TEMENOS
NUMBER OF CHALLENGER BANKS EXPECTED TO ENTER THE MARKET IN 2020 / 21
( According to this report the global Neo and challenger bank industry was valued at $ 20.4 billion in 2019 , and the market size is projected to reach $ 471.0 billion by 2027 , growing at a CAGR of 48.1 % from 2020 to 2027 )
THE TEMENOS BANKING CLOUD Jean-Paul Mergeai says he is now busier than ever before with the next generation of Temenos SaaS . This is the Temenos Banking Cloud which is powered by an Explainable AI-engine and enables banks to ‘ fast track ’ themselves into cloud banking . JP explains :
‘ The Temenos Banking Cloud consists of three elements . First , a self-service portal in which you can compose your core banking system based on modular cloud-native building blocks .
Second , a sandbox environment , where you can develop and test new applications based on the APIs exposed by these building blocks , and third a marketplace of pre-integrated fintech solutions .’
With The Temenos Banking Cloud , banks now have the power to selfprovision always-on banking services and scale instantly and securely while dramatically reducing the cost of operations .
212 November 2021