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 programs to a extra modern, API-driven platform. The programme leverages AI to simplify historically handbook features 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 supply extra personalised merchandise, thereby enhancing buyer engagement and increasing market attain.

The brand new platform presents enhanced capabilities in product design, servicing, and funds, and is constructed with an emphasis on connectivity, scalability, and safety. It additionally presents entry to the Temenos Change ecosystem, guaranteeing a customisable person expertise.

The programme focuses on enhancing operational effectivity, decreasing prices, and guaranteeing 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 larger agility and quicker 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 Govt Officer, Temenos mentioned,

“Powered by AI, banks can optimise for operational effectivity all by means of excessive automation of handbook duties making new software program deployment quicker 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.”