Temenos has launched two composable solutions that allow banks to modernise retail deposits and lending without replacing their full core systems.
Temenos Composable Retail Deposits and Temenos Composable Retail Lending are cloud-native, standalone capabilities that connect to existing banking systems through APIs and event-driven integrations.
The solutions are aimed at banks still running on legacy platforms that are costly to upgrade and difficult to integrate with newer technologies.
Temenos said each capability has clear functional boundaries and its own deployment and upgrade cycle, helping banks make changes without affecting other systems.
Barb Morgan, Chief Product and Technology Officer at Temenos, said,
“Banks need to modernise from legacy systems to stay competitive, but they cannot afford disruption. Our Composable Retail Deposits and Composable Retail Lending enable banks to upgrade critical core domains progressively without destabilising existing operations.
It is a clear step forward in our composability strategy, focused on delivery, flexibility and customer value.”
Featured image: Edited by Fintech News Singapore, based on image by Frolopiaton Palm via Magnific
