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Kalliopi Chioti, Chief Environmental, Social and Governance Officer of Temenos comments: “Banks need to act now. Their customers, investors and employees now expect it. By moving to the cloud they will see an immediate and significant reduction in their carbon footprint.

In the run up to this year’s Sibos conference in London, DisruptionBanking spoke with Temenos’ Chief Marketing Officer Martin Häring. Temenos is to attend Sibos as a partner, and has been particularly busy at a number of other events lately – we caught up with them at Money 20/20 in Amsterdam – as the company looks to pivot.

Two technology vendors are working to adapt the banking-as-a-service model for credit unions. The BaaS model allows third-party institutions to partner with licensed banks to build new services for customers. Mbanq's credit union service organization will use application programming interfaces to take a similar approach to smaller credit unions.

The widespread uptake of disruptive new technologies is exacerbating the pressures facing retail banking today, thereby driving a fundamental change in the structure of the industry: the digital-driven disintermediation of the banking value chain.

Robin Amlôt of IBS Intelligence speaks to Kanika Hope, Chief Strategy Officer, Temenos, and author of a recent white paper entitled Open Banking and The Rise of Banking-as-a-Service.

Green Dot Corp., a financial technology company and owner of online bank Green Dot, has selected Temenos, a banking software company, to provide its Banking Cloud solution to power its digital bank and banking platform services, according to a press release.

Mick Fennell, business line director of payments at Temenos: “The decision to increase contactless payments to £100 from today is another clear landmark in the journey to the land of ubiquitous, seamless, frictionless digital payments.”