Temenos has been all around the fintech headlines in latest days. Right here’s a take a look at what’s put them—and stored them—above the fold.
First up, the corporate introduced that UK-based worldwide funds supplier Moneycorp has chosen Temenos SaaS to spice up operational effectivity and launch new choices sooner—a theme on this roundup of reports from the Swiss fintech. Moneycorp will leverage Temenos SaaS for core banking and funds and is particularly seeking to reap the benefits of the expertise’s superior pockets and funds capabilities because it focuses on increasing its services globally. Moneycorp presently operates in Europe, North America, South America, and Asia.
“Finest-in-class expertise is vital to delivering the seamless shopper expertise and customized service that Moneycorp is thought for, so we’re delighted to accomplice with Temenos, a longtime world chief in banking expertise,” Moneycorp Group Chief Expertise Officer Srini Kasturi mentioned. Kasturi praised the corporate’s multi-geographic help and localization, in addition to the SaaS nature of the platform, which he mentioned would assist Moneycorp rapidly go to market globally and higher serve its worldwide clients.
Moneycorp dealt with £71 billion in buying and selling quantity in 2023, serving 11,000 B2B shoppers, 250 monetary establishments, and 23,000+ particular person clients. The agency processes a couple of million funds a 12 months, reaching 190 nations.
Along with the brand new partnership, Temenos additionally introduced new personnel in its C-suite. The corporate launched Rohit Chauhan as its new Chief Expertise Officer earlier this month. Chauhan will lead improvement of the corporate’s general expertise technique, innovation, analysis, and improvement. On this position, he might be tasked with boosting the pliability of the Temenos platform to advance the corporate’s core banking and modular options for monetary establishments massive and small. Chauhan was most not too long ago Managing Director and World Head of Digital Channels Expertise at JPMorgan, the place he held numerous management positions for greater than 12 years.
Accompanying Chauhan’s announcement was the appointment of Eugene Khmelevsky within the newly created position of Temenos World Head of Structure and Knowledge. Previously Chief Cellular Architect at JCPenney, Khmelevsky in his new position will guarantee Temenos’ structure and knowledge basis help a product technique that’s modular and versatile.
Each Chauhan and Khmelevsky might be primarily based out of the US and report back to Temenos’ Chief Product and Expertise Officer (CPTO) Barb Morgan.
Lastly, Temenos launched its Temenos Product Supervisor Copilot this week. The brand new providing empowers banks to make use of Generative AI to design, launch, take a look at, and optimize monetary merchandise sooner. The answer is a Gen AI assistant that’s built-in into Microsoft Azure OpenAI Service and embedded throughout the Temenos retail core banking resolution. The Copilot offers a simple, conversational interface for product, IT, and customer support managers, who can use the expertise to evaluation the vary of Temenos’ core banking capabilities and insights.
The brand new providing announcement was accompanied by a report from a latest Temenos research that indicated that 75% of banks are investigating Gen AI deployment. Of these surveyed, 36% had already deployed the expertise or have been within the technique of deploying it. The research additionally revealed that 73% of these surveyed believed that Agentic AI might be “transformative for the banking trade.”
“Temenos Product Supervisor Copilot unlocks the total innovation potential of Temenos core banking utilizing Generative AI to assist banks ship higher merchandise sooner to their clients,” Temenos CPTO Barb Morgan mentioned. “We’re excited to carry this game-changing expertise to monetary establishments globally. In an space the place fintechs and neobanks can launch new choices inside weeks, it’s crucial for banks to speed up innovation or danger shedding relevance in an more and more aggressive panorama.”
Based in 1993 and headquartered in Geneva, Switzerland, Temenos has been a Finovate alum since its debut at FinovateEurope 2013. The corporate can be an alum of Finovate’s developer convention, taking part in FinDEVr Silicon Valley in 2015. Temenos provides core banking, digital banking, funds, and wealth administration providers, in addition to monetary crime mitigation options. Temenos has greater than 950 core banking and 600 digital banking shoppers world wide, and is among the many largest software program corporations in Europe. Jean-Pierre Brulard is CEO.
Photograph by Anokhi De Silva on Unsplash
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