Temenos Transact provides a modernisation path for banks to adopt a cloud strategy for their core banking systems and take advantage of technologies. The cloud-native banking platform uses Explainable AI and machine learning to offer corporate and retail banking, wealth management, and treasury functionality to financial services institutions across the retail, corporate, treasury, wealth, and payments sectors.
By onboarding to IBM Cloud, Temenos will use IBM’s security capabilities, including confidential computing technology and ‘Keep Your Own Key’ encryption. Delivered via IBM Hyper Protect Services and backed by security certification, these capabilities help financial institutions retain control of their data.
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