From Yahoo Finance: 2025-06-13 10:06:00

The financial industry is experiencing a transformative turning point with emerging technologies, evolving regulations, and shifting customer expectations highlighted at Temenos’ TCF25 in Madrid. This follows past turning points such as the digital drive post-2007 financial crisis, with AI and new technologies driving efficiency and customer engagement.

Sai Rangachari, Temenos’ Chief Product Officer, brings over 20 years of industry expertise to lead product strategy. His background includes roles at JPMorgan, FIS, and Capital One, focusing on digital channels, cloud banking, and digital origination platforms. AI and emerging technologies are now driving a paradigm shift in banking towards real-time functionality and personalization.

AI’s transformative potential was showcased at TCF25, with high-profile clients like Santander and EQ Bank benefiting from Temenos’ solutions. The advanced screening solution built with AI offers real-time evaluation and robust compliance frameworks, reducing false positives and enhancing customer screening accuracy. Temenos remains a leader in core banking, with Regions showcasing successful core transformation on the Temenos platform.

Temenos’ focus on AI, core banking innovation, and co-innovation were key themes at TCF25. However, only a third of banking clients have taken AI initiatives to production, highlighting the need for more adoption and implementation. The success of AI initiatives like FCM AI Agent and Temenos AI Studio will be crucial in leading banking forward through innovation and customization.

Rangachari’s vision for core banking as ‘cool’ involves enabling integrations and innovations through co-innovation with clients. Temenos’ AI Studio empowers banks to create, customize, and deploy AI models, providing training and support for independent development. The industry awaits the outcomes of these initiatives, with Rangachari poised to deliver on Temenos’ promise of leading banking forward through AI and innovation.



Read more at Yahoo Finance: ‘Core banking is about to become really cool’: Rangachari