Products

Temenos Regulatory Compliance

Address fraud, remain compliant with regulations and manage risk with our modular products.

Product Overview

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.

Compliance Advisory Services

Unlimited access to compliance experts and resources to help you navigate today’s complex regulatory environment.

Revised Payment Service Directive (PSD2)

Open Banking is supported both for Europe with PSD2 and more widely as the approach is rolled out in many parts of the world. PSD2 support is provided using a configurable solution ensuring that your bank can implement whichever approach you prefer from the various different implementations of the standard.

Customer Data Protection

With the arrival of customer data regulations around the world, such as GDPR in Europe, your bank needs to examine and potentially justify the personal data you hold on your customers. This solution enables your institution to define and manage this data.

Financial Crime Mitigation

A single product family designed to mitigate the full range of financial crime activities, supporting all user functions: alert manager, case management, reporting, and dashboards. Used by over 200 banks globally from very large T1 to small regional branches, Temenos’ Financial Crime Mitigation is highly rated by both clients and industry analysts.

Foreign Account Tax Compliance Act (FATCA)

FATCA is a module fully integrated into Temenos Transact, that helps Foreign Financial Institutions (FFIs) comply with FATCA legislation out-of-the-box, supporting all three phases of the requirements including client classification, withholding, and reporting.

Common Reporting Standard (CRS)

CRS is a module integrated into Temenos Transact focused on client identification, due diligence and reporting (AEoI) requirements according to the OECD Common Reporting Standards.

Markets in Financial Instruments Directive (MiFID) II

Support for MiFID II is provided covering securities trading by private individuals. This covers both the profiling of investors’ knowledge levels and compliance enforcement during order processing activities.

International Financial Reporting Standard (IFRS) 9

Temenos can help with IFRS9 for financial institutions which now have to recognize not only credit losses that have already occurred in the past but also losses that are expected in the future.

Financial Action Task Force (FATF)

Support for the FATF on Money Laundering is provided in the sanctions screening area of the Temenos solution. All payments and other messages are screened against a maintained watchlist using intelligent pattern matching to reduce the number of false positives.

Basel II & III

The Temenos Financial Risk Management solution includes a robust dataset that harnesses real-time risk data from Temenos Transact and a powerful analytical tool for Credit Risk. This provides your bank with an out-of-the-box modeling capability for computing Probability of Default (PD) and Loss Given Default (LGD) to support advanced Credit Risk requirements of Basel II & III.

Legal Entity Identifier (LEI)

The Legal Entity Identifier (LEI) is a 20-digit, alphanumeric code based on the ISO 17442 standard developed by the International Organization for Standardization (ISO). It connects to key reference information that enables clear and unique identification of legal entities participating in financial transactions.

Single Euro Payments Area (SEPA)

SEPA support is provided for EUR zone payments and associated transactions.

SWIFT

Temenos works closely with banks to ensure that the updates to SWIFT messages and the implied associated workflows are reflected in the software and are made available to our clients in plenty of time to allow for testing and live deployment.

Regulatory Maintenance

Temenos Regulatory Maintenance is a packaged service offering that offers your bank certainty over the cost and timing of solution changes which you identify as being necessary to maintain regulatory compliance.


Why Temenos Regulatory Compliance?

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Leverage Temenos’ Client Base & Experience

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.

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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.

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Turning Regulatory Change Into
Competitive Advantage

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

ABN AMRO – Success Story

Temenos has supported ABN AMRO every step of the way providing solutions for international corporate banking, private banking, and global international payments.

Bank Albilad – Success Story

To continue its rapid rise, Bank Albilad wanted to create products that make it simple for users to manage their accounts, and turned to Temenos for expert support after hearing how rapidly it could implement advanced functionality.

Banque du Caire – Success Story

To support a comprehensive digital transformation, Banque du Caire selected Temenos Infinity and Temenos Transact solutions to drive development of new cutting-edge services for its 2.9 million customers.

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“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

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