The future of Retail Banking – Special report
The Economist Intelligence Unit, on behalf of Temenos, surveyed 242 global banking executives to investigate the views of retail banks on the challenges and changes they face in the years to 2020 and how they are responding.
Respondents were C-suite or board level and senior executives, drawn from across the world. With 13 of the respondents, the EIU carried out in-depth interviews, some global, some regional, some small and tightly focused banks.
TEMENOS Group AG provides integrated modular core banking systems to over 1000 financial institutions in more than 150 countries. We are headquartered in Geneva with 55 offices worldwide, and listed on the main segment of the SWX Swiss Exchange (TEMN).
Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximise returns while streamlining costs. We provide 24×7 functionality to the retail, wholesale, universal and private banking sectors; partner with central banks on core system replacement; and work with the World Bank on solutions for emerging markets. Temenos has a transparent approach to its operations and we bring to bear our experience, expertise, commitment and professionalism on every project.
Temenos’ only domain is banking software and our success is achieved by being completely focused on providing the best banking software available today. To this end, Temenos consistently devotes 20% of its revenues to research and development, higher than the average of our industry peers. This ensures that we can support banks with functionally rich systems that provide the flexibility to adapt to changes in business strategy or regulation.