Temenos introduces Composable Banking Services


Temenos, a banking software company, has introduced composable banking services and capabilities on its banking cloud. With these tools, banks can “compose” products with pre-configured and pre-assembled Temenos banking services and optional third-party Temenos Exchange solutions, according to a press release.

Banks can explore a variety of services and features or configure individual tools. Some of these tools include:

  • Buy now, pay later.
  • Challenger banking tools.
  • Retail ready.
  • Payment Fraud Mitigation.
  • Know-your-customer risk assessment.
  • Banks can deploy any of these services on the Temenos Banking Cloud or a public cloud.

“Our research shows that 76% of banks simply cannot cover their cost of capital. Banks are still burdened with legacy systems, which make it very risky, expensive and slow to deliver a differentiating and personalized omnichannel customer experience. “Doing nothing is no longer an option in this competitive environment. Banks need a new approach to running their business,” Temenos CEO Max Chuard said in the release. enables banks to open up to fintechs and their partners, quickly digitize their processes and offer hyper-personalized experiences. We give banks the agility and speed to improve operations, reduce costs by up to 75%, and build sustainable businesses.”


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