Products

Temenos Regulatory Compliance

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

Why Temenos Regulatory Compliance?

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.

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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 practise 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.

Temenos Events On-Demand

Watch Temenos Regulatory Compliance videos from Temenos 2020 events on-demand now.

Product Overview

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.

Revised Payment Service Directive (PSD2)

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.

Customer Data Protection

Since the arrival of personal data regulations such as the GDPR, it is more important than ever that financial institutions process personal data accordingly to prevent data breaches. Temenos’ solution assists clients to identify and process personal data in accordance with data protection obligations.

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 leverages on its fully integrated architecture to provide a comprehensive and flexible solution to help banks with the challenges of the adoption or transition to IFRS9.

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. In addition, the system automates the identification of possible breaches and enables the bank to investigate and efficiently manage the case to a successful conclusion.

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 modelling capability for computing Probability of Default (PD) and Loss Given Default (LGD) to support advanced Credit Risk requirements of Basel II/III and IFRS9.

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). The LEI module supports the Temenos software for management and validation of customer’s LEIs in Temenos Transact. The LEI directory component can be populated from an external source(s) for validation during KYC and client on-boarding checks.

Single Euro Payments Area (SEPA)

SEPA support is provided for EUR zone payments and associated transactions, covering all instrument i.e. SEPA Credit Transfers, SEPA Direct Debits, and SEPA Instant.

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.

Country Model Banks

Temenos Country Model Banks solutions enable banks to comply with local regulations and business practices at a lower cost. Providing targeted functionality, interfaces and configurations in reusable components, implementation times and product time-to-market can be reduced, enabling banks to focus on providing the differentiators to make them stand out from the market.

Financial Risk Management

Temenos Financial Risk Management provides banks with the ability to comply with complex risk and regulatory requirements and run sophisticated risk analytical models. Temenos’ Risk solution delivers results that enable risk-informed decisions to ensure greater efficiency and transparency at a reduced cost.

Definition of Default

Temenos New Definition of Default provides a fully integrated modular product solution to help firms address the challenges of complying with prudential rules for calculating capital adequacy within the broader context of credit risk management.


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

Latest Insights

Video

Explaining Explainable AI in Financial Crime Mitigation

According to a global survey conducted by the Economist Intelligence Unit (EIU) on behalf of Temenos, two-thirds of banking executives believe that new technologies such as AI, machine learning will continue to have the greatest impact on the global banking sector in the next five years. AI can deliver huge benefits in financial services, particularly in the area of combatting financial crime and assisting with alert evaluation where it can deliver a significant return on investment. In acknowledgment of this, regulators are encouraging innovation, including harnessing new technologies, however, with caution that decisions need to be explainable and auditable. Join Professor in AI Hani Hagras, and Adam Gable in this session to learn why there does not need to be a trade-off between the accuracy of predictions and the ability to explain them. Find out how you can use Temenos Financial Crime Mitigation as a “plug in” service to offer real-time fraud, AML and sanctions screening to your payment and product offerings, helping you to better protect your organization in the digital age and reduce timely and costly overheads, powered by Temenos’ industry-leading Explainable AI platform.

Video

Key Challenges and Opportunities of ISO 20022

Over the coming years, some of the key payments rails in North America will undergo radical transformations to ISO 20022 based standards and transaction services. Affecting both domestic and cross border flows, these changes will impact many areas of processing, from payment order intake to transaction orchestration and execution, to clearing and settlement, to customer reporting, etc. In this discussion, we will highlight some of the key challenges and opportunities to be addressed based on learnings and insights gained from other markets around the world where similar transformations have taken place. What are the key capabilities required to address these challenges and thus reduce the risks and impact on your business?


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