Temenos Unveils Responsible Generative AI Solutions for Banking

Temenos introduced its innovative Responsible Generative AI solutions, enhancing its AI-infused banking platform. These secure solutions, seamlessly integrated with Temenos Core and Financial Crime Mitigation (FCM), aim to redefine banking data interaction, driving productivity and profitability for banks.

The company’s extensive investment in Research and Development (R&D) has yielded patented Explainable AI (XAI) solutions. Now, Temenos extends its leadership to Generative AI, enabling banks to deploy AI solutions efficiently and securely.

Temenos Generative AI facilitates natural language queries, delivering unique insights and reports swiftly. This capability significantly reduces the time for stakeholders to access vital data, such as identifying profitable customer segments by demographics.

Transparent and explainable, Temenos Generative AI enables users and regulators to verify results. With robust security frameworks, these solutions address data integration challenges and security concerns, transforming banking operations and product management.

These new solutions can be utilised across customer operations, middle office functions, and product development, allowing real-time product creation based on customer preferences. Deployable standalone or integrated with existing core systems, they offer flexibility across on-premise, cloud, or Temenos SaaS deployments.

Prema Varadhan, President Product and COO at Temenos, emphasised the responsible AI practices embedded in their platform, promoting transparency, security, and safe deployment. Bola Rotibi, Chief Analyst at CCS Insight, highlighted the potential of Generative AI to revolutionise banking operations and customer experiences, emphasising the importance of responsible AI practices.

In core banking operations, Temenos Generative AI streamlines workflows, enabling faster insights and actions. Similarly, in Financial Crime Mitigation, it empowers users to extract intelligence from data efficiently, aiding in fraud detection and process optimization.

Temenos plans to release Generative AI solutions for Wealth and Digital banking, further enhancing its suite of AI-powered offerings.

Pan Finance is a print journal and news website providing worldwide intelligence on finance, economics and global commerce. Known for our in-depth analysis and opinion pieces from esteemed academics and celebrated professionals; our readership consists of senior decision makers from across the globe.

Contact us