Banking software provider Temenos unveiled new composable banking services and capabilities on the Temenos Banking Cloud.

The new services are aligned with the Banking Industry Architecture Network and include pre-configured and pre-assembled Temenos banking capabilities.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

They also come with optional integrated third party solutions from Temenos Exchange.

The composable banking services are aimed at enabling banks and non-banks to quickly launch new offerings while reducing the cost of development.

The new services include retail lending, buy-now-pay-later, KYC customer risk assessment and payment fraud mitigation.

Temenos plans to include services such as digital mortgage and demand deposit accounts soon.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The services can be deployed by clients on their premise or on Temenos’ cloud or any public cloud irrespective of the size and location of the bank.

Larger lenders can select services they want to integrate into their systems. These include lending, deposits, and accounts/virtual accounts.

Temenos CEO Max Chuard said: “Banks are still burdened by legacy systems, which make it very risky, costly and slow to provide a differentiating and personalised, omnichannel customer experience.

“Our industry-leading platform enables banks to open up to fintechs and partners, rapidly digitalise their processes, and deliver hyper-personalised experiences. We are giving banks the business agility and speed to improve their operations, lower their costs up to 75% and build sustainable businesses.”

Banking-as-a-service providers such as Green Dot, Mbanq and Vodeno are also looking to expand their offerings using Temenos’ new service.