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Banking software program firm Temenos has launched LEAP, an AI-powered initiative designed to assist banks transition easily to superior cloud-based platforms.
LEAP is designed to allow banks to maneuver away from older techniques to a extra modern, API-driven platform. The programme leverages AI to simplify historically handbook facets of migration and testing. It’s complemented by complete coaching help to ease the transition.
This transition is anticipated to permit banks to rapidly develop and provide extra personalised merchandise, thereby enhancing buyer engagement and increasing market attain.
The brand new platform provides enhanced capabilities in product design, servicing, and funds, and is constructed with an emphasis on connectivity, scalability, and safety. It additionally provides entry to the Temenos Trade ecosystem, making certain a customisable person expertise.
The programme focuses on enhancing operational effectivity, lowering prices, and making certain that know-how stays up-to-date with ongoing enhancements from Temenos.
The adoption of this new structure is anticipated to place banks favorably for transitioning to cloud or Software program-as-a-Service (SaaS) fashions, enabling higher agility and sooner deployment occasions.
Temenos has already prolonged the LEAP programme to Qatar’s Lesha Financial institution in addition to an unnamed tier one financial institution.
Andreas Andreades
Andreas Andreades, Chief Government Officer, Temenos stated,
“Powered by AI, banks can optimise for operational effectivity all via excessive automation of handbook duties making new software program deployment sooner and simpler, less-resource intensive and drive down prices.
LEAP dramatically modifications the normal modernisation mannequin in step with our engineering custom to search out options that allow banks to be future-ready in an reasonably priced and risk-managed method with a short while to worth.”
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