EXECUTIVE INSIGHT
Q . DESCRIBE YOURSELF IN THREE WORDS
Curious Caring Committed
technology . It means banks can address immediate operational efficiency needs and can also embark on a progressive modernisation journey without having to transform their entire core banking platform .
Taking advantage of an advanced API-driven , cloud-native architecture is also vital for banks to gain the agility and scalability they need to thrive in the modern digital era and future-proof their business . LEAP is a new holistic modernisation program , which enables our clients to move to the latest Temenos platform , accelerating their journey to the cloud and Software-as-a-Service .
And of course , AI is the game-changer that none of us can ignore . I believe responsible Gen AI solutions in core banking herald a new era of efficiency with the potential to revolutionise customer experiences , streamline processes and uncover actionable insights . Banks are naturally cautious in embracing Gen AI to the full and want to ensure they do so responsibly . Temenos has invested extensively in R & D to support our AI initiatives and an AI-infused platform that enables banks to deploy AI solutions and banking-specific capabilities faster and safer .
Q . WHAT ARE THE BENEFITS OF PUBLIC CLOUD MIGRATION ?
ยป Speed , security and business agility are key for banks to compete and thrive in the digital world and this is what cloud delivers . A recent Economist Impact survey for Temenos reveals that 51 % of bankers anticipate that banks will no longer have traditional data centres within five years , favouring the agility and scalability of public cloud solutions .
Bolstered by substantial investments from hyperscalers in security measures , banks are growing more confident in adopting public cloud services . We see large banks are prioritising the migration of digital banking and customer-facing channels , and core banking for secondary business lines and overseas operations .
Mid-small banks are adopting public cloud and SaaS for primary business lines and domestic operations as well , while non-incumbents have a strong preference to start greenfield on SaaS .
fintechmagazine . com 19