Banking and Finance

What are the major friction points in Customer Onboarding & Origination for Banks?

Modern banking customers expect to open a new bank account or savings account remotely utilizing their laptop or mobile device. According to special research published by BAI, three-quarters of millennials say they would switch banks…

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Digital Banking during Uncertain Times with Temenos Infinity

COVID-19 has drastically altered our world, with chaotic economic and financial consequences running concurrently with the public health disaster. Banks throughout the world played a critical role during the epidemic, assisting companies and individuals by…

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Temenos Infinity Engage- Usage of SaaS Platforms for Banking Channels

As all financial institutions aspire to move more swiftly, offer products more quickly, and improve operational efficiency, cloud adoption rates are increasing. This was confirmed in research published by the Economist Intelligence Unit late last…

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Approaches for Expanding Lending in a Digitally Driven World

As per a study by ‘Research and Markets,’ the Digital Lending Market was valued at USD 311.06 billion in 2020 and is predicted to reach USD 587.27 billion by 2026, with a CAGR of roughly…

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Unveiling Temenos Infinity: A Powerful Digital Banking Suite

In today’s digital-first landscape, banks need to deliver seamless and personalized experiences to stay ahead. Temenos, recognized as a market leader in the 2023 “Omdia Universe: Digital Banking Platforms” report by Omdia, a leading technology…

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Top 6 Digital Lending Challenges Faced by Fintechs

According to the latest “State of Fintech” report from CB Insights, the third quarter of 2021 was the second highest on record for Fintech funding, with a 147 % year-over-year rise. Alternative Commercial Lenders or…

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Digital Lending: ushering in a new era of lending

Traditional lending platforms depended on human intervention and physical interactions at every stage, which increased processing time and the possibility of human error. However, digital lending platforms allow banks to automate their whole loan process,…

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Temenos Transact – The Core Banking System for Startup Banks

Banking competition is heating up. Neo-banks are gaining market share and serving customers for around one-third the cost of traditional banks. FinTechs are focusing on profitable value-chain segments. Big tech firms, with their vast client…

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Temenos-Aspire Systems: Six years of collaboration, cooperation and 50 + successful implementations

Temenos and Aspire Systems forged an official collaboration in 2016 during the Temenos Community Forum (TCF) in Lisbon, Portugal. The journey began with implementations in the UK and across APAC and has successfully passed a…

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Top 5 Aspects to consider when testing financial applications

A financial application is a software program that facilitates the management of business processes that deal with money. It is a type of software that is specifically designed to automate, assist and store financial information…

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Buy Now, Pay Later: A Boost for Banks, Pure-Plays and Businesses

Analysing the behaviour trends of customers and their payment habits has led banks to realize the plethora of benefits that the Buy Now Pay Later model offers. Despite being a fintech feature, the BNPL model…

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Where are credit unions and lending institutions going wrong in their digital journey

Financial service providers want to be digital, but they’re having trouble getting there, or even getting started.  They are focusing heavily on conventional IT and surface-level components of digital strategy.  Both are vital. However, we…

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