According to a recent global payments report by McKinsey, cross-border money movement generated about a quarter of a billion US dollars in revenue in 2022, an increase of 17 per cent from 2021. The number is expected to reach half a billion over the next few years. So yes, Cross-border payments are an essential business for banks.
In Latin America, no time has ever been better than now to modernize your banking core. There are many options out there except for one—your comfort zone.
Temenos continues ‘future of money’ innovation series, demonstrating a set of banking capabilities for tokenized deposits, with on-ledger transactions settled in wholesale CBDC.
Temenos’s Highwater Benchmark puts a fictitious bank through a series of simulations and tests. The results revealed that one single instance of a single platform can support multiple banking businesses, good news for Latin American banks with an eye on BaaS (banking as a service).
The Financial Crimes Enforcement Network (FinCEN) published the “Small Entity Compliance Guide for Beneficial Ownership Information Access and Safeguards Requirements.” Senior Compliance Advisor Rachelle Dekker explains the first 2 sections of the Guide.
Temenos continues to invest in the local team and operations to support our growth as the leading banking platform provider for Australian banks and credit unions.
This year, Temenos has embarked on Temenos Leap. This is an accelerated modernization program that enables existing clients to move to the latest version of our software that is ready for the Cloud and SaaS.
In the realm of finance, where the dynamics of regulations and innovations intertwine, one might not immediately draw parallels to Shakespeare's The Taming of the Shrew.
For a region home to around 60% of the world’s unbanked population, microfinance institutions hold particular importance in Asia Pacific. They play a vital role in providing banking services to individuals and businesses without access to traditional banking channels.
Modernizing a banking core makes all the technological sense in the world. And with the right partners and capabilities, it makes even better business sense.
Recap on DORA First Batch of Technical Standards In our previous blog we addressed some of Temenos’ comments on the first batch of technical standards under DORA. These technical standards…
I recently participated in an industry roundtable discussion on aspects of Wealth Management. The panel consisted of a large international bank, an online neo bank, a FinTech and myself representing…
Unique fintech collaboration between Pannovate and Temenos brings new opportunities for banks to power up their card management capabilities.
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In the continually evolving landscape of banking and finance, one element has remained surprisingly resilient against the tides of change: the humble bank card.