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Temenos (SIX: TEMN) (www.Temenos.com), the banking software company today announced the launch of its South African “Bank of the Future” Think-Tank. The venture, which involves a quarterly gathering of some of the brightest minds in South African banking aims to address domestic and global challenges and opportunities facing financial institutions in the country.
Over 60 experts from 30 banks and financial institutions are expected to take part in this initiative over the coming year, promoting knowledge creation and sharing as well as actively responding to the complex opportunities and challenges of today’s banking environment. The think-tank also plans to release a series of short videos as well as a report by the end of 2019, presenting insights and conclusions derived from the event series along with proprietary data from Temenos to provide an in-depth look at banking in South Africa, today, tomorrow and well into the future.
The inaugural think-tank gathering, taking place at the Equinox Leadership & Innovation Centre in Johannesburg on 22 November will begin the series by discuss the concept of banks becoming digital to the core. John Schlesinger, Chief Enterprise Architect for Temenos will facilitate the discussion on the day.
Jean-Paul Mergeai, Managing Director Middle East & Africa at Temenos, commented: “An important part of what we do at Temenos is to create and foster a community within the banking and fintech ecosystem. Our clients, partners and our MarketPlace technology providers form the most dynamic banking technology community. Our industry is facing structural changes right now in terms of customer expectations, regulatory requirements, new entrants as well as a genuine technological revolution. Through this think-tank, we are creating a forum where leading bankers from South Africa can come together to share knowledge and address the challenges and opportunities they face on a day-to-day basis. With some of the world’s most innovative and technologically advanced financial institutions coming from South Africa, this seemed like the perfect country to lead this conversation on what the Bank of the Future will look like.”
Temenos has more than 20 years of experience in providing universal, central, microfinance and Islamic banking solutions to banks in the African continent with over 80 customers across East and West Africa. Winners of the Best Digital Banking Solution at the 2018 East African Banking Awards, as well as Best Islamic Banking & Finance Software Solution at the World Finance Islamic Finance Awards 2018, Temenos plans to continue capitalizing on its strong growth in the region. The company remains dedicated to providing the world’s number one banking software to banks and financial institutions of all sizes throughout Africa.
Distributed by APO Group on behalf of Temenos.Media Contacts: Jessica Wolfe Temenos Global Public Relations Manager Tel: +1 610 232 2793 Email : [email protected]
Alistair Kellie & Andrew Adie Newgate Communications on behalf of Temenos Tel: +44 20 7680 6550 Email: [email protected]
About Temenos: Temenos AG (SIX: TEMN) (www.Temenos.com), headquartered in Geneva, is the world’s leader in banking software, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: over a seven-year period, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8.6 percentage point lower cost/income ratio than banks running legacy applications. For more information please visit www.Temenos.com.