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Introduction

This paper argues that the widespread uptake of a coherent front-to-back proposition, built on a
disruptive new technologies is exacerbating the future-proof, modern core banking platform rather
pressures facing retail banking today, thereby than on a complex web of legacy applications.
driving a fundamental change in the structure of the Without a modern core, it is not possible to fulfill
industry i.e. digital-driven disintermediation of the the emerging needs of the industry and to meet the
banking value chain. Most European banks are not heavy regulatory burden in an affordable way. The
equipped for this change because of the limitations good news is that core banking transformations can
of their aging legacy systems. Although banks have now be executed easily and with acceptable levels
been investing in digital propositions in the front- of risk, because of the sophistication of packaged
end, they have been reluctant to embark on core software now available and the lessons learnt
systems replacement. At Temenos, we believe that and proven benefits delivered from successful
true digital transformation requires developing transformations all over the world.

17% 6m 99.9% <15
Increase in Customers STP Minutes
RoE

By replacing core Onboarded in first year Supporting seamless. Time to open a new
banking with 3rd party of adoption real-time processing bank account for 77%
vendors of customers

Source: Temenos client examples

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