Temenos AI
With AI infused into the Temenos Banking Platform, we are helping banks deploy AI solutions effectively and safely. Banks now have the tools they need to provide tailored and frictionless customer experiences, drive customer loyalty and profitability, and automate business processes.
How Temenos AI helps banks
Temenos AI helps banks adopt responsible AI practices by providing explainability, security, safe deployment, and banking-specific capabilities. Using our patented eXplainable AI (XAI) platform and generative AI (GenAI), we are the first to help clients roll out deployment-agnostic, real-world solutions focused on efficiency, profitability, and exceptional customer experiences.
What is Temenos eXplainable AI (XAI)?
Temenos is the first to bring transparency and explainability in AI automated decision making to the banking industry. Our patented XAI platform and machine learning capabilities are embedded in the Temenos Platform and available with all Temenos software through an easy-to-use interface or APIs delivered on-premise, in the cloud or as a SaaS offering. By embedding AI and machine learning into our products, we have accelerated the release of explainable models that will underpin new AI use cases, including customer journeys and the automation of manual processes with self-learning capabilities.
Why should banks use XAI?
Temenos XAI addresses one of the key issues that banks face when using AI applications – that they typically operate as “black boxes” offering little, if any, discernible insight into how decisions are made. We were the first to provide transparency into these decisions by helping banks explain clearly to their customers and regulators the reasoning behind AI decision making.
Why should banks use Temenos Generative AI (GenAI)?
Generative AI is revolutionizing how banks make business decisions that will shape their future. With GenAI, users can engage in natural language queries to generate unique insights and reports, significantly reducing the time it takes for business stakeholders to access crucial data. This helps banks streamline their decision making, improve productivity, and create more personalized and secure banking experiences.
GenAI solutions can be deployed as standalone (connecting with banks’ existing core systems), on-premise, via public or private clouds, or delivered via Temenos SaaS.
GenAI in Core
In core banking operations, GenAI transforms workflows and queries, enabling banks to boost productivity in product creation and account management. Users can communicate with data using free text to obtain targeted insights that are expressed in a simple yet detailed way.
GenAI in Financial Crime Management
GenAI also helps banks achieve best-in-class accuracy in compliance monitoring and fraud detection. The technology catalogs information, such as sanctions violations, to identify patterns of suspicious activity or red flags, which would typically take hours or days to perform manually. Alerts and cases can also be summarized and analyzed.
GenAI in Transaction Classification
The GenAI Transaction Classification model automatically classifies and labels customer transactions from free text narrative in different languages. This industry-first solution provides banks with personalized customer insights and recommendations, offers engaging and intuitive digital banking experiences, and enhances customer loyalty through relevant products and offers.