Latest news with #Temenos'
Yahoo
4 days ago
- Business
- Yahoo
Temenos Named Best Core Banking System at Banking Tech Awards USA
Prestigious industry award recognizes Temenos' US banking capabilities and innovation GRAND-LANCY, Switzerland, June 02, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN), a global leader in banking technology, today announced it has received the award for Best Core Banking System at the Banking Tech Awards USA 2025. These prestigious industry awards recognize the cutting-edge innovations and outstanding achievements driving the future of banking technology across the United States. With its best-of-suite core banking and modular core solutions, Temenos offers US financial institutions choice, flexibility and a proven path to banking modernization – all underpinned with cloud-native architecture, and embedded AI. Trusted by over 950 banks around the world, Temenos' core banking software can be deployed on-premises, in the cloud, or as SaaS. US financial institutions using Temenos also benefit from robust regionalization, pre-configured banking capabilities for the US market, and a Model Bank framework which enables faster, more cost-efficient implementation. Rodrigo Silva, President Americas, Temenos, commented: 'Winning this major award demonstrates the strength and depth of Temenos' US banking capabilities, as well as our continued investment in this strategic growth market, which is helping to drive innovation in the US banking industry. With its advanced functionality, US-specific capabilities and flexible deployment options, Temenos is a compelling choice for US financial institutions.' Temenos has further strengthened its commitment to innovation for the US market with the announcement of a new Innovation Hub in Central Florida. This modern, collaborative space will be home to around 200 technology and product developers, enabling co-innovation with US financial institutions and fueling cutting-edge research and development for US-specific solutions. Investing around 20% of revenues in R&D, Temenos continues to enhance its core banking suite. Recent innovations include the launch of a Gen AI Copilot to help financial institutions design, launch, test and optimize financial products faster. The tool makes it easier for banking employees to access the full breadth of Temenos' core banking functionality in a simple, conversational way. This builds on Temenos' existing leadership in AI, with its launch of the first Responsible Generative AI solutions for core banking in 2024. Temenos was also named a Leader in the IDC MarketScape for North America Digital Core Banking Platforms 2024 Vendor Assessment and in the The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024. CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Business
- Yahoo
Temenos launches Gen AI Copilot for banks to deliver better products faster
New Temenos Product Manager Copilot unlocks the full innovation potential of Temenos' core banking solutions MADRID, Spain, May 20, 2025 (GLOBE NEWSWIRE) -- At the Temenos Community Forum '25 in Madrid, Temenos (SIX: TEMN), a global leader in banking technology, today launched the Temenos Product Manager Copilot, empowering banks to design, launch, test and optimize financial products faster using Generative AI. Temenos Product Manager Copilot is a Gen AI assistant that integrates Microsoft Azure OpenAI Service and is embedded within the Temenos Retail core banking solution. It provides a simple, conversational way for product, IT and Customer Service managers to explore the full breadth of Temenos' core banking functionality and data insights, helping banks design and launch retail products faster, easier, and make them more relevant to their customers. Temenos Product Manager Copilot is offered as part of Temenos retail accounts advanced and enterprise product offerings. Temenos core banking solutions are trusted by over 950 banks worldwide, from large multinational institutions to smaller regional banks. Temenos core banking offers extensive out-of-the-box functionality and a comprehensive suite of pre-configured products. With Temenos Product Manager Copilot, product managers can leverage either the built-in user agents or interact through familiar channels like Microsoft Teams for building, testing and launching new products. This Gen AI tool also allows them to quickly gain business insights without having to write complicated queries from their core banking data and drive strategic decisions. Integrating Azure OpenAI Service enables Temenos Product Manager Copilot to surface insights from the bank's core data, documentation and regulatory landscape. The solution is flexible by design to allow easy integrations with new AI agents based on bank-specific data sources, as well as existing AI agents already in use. In addition, Azure OpenAI Service provides enterprise-class availability, scaling, security and confidentiality for customer data. According to a recent study for Temenos, three quarters (75%) of banks are exploring Gen AI deployment with 36% having already deployed or in the process of deploying it. Additionally, 73% believe that agentic AI will be transformative for the banking industry. Barb Morgan, Chief Product and Technology Officer, Temenos, commented: 'Temenos Product Manager Copilot unlocks the full innovation potential of Temenos core banking using Generative AI to help banks deliver better products faster to their customers. We are excited to bring this game-changing technology to financial institutions globally. In an era where fintechs and neobanks can launch new offerings within weeks, it is critical for banks to accelerate innovation or risk losing relevance in an increasingly competitive landscape.' Temenos has a strong customer-focused approach and developed Temenos Product Manager Copilot in collaboration with its Design Partner clients, including Banque Internationale à Luxembourg. Christine Huberty, Deputy CIO, Banque Internationale à Luxembourg, said: "We're excited about the new capabilities of Temenos Product Manager Copilot. The conversational interface will make it easier to access core banking functionality and data, helping bank staff work more efficiently and launch products faster to market. We value our ongoing collaboration with Temenos and the opportunity to contribute to this innovation." Clare Barclay, Corporate Vice President, Enterprise, Industry and Software Development Partners, Microsoft, added: 'Azure OpenAI integration enables trusted, enterprise-grade AI experiences across industries. Through our collaboration with Temenos, banks can now harness the power of generative AI to accelerate product innovation, enhance customer engagement, and operate with greater agility and intelligence.' General Availability for Temenos Product Manager Copilot is scheduled for Q4 2025. Financial institutions can register interest for early access via the Temenos Contact Us page. CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in to access your portfolio
Yahoo
20-05-2025
- Business
- Yahoo
UK's Moneycorp selects Temenos SaaS to scale global business
UK-based international payments provider adopts Temenos SaaS to increase operational efficiency and quickly launch new services around the world MADRID, Spain, May 20, 2025 (GLOBE NEWSWIRE) -- Temenos (SIX: TEMN) today announced that Moneycorp, a leading global payments and FX platform, has selected Temenos to power their next phase of products and services offering. The UK headquartered payments and FX specialist will adopt Temenos SaaS for core banking and payments to achieve speed to market and scale efficiently as it expands products and services around the world. By moving to Temenos SaaS, Moneycorp can focus on business growth while benefiting from advanced wallet and payments capabilities to deliver an enhanced client experience on a scalable, secure service. Moneycorp operates globally, with offices in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for corporates, financial institutions and private clients. In 2023, the company handled £71bn in trading volume serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals. With 63 regulatory permissions worldwide, the group processes over 1 million payments annually, reaching 190 countries. With multi-geographic support, Moneycorp can seamlessly roll out new capabilities worldwide, leveraging a build-once, deploy anywhere approach across different regulatory jurisdictions. By utilizing Temenos Model Bank with pre-configured banking functionality and country-specific localization, Moneycorp will achieve faster time to value while reducing costs and delivery risk. Temenos' open, API-based architecture will simplify integration with Moneycorp's ecosystem, further accelerating innovation and enhancing operational agility. Srini Kasturi, Group Chief Technology Officer, Moneycorp, said: 'Best-in-class technology is key to delivering the seamless client experience and personalized service that Moneycorp is known for, so we're delighted to partner with Temenos, an established global leader in banking technology. Temenos' multi-country support and localization will enable us to launch new solutions quickly around the world, while running on SaaS will help us to scale efficiently while maintaining our focus on delivering our award-winning, easy to use service to customers worldwide.' Mark Yamin-Ali, Managing Director, Europe, Temenos, commented: "We're proud to partner with Moneycorp, a U.K. success story and world leading cross-border payments provider. This strategic transformation which will see Temenos underpin Moneycorp's core banking and payments ecosystem across its global operation. Moneycorp sought a SaaS solution with deep functionality and the latest technology—capabilities only Temenos could deliver—along with our expertise in Western Europe and the U.S. We look forward to working with Moneycorp to drive the next phase of their impressive growth story.' CONTACT: Scott Rowe Temenos + 44 (0) 20 7423 3857 in to access your portfolio
Finextra
20-05-2025
- Business
- Finextra
UK's Moneycorp selects Temenos SaaS to scale global business
Temenos (SIX: TEMN) today announced that Moneycorp, a leading global payments and FX platform, has selected Temenos to power their next phase of products and services offering. 0 The UK headquartered payments and FX specialist will adopt Temenos SaaS for core banking and payments to achieve speed to market and scale efficiently as it expands products and services around the world. By moving to Temenos SaaS, Moneycorp can focus on business growth while benefiting from advanced wallet and payments capabilities to deliver an enhanced client experience on a scalable, secure service. Moneycorp operates globally, with offices in Europe, North America, South America, and Asia, facilitating payments and foreign exchange transactions for corporates, financial institutions and private clients. In 2023, the company handled £71bn in trading volume serving 11,000 B2B clients, 250 financial institutions, and over 23,000 individuals. With 63 regulatory permissions worldwide, the group processes over 1 million payments annually, reaching 190 countries. With multi-geographic support, Moneycorp can seamlessly roll out new capabilities worldwide, leveraging a build-once, deploy anywhere approach across different regulatory jurisdictions. By utilizing Temenos Model Bank with pre-configured banking functionality and country-specific localization, Moneycorp will achieve faster time to value while reducing costs and delivery risk. Temenos' open, API-based architecture will simplify integration with Moneycorp's ecosystem, further accelerating innovation and enhancing operational agility. Srini Kasturi, Group Chief Technology Officer, Moneycorp, said: 'Best-in-class technology is key to delivering the seamless client experience and personalized service that Moneycorp is known for, so we're delighted to partner with Temenos, an established global leader in banking technology. Temenos' multi-country support and localization will enable us to launch new solutions quickly around the world, while running on SaaS will help us to scale efficiently while maintaining our focus on delivering our award-winning, easy to use service to customers worldwide.' Mark Yamin-Ali, Managing Director, Europe, Temenos, commented: "We're proud to partner with Moneycorp, a U.K. success story and world leading cross-border payments provider. This strategic transformation which will see Temenos underpin Moneycorp's core banking and payments ecosystem across its global operation. Moneycorp sought a SaaS solution with deep functionality and the latest technology—capabilities only Temenos could deliver—along with our expertise in Western Europe and the U.S. We look forward to working with Moneycorp to drive the next phase of their impressive growth story.'
Yahoo
01-05-2025
- Business
- Yahoo
Temenos adds Zest AI credit and fraud tech to loan origination system
Zest AI has integrated its AI-driven credit decisioning and fraud detection systems with the Temenos Loan Origination system. This collaboration aims to provide traditional financial organisations in the US with advanced tools to enhance loan approval rates while ensuring effective risk management. In a statement, Zest AI said its technology can evaluate 'thousands' of data points, surpassing the capabilities of conventional credit models, which leads to improved accuracy and efficiency in lending decisions. Furthermore, the Zest Protect system is designed to detect fraudulent applications in real-time, ensuring that the customer experience remains uninterrupted. This feature enables financial institutions to tailor their security measures according to their specific risk tolerance. Temenos chief product officer Sai Rangachari said: 'The native integration with Zest AI addresses both challenges and is equipping the many credit unions and community banks across North America choosing our lending platform with AI capabilities previously available only to the largest financial institutions.' The Temenos Loan Origination solution is adaptable for both direct and indirect lending, offering 'advanced automation' and the ability to integrate seamlessly with third-party services. Financial institutions that adopt Zest AI's underwriting solutions can automate between 60% to 80% of their lending decisions and expect a reduction in charge-offs by 20%, the firm claimed. This integration is expected to enhance operational efficiency and profitability for lenders, allowing them to provide quicker decisions with improved security measures. Zest AI CEO Mike de Vere said: 'Temenos' robust market presence and technological infrastructure provide the foundation to help offer more banks and credit unions our AI tools. 'Together, we're creating a powerful combination that enables banks and credit unions to compete with fintechs while helping expand access to credit to people that traditional models often overlook.' In December 2024, Zest AI secured $200m from Insight Partners to enhance its product portfolio, emphasising fraud protection and generative AI in lending. "Temenos adds Zest AI credit and fraud tech to loan origination system" was originally created and published by Retail Banker International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
