Geneva, Switzerland–(COMMERCIAL THREAD) – Temenos (SIX: TEMN), the banking software company, today announced its next-generation end-to-end business lending platform, designed to help banks digitally transform the entire their corporate banking activities to reduce costs and improve operational efficiency, improve customer experiences, and create offerings for customers that are tailored to individual business needs.

The microservices-based platform helps banks automate their highly manual and complex processes and enables the bank’s business loan teams to access the right data at the right time to make faster, smarter decisions. Temenos’ business lending platform enables banks to assess loan applications faster, structure complex corporate transactions, and manage negotiations transparently and efficiently. It also enables banks to assess credit risk in order to maximize the performance of their product portfolio and capital, as well as to help corporate clients access credit facilities tailored to their needs. The digital business lending platform also enables banks to manage loans to businesses and SMEs, further streamlining systems and processes.

Merchant banks often have complex IT architectures with data residing in multiple system silos, resulting in lengthy, heavily manual processes and data misuse. Temenos’ end-to-end business lending solution helps banks streamline their disparate systems into a centralized platform with consolidated processes and pricing, integrated analytics and real-time dashboards, to deliver services fully automated digital systems.

Temenos’ enhanced business loan origination capabilities help banks manage the entire loan lifecycle from prequalification and underwriting to due diligence, document capture, credit administration , acceptance and closure. This allows banks to aggregate and analyze the information they need to make faster decisions on complex corporate credit agreements and process commercial loans with effective risk management. These business loan origination capabilities are based on Temenos Infinity, the industry-leading digital banking platform, which uses standard business rules and workflow management solutions to manage complex case management.

During the pandemic, many banks reported loan application volumes eight to ten times their usual level¹. The difficulty of handling these volumes has been exacerbated by the complex underwriting challenge in a rapidly changing environment and the process demands of government-backed programs which, given their novelty, remain manual for most banks.

Jerry Silva, Vice President, IDC Financial Insights: “The commercial loan market is seeing an increase in volumes due to the pandemic. Today more than ever, investment banks need to aggregate data and have a complete overview of their customers to protect their balance sheets and precisely structure their loans and their risk portfolio, deciding which client businesses are viable to support. Solutions such as Temenos’ corporate lending platform improve transparency and a consolidated view of the client enterprise against existing technologies, ostensibly supporting banks in defining their corporate lending strategies.

Max Chuard, CEO of Temenos, said: “Corporate banking represents a large addressable market ripe for change as banks must accelerate their digital transformation to meet the expectations of their corporate clients. Temenos has invested relentlessly to provide an innovative end-to-end business lending platform based on advanced cloud and AI technology combined with rich banking functionality. We signed new corporate banking flagship clients and our product was named a leader by top analysts. With our business lending platform, banks can consolidate disparate systems onto a single cloud-native platform that empowers them to deliver tailored solutions to their business clients, improves transparency and efficiency in eliminating the need for manual interventions.

The architecture of Temenos is based on an open API and allows data to flow between the functional lines of business of a corporate bank, from payments to cash management, allowing efficiency gains, reduction of the total cost of ownership through system consolidation and new business models. Temenos’ investment and innovation was recognized by Forrester and the platform was named a leader in The Forrester Wave ™: Digital Banking Processing Platforms (Business Banking), Q3 2020.

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About Temenos

Temenos AG (SIX: TEMN) is the world leader in banking software. More than 3,000 banks around the world, including 41 of the top 50 banks, trust Temenos to handle both the daily transactions and customer interactions of more than 1.2 billion bank customers. Temenos offers cloud-native, AI-agnostic and AI-driven front office, core banking, payments and fund administration software, enabling banks to deliver frictionless omnichannel customer experiences and achieve l ‘operational effectiveness.

Temenos software is proven to enable its top performing clients to achieve cost-revenue ratios of 26.8%, half of the industry average, and return on equity of 29%, or three times the average of the sector. These customers also invest 51% of their IT budget in growth and innovation versus maintenance, which is double the industry average, proving that banks’ IT investment adds tangible value to their business. business.

For more information, please visit www.temenos.com.

¹ Oliver Wyman, ‘Five Actions for Investment Banks in Response to COVID-19’, 2020