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 current release 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

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?