White Papers

"Big Bang" Tech Changes Hard To Do - So "Build And Migrate" Instead - Temenos White Paper

Tom Burroughes Group Editor 29 July 2013

Temenos, the wealth management technology firm, has published a white paper with the title Progressive renovation for core banking system modernisation, explaining that the banking industry faces a “perfect storm” of change.

“Regulation is being tightened, customer loyalty is diminished, competition is becoming more intense and there is a revolution in mobile technology. Large retail banks stuck on branch accounting are operating at high cost, high complexity and low flexibility and this is unsustainable in the light of these structural headwinds,” Temenos said in its report.

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