Temenos launches lending platform to transform corporate banking

By Megha Bhattacharya

Temenos today announced the launch of its end-to-end corporate lending platform that aims to support banks to digitally transform their entire corporate banking business. The new platform is expected to reduce cost and drive operational efficiencies, improve customer experiences, and create offers for customers that are customised to individual corporate needs.

According to the company, the corporate lending platform enables banks to evaluate loan applications more rapidly, structure complex corporate deals and handle negotiations in a transparent and efficient manner.

Jerry Silva, Vice President, IDC Financial Insights said, “The commercial lending market is seeing a spike in volumes due to the pandemic. Now more than ever, corporate banks need to aggregate data and have a comprehensive customer overview to protect their balance sheet and structure their loans and risk portfolio accurately, deciding which corporate customers are viable to support. Solutions like Temenos’ corporate lending platform improve transparency and a consolidated view of the corporate customer over legacy technologies, ostensibly supporting banks as they set their corporate lending strategies.”

Temenos stated that the platform is also expected to enable banks to manage lending for both corporates and SMEs, thus streamlining systems and processes. It helps banks to streamline their disparate systems into a centralized platform with consolidated processes and pricing, embedded analytics and real-time dashboards, to offer fully automated digital services.

Max Chuard, Chief Executive Officer, Temenos, said, “Corporate banking represents a large addressable market, ripe for change as banks need to accelerate their digital transformation to meet their corporate clients’ expectations. Temenos has invested relentlessly to deliver an innovative end-to-end, corporate lending platform based on advanced cloud and AI technology combined with rich banking functionality. We signed new flagship corporate banking clients and our product has been named a leader by top analyst houses. With our corporate lending platform, banks can consolidate disparate systems on a single, cloud-native platform that gives the agility to deliver tailored solutions to their corporate customers, improves transparency and efficiency removing the need for manual interventions.”

Recently, Temenos announced that Switzerland-based Schroders Wealth Management has selected its Wealth Front Office with an aim to automate and enhance its advisory business.