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The application of artificial intelligence at banks will be the difference between the ones that succeed and the ones that fail in the coming years

The payments industry is an increasingly competitive environment, with pressures mounting on incumbent banks to innovate at the same pace as digital, neobanks and new payment players, such as PayPal and AliPay, to meet customer expectations for digital payments services that fit ‘invisibly’ into their convenience-driven lifestyles.

Fintechs on both sides of the Atlantic are grabbing the opportunity to try and shine amid the government stimulus packages

Cybercrime is relentless and unlikely to stop. Highly sophisticated hackers using the most advanced technology are adapting to cloud computing and artificial intelligence (AI) to commit extremely rewarding crimes with relatively low chances of being caught.

Geneva-based Temenos released a global retail banking survey which revealed that banks in the Middle East and Africa (MEA) are the strongest believers in a cashless society.

The Swiss banking technology company Temenos is teaming up with Microsoft to help banks implement crime-fighting software for financial institutions. Through the partnership, banks can trial the software for 14 days through the end of June before changing their cybersecurity systems.

For the past few years there has been the trend of transitioning to digital payments which is accompanied by faster payments, Shrey Rastogi, senior payments strategist at Temenos believes that the lockdown will accelerate the transition as social distancing measures directly encourage the use of real time payment solutions

Fintechs in the payments industry saw problems coming when the CARES Act’s SBA Paycheck Protection Program opened the floodgates for millions of coronavirus-stricken small businesses to apply for loans via largely unprepared financial institutions.

In the latest Fintech Finance Virtual Arena, we hear from Temenosian Prema Varadhan to hear all about how they have moved their gigantic conference the TCF, to the digital world!

Atlantic Union Bank loan application portal went live using Temenos software, the very first day PPP was available.

The UK government’s financial support package for medium and large companies impacted by COVID-19 is heavily dependent on the right technology to process applications fast enough, according to the CEO of Temenos.

Hani Hagras, chief science officer at Temenos, explores why explainable AI or XAI, is key to overcoming the accountability challenge of AI.

As banks scramble to stand up digital interfaces and participate in the SBA Paycheck Protection Program (PPP) that launched today, fintech providers are rolling out different technology platforms to help lenders process the flood of small business loan applications.

Artificial intelligence needs to explain itself in order to earn the trust and confidence of both companies and their customers, says Hani Hagras, Chief Science Officer at Temenos

Eric Mellor, Wealth Management Strategist at Temenos, discusses the implication of Covid19 and that it is during the most challenging times that wealth managers are best able to demonstrate the true value they can add to their client relationships.

Temenos is providing their online learning platform, which features more than 400 courses, free of charge to current clients for 8 weeks.

Temenos and ClearBank, the cloud-based clearing bank, form a strategic relationship to provide banks with access to UK payment systems and a faster route to market for seamless real-time payments services in the cloud.

Temenos and ClearBank have joined forces to provide banks with access to UK payment systems and real-time payment services in the cloud, reports Jane Connolly.