Temenos Unveils Generative AI Solutions for Banking Efficiency and Profitability

Temenos, a leader in SaaS cloud banking solutions, has introduced new generative AI capabilities as part of its AI-enhanced banking platform, as outlined in The Fintech Times. This launch aims to revolutionize how banks handle their data, significantly boosting productivity and profitability.

The generative AI from Temenos allows users to make natural language queries, producing unique insights and reports quickly. This innovation promises to cut down the time business stakeholders spend accessing crucial data. Additionally, the AI solution ensures that results are verifiable by both users and regulators, addressing major challenges in data integration, security, and privacy.

Prema Varadhan, President of Product and COO at Temenos, highlighted the benefits of their AI technology: “We all use AI in our daily lives and benefit from the personalized services and insight. Temenos Explainable AI offers transparent, auditable insights while our generative AI-infused platform delivers these insights instantly in an intelligent and personalized way.”

The new AI solutions can enhance customer and middle office operations, as well as product development, enabling banks to create real-time products tailored to customer preferences. In core banking, it improves workflows and daily operations, significantly reducing the time required to generate insights and reports.

Bola Rotibi, Chief Analyst at CCS Insight, commented on the transformative potential of generative AI in banking: “Generative AI heralds a new era of efficiency and competitiveness in banking, with the potential to revolutionize customer experiences, streamline processes, and uncover actionable insights.”

With these advancements, Temenos aims to provide financial institutions with the confidence to experiment and responsibly deploy generative AI models, ensuring robust and secure AI practices are at the forefront.

Other articles
Spendesk Adopts Dust’s AI Platform to Enhance Security and Efficiency
Klarna Expands BNPL Services to eBay Shoppers in the US
Can Embedded Finance Help Neobanks Outperform Traditional Banks?
Google Deploys AI to Wipe Out Half a Billion Scam Ads in 2024
MoneyGram and Plaid Join Forces to Deliver Seamless, Secure Global Payments
The Rise of AI and ML in Modernizing KYC Compliance
Embedded Finance: Will It Overtake Standalone Banking Apps?
2025 Report: Drivers Demand Seamless In-Car Payment Systems, Willing to Pay for Convenience
How AI and Technology Are Reshaping Finance in 2025
What’s Fueling the Surge in Embedded Finance Adoption?
Bank of England Warns of AI Risks to Financial Stability
Jamie Dimon Warns of FinTech Threat as Consumer Payments Become Banking’s New Battleground
Mercedes-Benz Introduces In-Car Fingerprint Payment with Mercedes pay+
How Bank-FinTech Partnerships Will Accelerate GenAI Adoption in Banking
Aevi and QorPay Partner to Revolutionize Global In-Person Payments