"Cloud-native features enable banks to realize the full benefits of cloud deployment and SaaS delivery" says Cormac Flanagan, Product Director of Temenos Transact.

When the Coronavirus Aid, Relief and Economic Security or CARES Act became law on March 27, it created the Paycheck Protection Program, a novel lending program targeting small businesses in the U.S.

Cloud is coming faster than expected in U.S. banking, said Alexa Guenoun, president of the Americas and Global Head of Partners for Temenos.

Two-thirds of banking executives believe that new technologies such as AI will have the greatest impact on banking in the next five years, according to a new Temenos report.

Banking executives believe new technologies such as artificial intelligence (AI) will be instrumental in driving global banking over the next five years, according to a survey by Temenos.

Artificial intelligence (AI) will play a key role in accelerating the digital shift in banking over the next five years, according to a report published Tuesday by banking software company Temenos.

The Canadian bank has reported greater demand for tech-based services in recent months and global execs say AI will be a game-changer

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.