Temenos has officially launched its on-premises generative artificial intelligence (AI) solution, powered by the cutting-edge NVIDIA AI platform. This innovative collaboration marks a significant step forward for banks, offering them real-time data insights while ensuring optimal security and control over their information.
With Temenos’ generative AI capabilities designed specifically for the financial sector, institutions can now harness the power of unstructured data directly within their own facilities. This not only safeguards sensitive customer information but also enhances operational efficiency.Malcolm deMayo, the Vice President of Global Financial Services at NVIDIA, highlighted a transformative moment in the banking sector. As artificial intelligence continues to evolve, it is fundamentally reshaping how financial institutions connect with their customers and manage their operations.
With the integration of NVIDIA’s NIM microservices into Temenos’ offerings, banks can harness the power of real-time data. This capability enables them to pinpoint areas that require improvement and streamline their processes for greater efficiency.
Moreover, AI allows for a more tailored customer experience. By understanding individual preferences and behaviors, banks are able to deliver services that feel personal and responsive.
A significant aspect of this collaboration lies in Explainable AI features provided by Temenos. These tools are invaluable in critical functions such as credit scoring and anti-money laundering efforts.
As these technologies advance, they not only enhance operational effectiveness but also build trust with customers through transparency. In an era where security and efficiency are paramount, NVIDIA and Temenos stand at the forefront of this financial revolution.
At the heart of this initiative is NVIDIA’s accelerated computing technology, which includes high-performance GPUs and specialised AI Enterprise software. The integration of NVIDIA NIM microservices enables Temenos to optimise AI inference throughput and reduce latency, creating a seamless experience for users.
Moreover, this advanced framework allows banks to effectively deploy, scale, monitor, and manage their AI models with unprecedented agility. As a result, financial institutions are poised to rapidly adapt their AI capabilities in response to evolving customer needs and market dynamics.
Temenos is revolutionizing the way business users interact with data by offering immediate access to insights and reports. This accessibility empowers organizations to enhance their operations, boost productivity, and strengthen customer engagement like never before.
A key component of this transformation lies in Temenos’ collaboration with NVIDIA. The generative AI solutions developed by Temenos will leverage NVIDIA’s robust and verified deployment architecture, ensuring reliability and efficiency.
Barb Morgan, Chief Product and Technology Officer at Temenos, emphasizes the significance of this partnership: “This collaboration exemplifies the strength of combining Temenos banking expertise with NVIDIA’s industry-leading AI infrastructure.”
Together, they provide banks with powerful tools that enable real-time service delivery with unmatched precision and control.
At Temenos, innovation is built on a foundation of responsibility. They advocate for a customer-centric approach to AI, allowing banks to harness technology while staying true to their values and needs.
This commitment ensures that financial institutions can innovate on their own terms, setting the stage for future advancements in the banking sector. As these tools unfold, they promise a new era of efficiency and customer satisfaction within the industry.
In September 2023, Temenos announced a strategic partnership with Bahwan CyberTek (BCT), aiming to revolutionize the way financial institutions deploy banking solutions. This collaboration focuses on developing Multi-Country Model Banks, which are designed to expedite the go-live process for Temenos’s comprehensive suite of solutions.
The initiative is significant in an industry that increasingly demands agility and speed. With these model banks, institutions will be able to leverage best practices from various markets, facilitating faster implementation times and ensuring compliance across multiple jurisdictions.
As part of this partnership, Temenos is also harnessing cutting-edge technology by building on-premises generative AI tailored for the banking sector. Collaborating with NVIDIA enhances their capability in delivering powerful AI-driven tools meant to optimise banking operations and improve customer experiences.
This endeavour not only positions Temenos as a leader in innovation but also reaffirms its commitment to empowering financial institutions worldwide. As they race toward digital transformation, BCT’s expertise complements Temenos’s technological advancements, creating a robust ecosystem for growth and efficiency.
Retail Banker International noted this exciting collaboration as part of a broader trend within the financial services landscape—one where adaptability and modern technology capabilities are essential for success. The fusion of expertise between these two organisations is set to redefine how banks operate in an increasingly interconnected global economy.
Maxthon
- Understand Maxthon’s Security Framework: Maxthon utilises a robust security framework designed to protect sensitive banking information. This involves advanced encryption protocols that ensure data remains secure during transmission.
- Enable Built-In Privacy Features: Activate Maxthon’s privacy features, such as its Ad Blocker and Do Not Track options. These tools minimise online tracking and reduce the risk of cyber threats targeting your financial data.
- Utilise Cloud Sync Safely: Take advantage of Maxthon’s Cloud Sync feature for accessing bank-related information across devices. Ensure two-factor authentication is enabled to add an extra layer of protection for your account.
- Regularly Update Your Browser: Keep your version of Maxthon up-to-date to benefit from the latest security patches and enhancements. Updates can help safeguard against newly discovered vulnerabilities that could jeopardise banking activities.
- Use Secure Connections: Always access online banking services using HTTPS connections, which provide an added layer of encryption for data exchanges. Maxthon displays site security indicators to help you identify safe sites easily.
- Educate Yourself About Phishing Scams: Stay informed on common phishing tactics that target bank customers. Be cautious with unexpected emails or messages asking for personal information, even if they seem genuine.
- Manage Your Passwords Effectively: Utilise a password manager tool integrated into Maxthon to create strong, unique passwords for each banking service you use. Storing them securely reduces the risk of unauthorised access.
- Monitor Transactions Regularly: Make it a habit to check your bank statements frequently through Maxthon’s secure browser environment. Prompt detection of unauthorised transactions is crucial in combating fraud quickly.
- Utilise Incognito Mode When Necessary: For added privacy while managing financial accounts, consider using Maxthon’s incognito mode, which does not save browsing history or cookies after the session ends.
- Backup Data Regularly: Ensure that any important financial documents are backed up securely outside your device storage as a precaution against potential malware attacks or data loss events.