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A new type of payments hub; designed by banks for banks [Banker Middle East](Banker Middle East Via Acquire Media NewsEdge) This is why when ABN Amro Bank N.V. approached Temenos with their need for a new type of payments hub and their desire to design and develop it with a banking software provider, we saw an opportunity to break this mould. A solution that truly addresses the payment markets needs The bank couldn't find a solution within the market that was sufficiently agile to meet their evolving requirements. By designing a solution together with an end user it meant that a full understanding of the bank's needs could be addressed, and of course, their customers' needs in turn. All too often software solutions are built based on limited research and feedback from the market and prospective clients provide feedback too late in the design stage. Because our partner bank was there from the outset and is so established, we were able to really listen to the everyday problems that it (and banks in general) experienced and build these into our system, Temenos Payment Suite (TPS). Agility, giving the control back to those who need it One huge appeal to ABN Amro Bank N.V is that TPS is a condition and data driven solution which enables real-time changes. Not only does this mean that the bank now has control to quickly and effectively react to changing market demand and competitor threats, but this also removes the complexity of these changes therefore reducing the need for detailed testing and other associated risks and costs. These features were essential to the bank when designing the solution and addressed the gap in the market that it wasn't able to find elsewhere. This functionality means that TPS can easily be moulded to other individual bank needs. In addition, a flexible approach means that TPS can operate with any payment type, format, source and channel as well as any core or back office system. In essence, this approach enables the payment system to grow and develop as the bank evolves. TPS, a growing customer base Three banks have already selected to benefit from TPS, all believing that they will be in a better position to support future growth and system enhancements to ensure that they remain at the forefront of innovation. Moving to a unified, functionally advanced payment platform will support these new TPS customers in increasing customer convenience, enhancing the time to market of products and services, reducing operating costs, and developing strategies within their regional offices and internationally. (c) 2014 CPI Financial. All rights reserved. Provided by SyndiGate Media Inc. (Syndigate.info). |