FinTech Magazine September 2024 | Page 18

Prema Varadhan , COO & President of Product , Temenos
improving a process that directly or indirectly helps a customer , regardless of how small or large that is , and anywhere across the banking ecosystem .
Being the COO of a company , I can be challenged with solving operational problems within any part of our service and delivery . That ’ s the varied nature of my work across the different functions , but one that I relish .
CLICK TO WATCH : 30 Years : Young Prema Terenos
Q . HOW SHOULD BANKS EVOLVE THEIR BACK-END ARCHITECTURE ?

» Many banks today run on legacy technology stacks with multiple core systems operating in silos and face massive challenges in core transformation because of the complexity of replacing the entire IT landscape .

We recently launched Temenos Positions to address this problem , helping banks isolate different architectural elements , move off older back-end capabilities , and add new front-end capabilities in a smoother way .
This new lean solution serves as a single source of truth for all real-time balances and funds authorisation data across the enterprise , regardless of the underlying
18 September 2024