Banks must invest in their internal capabilities to leverage the external innovations and services that can help them to meet the G20’s goals on cross-border payments
Loyal customers today will stay loyal tomorrow if they maintain satisfaction and trust in their bank or lender. Change is inevitable, but those who future-proof for uncertainty with the right technology will win.
Technology can deliver better outcomes, provide engaging customer experiences and that ultimately, it can help to provide a wealth management industry that can cater to all.
Banks should aim to meet the G20’s targets, even though they are aspirational, to stay relevant in the evolving and increasingly competitive world of cross-border payments
The business benefits of a diverse workforce are undeniable. Companies as diverse as their customer base are poised to succeed, because they understand and can connect with customers better.
Payments have been a strong source of revenue for financial institutions and contribute to the top line. Though payments represent opportunities for growth, but it also represents substantial cost in context of regulations and technology stack. Growth opportunities that banks, and even large-scale ups and large fintech have, can be segregate it in broadly three segments: Domestic, Regional and International.
With digital assets growing in popularity, customers are looking to their trusted financial institutions for secure access and safekeeping. With full integration to the Taurus-PROTECT digital asset platform, banks running Temenos are now well equipped to quickly offer a wide range of digital asset services.
Artificial Intelligence (AI) is no longer a distant promise; it is here, revolutionizing industries across the globe. From streamlining processes to enhancing customer experiences, AI’s role in improving borrower-lender interactions is just as critical as its operational efficiencies. During the recent Temenos Regional Forum, industry leaders delved into how AI is reshaping the landscape, offering unparalleled opportunities.Â
To assist financial institutions in combating the rising Elder Financial Exploitation, the Regulatory Agencies have recently issued an Interagency Statement on Elder Financial Exploitation. Senior Compliance Advisor Rachelle Dekker discusses the various examples of Elder Financial Exploitation and ways financial institutions can mitigate risks in the war against this type of exploitation.
AI’s impact on the wealth management industry will be far-reaching, but drawing all its benefits will require a balancing act. Just because you can, does not always mean you should.
As the corporate lending market accelerates toward a projected $7.88 trillion by 2030, banks face a pivotal moment to modernize operations and address challenges like inefficiencies, human capital attrition, and rising costs. By embracing technologies like APIs, cloud, and SaaS, financial institutions can streamline processes, enhance decision-making, and position themselves for sustainable growth in 2025 and beyond.
Technology is revolutionizing asset finance, improving efficiency, addressing challenges such as asset depreciation and credit risk, and replacing legacy systems with flexible, cost-effective solutions for businesses and lenders.
Digital payment apps have rapidly transformed from a convenience to an essential financial tool for millions of consumers. Vice President Product Compliance Manager Matt Goble discusses the CFPB’s final rule aimed at extending federal oversight to the largest nonbank companies offering digital payment and wallet apps.
Everything we do is for our clients, so it’s vital that we are able to demonstrate how every engineering improvement, every architectural development, and every technology decision makes us who…