Temenos Ag · SIX:TEMN
Temenos — Fact Sheet (June 2021)
8 slides from Temenos's fact sheet, June 2021
Slide 1: Temenos Customers SWIFT CBPR+ ISO 20022
Temenos Customers SWIFT CBPR+ ISO 20022 The SWIFT CBPR+ ISO migration introduces the most significant change to cross border payments processing in 40+ years. Consequently, multiple processing areas within banks will be impacted and will require major updating. Each and every Temenos customer must a
Slide 2: Key Stats
Key Stats SWIFT’s own surveys have highlighted that 85%-94% of cross border payments currently rely on unstructured ordering and beneficiary data, leading to a minimum of 10% of all transactions requiring manual intervention. This lack of automation and straight through processing leads to high cost
Slide 3: How we Address your Goals and Challenges?
How we Address your Goals and Challenges? The Temenos Payment Hub (TPH) provides next generation payments processing on the number 1 technology platform in banking. Built to support ISO 20022 standards, it delivers industry best practices which enable financial institutions to elevate their cross bo
Slide 4: What Our Solution Covers
What Our Solution Covers The SWIFT Cross Border Payments & Reporting (CBPR+) initiative will introduce wholesale changes to how international payments and information related to these transactions will be processed and disseminated. It has implications across all territories, as the data model chang
Slide 5: 40+ new ISO 20022 XML message types being introduced
In total, there are 40+ new ISO 20022 XML message types being introduced to manage all aspects of cross border payment flows. This is not just a simple message format change, akin to the annual SWIFT changes, instead SWIFT CBPR+ introduces a fundamental change to validations, to process flows, to co
Slide 6: Features
Features To address this new payments data model challenge, Temenos are providing a comprehensive range of product updates. The majority of these updates are delivered in TPH, but there are also enhancements to some core functions in Transact. The range of new features include: Updated Order entry f
Slide 7: Key Benefits
Key Benefits Ensures comprehensive coverage of critical market enhancements Ability to process CBPR+ ISO 20022 data natively thus removing costly exceptions Support for automated recall and returns processing Ability to service high end correspondent banks and retain/gain new cross border payments f
Slide 8: Contact Us
Contact Us Each Temenos customer will be impacted by the SWIFT CBPR+ program differently, based on the existing environment and the business priorities. Consequently, each customer will require an upgrade journey that is shaped to meet their particular business needs. Temenos has prepared a number o