Large banks are burdened by their legacy infrastructures. The cost and associated risk of replacing these complex systems, which have been customized over decades, is high. However, these outdated systems are making banks suffer high operational costs, high risk of outages, and a lack of agility that prevents them from bringing innovative, personalized products to market. The urgency for digital transformation has never been greater.
Customers have become more discerning and less loyal; they shop around for better deals from multiple providers. Temenos Transact Core Banking software enables banks to introduce new products using capabilities drawn from all sectors and hence continue to produce services and offers which are relevant, attractive, and innovative, hence increasing customer loyalty and making it easier to acquire new customers.
|11:00 – 11:05 AM||Welcome Note|
|11:05 – 11:25 AM|
Reshape the future of core banking with Temenos Transact
|11:25 – 11:30 AM||Survey|
|11:30 – 12:00 PM|
Panel discussion: Reaping the benefits of Core Banking Transformation
|12:00 – 12:15 PM||Q&A|
Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 500 million banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.
Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.
For more information, please visit www.temenos.com.
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