Banking software program firm Temenos introduces a unified platform that makes use of AI to streamline funds, lower prices and improve real-time screening for monetary establishments.

The brand new Cash Motion & Administration system unites funds, accounts, threat and treasury modules in a single place to maneuver cash sooner and extra reliably.

The platform helps new entrants launch providers rapidly whereas permitting established gamers to exchange fragmented programs.

Its AI instruments embrace automated cost restore, fraud detection and copilot options to minimise guide intervention and enhance straight-through processing.

Temenos’ FCM AI Agent is inbuilt to spice up real-time screening and lower false positives.

Integration accelerators allow fast onboarding of digital wallets and various cost networks equivalent to Sensible, Thunes, Mastercard Transfer, Visa Direct and Normal Chartered Scale.

Temenos famous that FINCI, an digital cash establishment regulated by the Financial institution of Lithuania, went stay on the platform inside 4 months.

Trade analysts stated the platform addresses long-standing challenges in funds the place outdated programs sluggish innovation and customer support.

FINCI’s chief government added that the system helps the corporate’s progress by processing hundreds of cost requests a second, onboarding new cost suppliers in weeks and making certain a quick, versatile and dependable service.

Barb Morgan, Chief Product and Expertise Officer at Temenos, stated,

“With the fast rise of prompt funds and the rising affect of AI in monetary providers, establishments are actively looking for options which are each unified and clever to handle growing complexity, compliance calls for, and buyer expectations.

Temenos Cash Motion & Administration immediately addresses this market want, bringing collectively funds and account providers in a single, AI-powered answer. Constructing on the success of Temenos Funds Hub, our main and functionally wealthy cost hub utilized by banks worldwide, this new answer additional strengthens our place as a trusted innovator within the funds area.”

Temenos stated the platform is ISO 20022 and Open Banking prepared, accessible globally as SaaS or for deployment on cloud, on-premises or hybrid environments.

Featured picture: Edited by Fintech Information Singapore, primarily based on picture by thanyakij-12 through Freepik