Highlights from the
Temenos Regional Forum ASEAN
Graphic 1 – Temenos Regional Forum 2024 (ASEAN) attended by over 250 banking professionals from Asia Pacific.
The recent Temenos Regional Forum ASEAN in Jakarta brought together over 250 banking professionals to discuss the future of the banking industry. Featuring Temenos partners, including RedHat, Deloitte, AWS, Bahwan Cybertek, Systems Ltd, Abris, Microsoft, Uniken, Fortress Data Services, and Aspire Systems, it was a highly anticipated event for the banking industry in the region.
I had the privilege during the event to take stock of what we have accomplished so far in our innovation journey, partnering with some of the leading banks within the Indonesian banking industry.
Our partner-first approach to support clients in over 150 countries across all banking segments, including retail, corporate, and wealth management, has helped us to scale up a strong regional presence to serve our banking clients across the Asia Pacific, from incumbents to new digital challengers. We are also proud to be able to partner alongside Bank Syariah Mandiri (BSI), the largest Islamic bank in Indonesia, for their retail and microfinancing needs for Indonesia.
Graphic 2 – Bank Syariah Indonesia (BSI), one of the largest Islamic banks in Indonesia, has a vision to be a top 10 global Islamic bank serving over 20 million customers. It won the Banking Modernization Award @ Temenos Regional Forum 2024 (ASEAN).
William Moroney, Chief Revenue Officer at Temenos, spoke about our collaboration with global banks, enabling the financial services sector to leverage advanced technologies such as Generative AI, SaaS, and Digital to increase business agility and deliver enhanced customer experiences. He highlighted Temenos Leap, a new holistic modernization program. Leap enables Temenos clients to move quickly and seamlessly to the latest Temenos platform so they can take advantage of our most up-to-date banking technology and be ready for a move to the cloud or to SaaS. William concluded by showcasing Temenos’ accolades in the sustainability space, with some of the significant milestones that Temenos has accomplished in helping the global banking industry become more sustainable.
Graphic 3 – Temenos accolades amongst the top ESG global indices and ratings.
During the forum, we had the privilege to host a panel on “ASEAN Banking Trends and Opportunities,” moderated by Foo Boon Ping, President of The Asian Banker Global. Distinguished panelists included Yosamartha, Deputy Director of Payment System Policy Department at Bank Indonesia; Ravi Srinivivasa, Business Transformation Director at Deloitte Singapore; Rully Feranata, Senior VP of IT Strategy & Governance Division Head at PT AlloBank Indonesia Tbk, and Frankie Wai, Business Solution Director APAC at Temenos.
Pak Yosamartha highlighted three aspects of banking trends in ASEAN: infrastructure, industry, and innovation. Infrastructure focuses on cybersecurity, industry on strengthening the role of non-banks, and innovation on enhancing financial inclusion. The session also emphasized the need for banks to innovate and adapt to challenges such as geopolitical tensions and high debt, underscoring the importance of technology in seizing future opportunities.
Graphic 4 – Industry Keynote: ASEAN Banking Trends and Opportunities with Moderator: Foo Boon Ping, President, The Asian Banker Global, and Distinguished Panelists: Pak Yosamartha, Director, Payment System Policy Department, Bank Indonesia, Ravi Srinivasan, Business Transformation Director, Deloitte Singapore, Rully Feranata, SVP, IT Strategy & Governance Division Head, PT AlloBank Indonesia, Tbk, Frankie Wai, Business Solutions Director, APAC, Temenos
In a session on Generative AI, Ermes Dajko, Senior Cloud Solutions Architect at Temenos, outlined how generative AI can transform banking by improving decision-making through rapid data extraction and insights for accurate decisions. He also discussed compliance by analyzing regulatory texts to reduce workload and costs, personalizing services based on individual needs, and ensuring security by emphasizing the need for banks to control their data and AI models. Ermes advocated integrating generative AI to redefine customer relationships and enhance operational efficiency.
Other highlights from Temenos Regional Forum ASEAN included the latest digital solutions for business banking. These include onboarding tools, digital banking services, and an AI-powered Smart Banking Advisor to help manage cash flow and costs. We also introduced new core banking capabilities for asset financing, aimed at providing businesses more accessible access to various financing options designed to improve financial management and support business growth digitally.
On the corporate banking front, we highlighted changes in the economic and geopolitical landscape affecting supply chain financing and the need for resilience and digital innovation in business processes. At Temenos, we offer a comprehensive solution designed to optimize the management of working capital and liquidity invested in supply chains. This places the bank as the central hub of supply chain finance, enabling a customer-centric approach to delivering flexible and innovative solutions to the market.
Another key highlight from ASEAN forum was Temenos Enterprise Services. In today’s fast-paced world, banks are looking for solutions that can leverage today. Temenos Enterprise Services offer pre-packaged, pre-configured and end-to-end banking capabilities, allowing for rapid delivery and agility. With over 120 pre-configured products, processes and 700 APIs, temenos Enterprise Services enable banks to reduce modernization cost, complexity and risk and accelerate time to value. We developed these end-to-end services as a response to the need for a rapid deployment banking engine that can give banks the edge that they need to outperform and outpace the competition in the hyper-competitive banking landscape that is today’s banking industry.
We were also proud to host Cyrus Daruwala, Global MD, FSI at IDC and Board Advisory – ASEAN Economic Forum. In his keynote – “Banking Trends & Opportunities”, Cyrus highlighted critical developments in the financial services landscape in ASEAN, particularly in Indonesia. He noted an increasing trend towards economic closure due to geopolitical tensions and trade disputes, affecting the movement of talent, goods, and financial services. He also emphasized the need for financial institutions to adapt to rapid changes in technology, user behavior, and regulations, focusing on modernizing core systems and leveraging AI and data management.
Graphic 5 – Cyrus Daruwala, Global MD, FSI at IDC and Board Advisory – ASEAN Economic Forum sharing the Day 2 Industry Keynote – “Global Banking Trends & Opportunities” @ Temenos Regional Forum 2024 (ASEAN)
In his keynote, Riko Wardhana, Head of Digital Banking Group at PT Bank Syariah Indonesia Tbk, predicted a significant increase in banking transactions. While mobile banking was previously used primarily for transfers, it is now being used for purchasing tickets, shopping on e-commerce platforms, and more. Additionally, personalization will be a future banking trend, where many customers enjoy receiving tailored offers from banks that meet their needs.
Graphic 6 – Banker’s Keynote: Future of Banking in Indonesia with Moderator: Nikhil Gujral, Business Development Director, ASEAN & South Asia, Temenos and Distinguished Panelists: Sankata Lee, VP IT Strategic, Architecture & Innovation Head at PT Banak Negara Indonesia (Persero) Tbk, Rico Wardhana, Head of Digital Banking Group, Bank Syariah Indonesia, Tbk, Hidayat Wira Kusuma, Head of Core And Support Application Development, Bank Rakyat Indonesia, Umarudin Zaenuri, Technology Strategy and Transformation Director, Deloitte Consulting
Bank BSI has partnered with Temenos to update their banking systems, transitioning from old modules to a new bank model approach with modern architecture. The collaboration with Temenos is crucial in helping these banks enhance their core banking technology, including introducing more sophisticated Islamic banking solutions and adopting modern technologies such as cloud and microservices. Bank BSI aims to increase the number of customers and develop new banking products as part of its long-term strategy to become one of the most prominent Islamic banks in the world.
With an incredible, packed agenda, covered by regional media, The Asian Banker and Bisnis Indonesia, and attended by a prestigious line-up of speakers, the Temenos Regional Forums have become one of the most anticipated industry events from Temenos in the Asia Pacific. After considering what we have accomplished and prepared for the Asia Pacific in the coming years, we at Temenos continue to position ourselves as “Everyone’s Banking Platform” that’s the core of who we are – Banking for Everyone.
See you at the next Temenos Regional Forum!