Temenos CorporateSuite Brochure - Banking Software … · solutions means that Islamic banks can...

CorporateSuiteOne system, one view for all your corporate banking needs; today and tomorrow.

The software specialist for banking & finance

“Not only are we able to launch products faster than competitors, but the flexibility of the system means that all of our processes are fully aligned to this new product.”- Le Xuan VU, CIO Techcombank


CorporateSuite

Turning challenges to opportunities with CorporateSuite

Challenges: Opportunities:

Multiple, complex systems

Lack of control and visibility Greater risk

control

Digitization

Cost pressures One transparent view of all accounts

Legacy systems

Regulatoryrisks

Agility and innovation

Enhanced customer

experience

New competition Maximized

profits

CorporateSuite

Reduced incomeWith net interest margins at historic lows, and heightened fee sensitivity from the retail consumer base, the corporate customer has become critical to a large bank’s growth strategy. However, concerns around lending from a risk perspective have also presented a substantial problem for corporate banking earnings.

Market backgroundDeclining profit margins, growing attrition and increased competition means that corporate banks have never before faced so many challenges. A recent survey1 by Temenos found that 62% of corporate treasurers were dissatisfied with their bank. Multiple systemsMany banks operate on multiple systems; having different processes for viewing, originating and servicing customers and often specialist staff. Banks struggle for a ‘single view of the customer’ as product information and data is dispersed across systems that cannot to talk to one another.

Lack of control and efficiencyCorporates expect simplified, seamless processes and the ability to reduce administration by using templates, electronic copies of documents and correspondences and extensive reporting and analysis functionality.

Lack of clarityCorporate customers want a dynamic view to ensure their accounts remain in credit or perhaps to fund regional deals. And as many corporates have multiple bank relationships, this need to have a complete view of their accounts is proving very challenging.


CorporateSuite

1 ePayments Survey, Temenos and IDC, 2014

New competitionOrganizations able to handle transaction volume, with the agility to respond to market needs, are positioning themselves between corporate banks and their clients. These new entrants use technology to deliver low-cost, customer-centric digital services.

RegulationThe G20/Financial Stability Board-led overhaul of global financial services regulation is radically reshaping the industry and keeping abreast with new regulations and managing compliance costs is a growing concern. A system that can adapt to new and existing changes and increasingly complex regulation is essential.

Digitized product expectationsCorporates expect to manage all their finances in one place in real-time. Whether a sole trader or treasurer of a major corporate, a single, real-time view of cash positions, and access to the banking services they need, is vital. Equally important is accessing these services when and where they are needed, across multiple devices.

Increased focus on transaction bankingTransaction banking is becoming increasingly important to corporates. They seek end-to-end cash management solutions to better manage pools of liquidity in multiple regions. They need high levels of cash visibility to understand their liquidity positions and avoid either over- or under-funding subsidiaries.


CorporateSuite


CorporateSuite Data

Bank data provides a rich insight into client behaviors, intentions and attitudes ultimately helping banks better understand, grow and protect their clients. However, many have disparate data silos with no conformity on semantic standards and therefore have difficulty to accessing and integrating the data to analyze different data types conjointly.

Legacy systemsThe cost of maintaining ageing legacy systems typically eats up ¾ of banks overall spending on IT. Leaving only a ¼ to spend on innovation and keep up with the latest technology to be able to compete with new competition.

OverviewA complete integrated banking software solution for corporate banks. It combines an agile core with powerful analytics and a seamless multi-channel user experience platform. Supporting your customers’ liquidity and enhancing their risk management, it provides a complete picture of your customers’ entire product portfolio, managing their credit, trade and cash positions through global consolidation.


CorporateSuite

CorporateSuite, with its scalable innovative technology, provides superior features for corporate banks, supporting profitability, customer acquisition and retention. Now bank customers can benefit from quality digital solutions to equal their retail experiences for all their business banking needs.

Our CorporateSuite customers continue to see the benefit of our advanced modules, with Techcombank having won several awards for Trade Finance and Supply chain activities.

Complete, single solutionOne solution for all corporate banking needs. This includes modules covering trade finance, cash management, forfaiting and factoring, syndicated lending, automatic limit checking, bi lateral lending, international payments and pre and post shipment finance and letters of guarantee as well as a variety of other products.

Transparent, single viewBanks and their clients have a 360° view of their products (including at multi-bank level) in real-time (24/7) and make changes at any time during any stage instantly, mitigating operational and financial risk and supporting liquidity management.


Agility Parameter driven, enabling customization by the user, it offers the highest levels of platform flexibility. Its graphical product builder enables banks to quickly create tailored products at customer segments or individual customer level. This combined with the flexible pricing model enables banks to build unique, tailored corporate products and quickly get them to market to gain a competitive edge.

Control The underpinning technology and frameworks allow for ‘progressive renovation’. This means that banks can choose which modules and components address their business needs and integrate them with existing systems at their own pace.

Customer insightIncludes key indicators relating to the customers Profitability, Loyalty, Attrition Risk and Number of Products, (PLAN). This enhances every interaction of the customer journey, enabling the delivery of innovative products and services, boosting customer engagement, reducing customer attrition and increasing both customer satisfaction.

Intelligent data will also help attracting new customer segments, identifying target markets and new revenue streams all contributing to increased profitability.

Enhanced efficiencyA massively scalable, straight through-processing solution combined with comprehensive business functionality and a modern, advanced, secure, open, modular architecture. It allows you to move to an automated, electronic solution without the need for cumbersome paper based processes for both you and your clients. Products and components can be run on a wide range of stacks, in any application server and, when required, in a multi-tenant or cloud-based set-up to achieve unparalleled levels of infrastructure and operational efficiency.

CorporateSuite

Why customers use it Multiple, complex systems

Lack of control and efficiency

Cost pressures

Digitization

Legacy systems

New Competition

Regulatory risks

FunctionalityCorporateSuite offers you a single fully integrated, front to back, software solution. It enables you to address industry and technology challenges, embrace the new banking landscape and reap the opportunities that this new era of banking provides. It allows you to enter the realms of ‘Experience Driven Banking’ offering a service inline with your clients retail bank experience.

CorporateSuite combines a modern, agile core with powerful analytics and a single UX platform for distribution across all digital and assisted channels. It enables you to be competitive with customer-centric, relevant products and an optimized user experience whatever channel the customer chooses to use. By doing this you will be able to benefit from a competitive advantage; customer retention will increase, customer loyalty will be improved, and wallet share and overall profitability will grow.

The CorporateSuite consists of multiple product families that have an unrivalled breadth of functionality along with strong integration capabilities. Its solutions are modular and componentized in design enabling maximum flexibility and agility both in terms of required functionality and phased implementation.


CorporateSuite

Financial CrimeA range of intelligent, versatile solutions for banks, large and small, to combat financial crime. Comprehensive and highly efficient, banks benefit from reduced operating costs and minimal impact to customers.

Front OfficeIntegrated, role-specific, multi-channel capabilities for corporate banks and their clients to support the running of their business and daily interactions and long-term relationships.

Analytics & ReportingPowerful banking analytics aiming to improve business decisions, optimize performance and enrich customer interaction. Includes key indicators relating to the customers Profitability, Loyalty, Attrition Risk and Number of Products to enhance every interaction of the customer journey, supporting acquisition and retention.

Risk & ComplianceBest in class, affordable risk management solutions with incredible speed to market. Our solutions can integrate with any core and provide a full picture of regulatory concern.

PaymentsA uniquely flexible payment offering that not only gives banks full, real-time control but also a harmonized customer service experience and centralized for cost efficiencies and risk management.

Core BankingFully integrated capabilities, deployable on premise or in the Cloud, highly scalable, built on award winning technology and is available on one single platform. Modules available include Trade Finance, Lending, Cash Management and Syndications.


SuiteFunctionality

IslamicShari’ah compliant solutions that have been specifically designed to support wealth managers’ requirements, serving increasing numbers of wealthy Muslims. This range of highly scalable, established solutions means that Islamic banks can now easily and efficiently access the complete Islamic finance market by offering quality, flexible solutions which are available on premise or in the cloud.

ChannelsGround breaking solutions enabling corporate banks to deliver products and services across multiple channels, on any device and in any language – under a single user experience platform. Corporates can now view and manage all their finances in one place (including at multi-bank level).

CorporateSuite

CorporateSuite

Trade FinanceThis universal module supports a full range of solutions including all of the traditional functions; • Letters of credit (LoC) - imports and exports, transferrables,

confirmations, back-to-back, pre and post financing and Reimbursements.

• Documentary collections – imports and exports, direct collections, avilisations and pre and post shipment finance.

• Letters of guarantees, issued and advised – bid bonds, performance bonds and shipping guarantees.

• Factoring and forfeiting – single and multiple invoice discounting, full or partial disbursement, full or partial settlement, client based rules and facility checks.

Corporate LendingThis module offers complete commercial lending coverage, from loan management and support to servicing, across all lending lines, bi-lateral or syndicated whether short or long term, with real time eligibility checks. This module has been designed to meet the ongoing challenges of today’s competitive lending market and fits seamlessly with other CorporateSuite modules for a complete solution.

Cash ManagementAn agile cash management solution providing complete visibility enabling you to support all your corporate clients liquidity needs. The portal offers full end-to-end cash visibility with full reconciliation, forecasting, reporting and dashboards. Supporting cross-border and cross currency, it offers an overall real time view as both bank and client side. Advanced functionality enables you to offer supreme services, such as forecasting cash positions, executing rules at specified times, and notional pool target balancing. Multi bank liquidity using SWIFT is also available.

Coremodules


Benefits of CorporateSuiteOne view, one solution to drive innovation and growth


Benefiting from data

Single multi-account/multi-bank view

Advanced digital functionality

Actionable customer insights

straight through processing (Swissquote)

single, complete system profitability growth99.9% 1 +

CorporateSuite


53%2 of corporates already use a non-bank and a further 38%3 would consider using one. The threat to your business is real. To survive you must have the efficiency of a single, robust solution while offering advanced digital services to rival any competitor, today and tomorrow.

To hear more on CorporateSuite, contact us at [email protected]

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Temenos Group AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: in the period 2008-2014, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8.6 percentage point lower cost/income ratio than banks running legacy applications.

©2016 Temenos Headquarters SA - all rights reserved.Warning: This document is protected by copyright law and international treaties. Unauthorised reproduction of this document, or any portion of it, may result in severe and criminal penalties, and will be prosecuted to the maximum extent possible under law.

CorporateSuite

2 ePayments Survey, Temenos and IDC, 20143 ePayments Survey, Temenos and IDC, 2014

Temenos CorporateSuite Brochure - Banking Software … · solutions means that Islamic banks can...

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