Banking software system provider Temenos launched its financial processing solution, Temenos Positions, to transform banking operations for institutions with complex, multi-core systems across multiple lines of business in both retail and corporate banking.
According to a press release, the new lean solution serves as a real-time source for maintaining and sharing balances, instruments, and financial movements across an entire bank's system landscape, regardless of underlying technology stack.
This allows banks to reduce operational risk, increase financial efficiency, and develop and quickly take to market complex financial products and services, thereby increasing profitability and customer experience.
With Temenos Financial Positions, lenders will be able to address their immediate operational efficiency needs and can also embark on a progressive modernisation journey without having to overhaul their entire core banking platform.
The technological advancement ensures that it can meet the complex use cases for back value processing and multiple balance types, with the solution designed for serverless deployment - a new leaner and faster way for Temenos to build and release solutions.
This new deployment technology builds and deploys capabilities as discrete libraries offering up to 30% faster deployment and supporting cloud-native deployments on a single database.
Moreover, the solution is extensible to other related areas such as party and pricing, further enhancing its versatility.
