Banks have to break away from legacy thinking
According to the World Bank, an estimated two billion adults across the globe do not have a basic bank account. In addition, 200 000 formal micro-, small- and medium-sized enterprises…
Blog
Latest Blog posts from Temenos
The Cloud Gives Banks Wings
Cloud computing has become a key feature of the modern business environment. It allows enterprises to use the internet to access hardware, software or services as and when they need…
Will SA banks pursue open banking before they need to?
Banks and fintechs have long been portrayed as adversaries in the battle for control of the financial services industry, but the advent of open banking has both parties realising they…
Inside Temenos – Vincent
"Temenos truly offers each employee the means to be successful in their career without sacrificing personal life, and for me this is the essential rocket fuel that keeps me going everyday."
The two hundred million reasons digital banking is making inroads in Latin America
New technologies such as cloud computing are placing affordable banking within reach of the two hundred million Latin Americans.
Digital disruption: an opportunity for banks in West Africa
The majority of West Africans do not have a bank account. Many more are underserved. Accurate statistics on bank account penetration within the region are scarce, however a recent survey…
The need to modernise and digitise in banking
“If the rate of change on the outside exceeds the rate of change on the inside then the end is near,” Jack Welch, the former Chairman and CEO of General…
Muddling through Modifications
It seems like Regulation Z has a disclosure for everything you could possibly do with a loan.
Protecting Tenants at Foreclosure Again
While the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 relieved financial institutions of many burdensome requirements.
The CFPB and NCUA: Complaint Management Triage
Over the many years that I have been in compliance, complaints have increasingly become a hot topic.
The Instant Payments Dilemma
End-customer value is clear, yet many banks find building a robust business case tricky.
Prior Express Consent under the TCPA
Financial institutions do not always give the TCPA and the FCC's Telephone Sales Rule the attention they should be given.
Digital bankers need a wakeup call
For many bankers and fintech executives, the marketing term “frictionless experience” describes a nirvana where customers effortlessly initiate and complete their banking chores in seconds using the digital devices of…
You Did it, Bill! You Became a Law – part 2
Before I pick up where I left off, I do want to clarify something that I said in last week's newsletter.
Open Banking and Instant Payments
Banks and fintechs are working together to unlock the full potential of Open Banking.
You Did it, Bill! You Became a Law! Part 1
When last I wrote, poor "Bill" was stuck in committee, sitting and waiting, while a few key Congressmen were discussing and debating on whether they should let him be a law.
Where do RDC and Mobile Deposit items fit?
Regulation CC finally has been amended… but is everything covered?