainty, people everywhere are looking inward to ask difficult questions about their financial health and future. Join a timely webinar to review survey data sourced between February 28 and March 14, 2020 that illustrates the financial health pulse of consumers of all ages and income levels in the face of COVID-19.
Latest News
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We all know that disruptive technologies like Cloud/SaaS, Microservices, APIs and AI are having a profound impact on the way banking services are delivered and consumed today. This is leading to the twin trends of digital and open banking, and hence changing the very structure of the banking value chain. Meanwhile, non-traditional entrants like the technology giants, neo-banks and fintechs, are leveraging these technologies to compete in banking, and that too with a cost base 30-60% lower than incumbent banks.
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We must do more to co-ordinate and accelerate smart data.
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