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Latest Blog posts from Temenos

Passing the Culture Test in 2020

Culture has become a popular topic of corporate conversation in recent years. It’s often used as a way to attract talent. If you can explain how things get done in your company, you will be more likely to hire people whose individual value system and expectations align.

Human Rights Day 2020 – Recover Together

Human Rights Day is observed every year on 10 December — the day the United Nations General Assembly adopted, in 1948, the Universal Declaration of Human Rights (UDHR). It is an opportunity to reaffirm the importance of human rights in re-building the world we want, the need for global solidarity as well as our interconnectedness and shared humanity. We as a company feel strong about human rights and have ourselves undertaken several measures to recover together.

Seamless Instant Payments

Around the world, banks find themselves under a veritable assault from different payment apps and fintech service providers and the demands they place on their processing capabilities. Consumers have more…

Economist Intelligence Unit (EIU) report: ‘Overseeing AI: Governing artificial intelligence in banking

The latest Economist Intelligence Unit (EIU) report: ‘Overseeing AI: Governing artificial intelligence in banking’ sponsored by Temenos, takes a deep dive into the complex world of Artificial Intelligence (AI). Like many new technologies before it, AI is still at the stage where it has to prove itself to be useful to bank customers. There is still healthy scepticism in the minds of customers around the use of AI by banks, and it will take time for that to be broken down.

Will Banks Have to Regulate the Speed at Which AI Spreads Through Their Systems?

The report says that the guidance that regulators have offered so far can be described as “light touch”, taking the form of information and recommendations rather than rules or standards. This is a potential minefield for banks which think AI is a type of wonder-solution. The report postulates that this 'light-touch' approach is to avoid drying up innovation. Another reason how AI will evolve. AI is still in its early years and not many vendors really understand its potential or likely direction. As the report points out, there is no single expert who can answer every query about how AI works.