The financial industry is at a turning point. Emerging technologies, advanced regulations, and converting customer expectations require bold leadership. It was a fast food for Tmenos TCF25 in Madrid.
Banking services have witnessed a lot of turning in the past thirty years or so. The 1990s witnessed a great liberalization of the banking organization. Then there was canceling interest rates and barriers that prevent foreign banks from entering. The rise of competitors is followed by non -banks and the decrease in state ownership and in political loans, and this is often at excellence. The period after the financial crisis in 2007-2009 was another turning point. The driving drive including the collective dependence of banking services via mobile phone was another turning point.
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Now, the rise of emerging technologies such as artificial intelligence, advanced regulations, and client expectations are another transformation point.
There are a few, if any, more impressive and the most important banking banking conferences run by sellers from the famous Temenos Society Forum. The last event has attracted more than 1,400 executives at the level of M, decision makers, and industrial pioneers, and is still one of the most prominent in the conference circle. Not for the first time, within 20 years or so on regular attendance, one of them left with the impression that TCF was larger and better than ever.
One of the most prominent events was a discussion with Sai Ranjashari, chief product official in Tymanus. In January, his appointment was a high -level rental as he led the development of Temenos solutions and determines the company’s total product strategy. It was also an appointment to present the title given its record. His autobiography includes more than 20 years of experience and an in -depth knowledge of the American financial scene from emerging companies to leadership roles in first American banks and prominent sellers.
As the Managing Director of Jpmorgan, he led the bank’s digital channels and open banking strategy. In Fis, as head of banking products and payments, he led cloud banking initiatives and growth in payments.
During his time at Capital One, the next generation of digital construction platforms, increased work service and customer participation was launched. Recently, it was established and led the function of the product and technology in Tandym, a digital payment portfolio.
Rangachari enjoyed a resonant side seat during the previous industry shift points. It argues that artificial intelligence and emerging technologies greatly exceed the ability to provide increased efficiency, costs, new revenue opportunities, improve risk management, increase allocation, and increase customer participation.
“This is a model and a mental transformation. In the past, banks have always talked about efficiency, and what we hear from our customers this time is different. Previously, it was all about saying, how can I go from 10 steps in the loan bulletin to seven steps so I can eliminate this time. From the perspective of efficiency, vision, foundations and conversations have become bolder than before in terms of what they want as results.
“With the strength of artificial intelligence and what it can enable, I think we only scratch the surface, but it started. The other thing that actually happened and we saw this with the mobile phone is that people use artificial intelligence to progress in their daily productivity, and they are not professional.
The capabilities of artificial intelligence are highly shown in a number of major sessions through TCF25, such as the SESHADRI of HCLTECH presentation. It instead works to enhance Temenos’s accreditation data as the leaders of the sector when it can attract first and long -term customers. For example, Jose Manuel de la Chika of Santander discussed how the bank works with Timinos to systematically implement artificial intelligence through banking functions.
Dan Protein, Dan Protein, explained how ideas close to fixed give him a competitive advantage thanks to innovation with Temenos Data Hub. Marnix Tummers, IT Director at ABN Amro, highlighted the bank’s partnership that is approaching 20 years with Temenos and how the bank continued to benefit from joint focus on innovation, joint design and customer medication.
Other major meals included an example of the Temenos Design partner program. Specifically, work with Bandic Commerce Bank and BIL. The solution of the Tmenos Copilot Solution Gen Ai Microsoft Products Products Solution enables the customer teams to move from the idea to the product faster, with less effort and more confidence.
General availability news to solve the advanced examination designed through artificial intelligence, actual time evaluation, and strong compliance frameworks, also worth a male.
With Temenos FCM AI agent, financial institutions can discover, investigate and prevent penalties against global and local monitoring lists using advanced artificial intelligence to reduce wrong positives and evaluate actual time examination alerts with increased human capabilities.
The tool puts a lot of boxes: it enhances customer satisfaction, reduces the risk of compliance and cost, increases employee productivity and enhances revenues. Specifically, Temenos says that the FCM AI agent achieves less than 2 % of the wrong positive rates against the average positive positive rates in the industry to examine customers from 5 % to 8 %.
Super-ANGIONAL US Us, its basic regions, completed its primary transformation on the Temenos Core Banking platform in early 2022. At that time, Temenos from the regions is a strategic victory in such a competitive and president. TCF25 was characterized by a positive show of Top30 US Bank, where she shared the main learning from his journey to replace his essence on Temenos Saas. Post TCF25, TEMENOS once again occupied the best -selling basic banking provider in the IBSI sales table, for 20Y Successful year. It also leads the schedule of categories that cover digital categories, payments, wealth and Islamic banking services. Therefore, sales remain healthy. More than that; Ranjashari says basic banking services are about to become “really great”.
It can be said that Core Banking as “Cool” is a new concept, but Rangachari makes the stadium with GUSTO and explains why Temenos is in a very good position to benefit.
“Now there is a cultural mental aspect of it and as a key banking porcelain, we are in a major place to enable many incormelines and innovations. So, I am very excited about the basic banking space.
“The type of demand we saw from customers, the amount of gossip we saw about the participation is great. We are very excited to participate in the lack of products in silos. We are building important solutions for our customers.”
Three prominent topics dominate TCF25M and are accelerating in adopting artificial intelligence, continuous investment in the basic banking product experience and the benefits of participation in formation.
Looking forward, this turning point has a way to go when you only look at only one statistics from the new TEMENOS poll. It has highlighted that about 80 % of its banking clients are experimenting with artificial intelligence, but only a third of them took production.
Ranjashari, the first adopter, waiting, monitors and fast and slow followers.
There are a large number of factors that hinder some of the most cautious banks because they are looking for more evidence in the market, especially from their peers, as it succeeds and what the lessons are before they follow a quick follow -up, or slow follow -up.
If Temenos has to be based on its logo line, that is, driving banking services forward, a lot depends on the success of artificial intelligence initiatives such as FCM AI agent. Then there is the TEMENOS AI studio.
“We have already started partnership with customers in our TEMENOS AI studio, where they can start creating these cases of their own use, serving their use cases, and taking advantage of the same infrastructure that can be explained from the artificial intelligence that we use behind the scenes.”
He says in the past, Temenos will have conversations with customers and will explain what Temenos needs for us to build and he will say that well. But now, the seller can provide artificial intelligence studio so that banks have the ability to develop, customize, publish and monitor their own models. TEMENOS can pre -download it with banking units that the bank can start and will provide TEMENOS training and support that allows the bank after that to build that for themselves.
Just how the initiatives announced in Madrid will be hot topics for discussion in TCFS in the future. Wise money will not be to bet on the ability of Ranjashari to present it. Whether basic banking services will go at all because “cold” is another matter completely.
“The basic banks are about to become really great”: Rangachari was originally created and published by Banker International, a brand owned by Globaldata.
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