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Developer CommunityAccelerating your Innovation withTemenosDeveloper Community
BANKS ARE REALISINGTHE TRUE OPPORTUNITIESOF OPEN BANKING.41%see their business modelsevolving towards acting as true digitalecosystems.*28%expect to maintain their ownproduct offerings and become anaggregator of third-party bankingand/or non-banking products.*In a world where customer experience,customer relevancy and conveniencehave long been prerequisites for digitalbanking success, accessing and utilisingAPIs (Application Programming Interfaces)that enhance, enrich and enable productsand services, is fast becoming a criticalelement of any banks digital strategy.As the Banking industry continues on its journey of digitaltransformation, APIs are emerging as a new digital channelof engagement alongside the more established digitalchannels of online and mobile banking. The creation of newbusiness models, additional revenue streams and operationalefficiencies form exciting aspirations built on the API story.Open Banking, allowing secure data sharing with thirdparty developers via API interfaces,presents opportunities toinnovate for both third parties and banks. Traditionally, bankshave behaved as siloed, vertically integrated institutions thatdevelop, or manufacture, banking products and distributethem to end user customers.The new world of Open Banking offers the possibility ofbreaking the link between manufacturing and distribution, orat the very least, fracturing it in the future. Vertical integration,whilst still a valid model, is no longer the only method ofcreating and distributing banking products and services tomarket. It is complemented by a much wider ecosystem ofthird parties, supporting both the manufacturing processas well as the distribution of products and services. Fasterinnovation will leverage combined capabilities and productagility to deliver better customer value and drive customeracquisition along with more engaging customer experiencesto improve customer retention.*Source: The Economist Intelligence Unit2
Building anEcosystemWhatever the size or maturity of yourbank, there is the potential to driveinnovation through building an ecosystemof solutions around your core systems. It isnow much quicker and more cost effectiveto plug in existing solutions from the marketwhich more often than not, are offered ascloud-based services.The Temenos Developer Portal builds on this byoffering hundreds of standardised, published Enterprise APIendpoints across PSD2, Payments, Fund Administration andmany more. Our API catalogue offers hundreds of “out of thebox” Enterprise APIs so that you can get innovating quicker,with use cases to give you examples of what you can do.Temenos APIs are categorised as Experience APIs, EnterpriseAPIs and Extensible APIs allowing you to customise andextend our solutions, to meet your unique banking needs. Theability to customise functionality is possible through the natureof our extensible APIs, which exist because our software wasdesigned and built from the beginning, to be API-first. Enterprise APIs allow a customer to take the basic “outof the box” APIs found in our API Catalogue and useour tools to modify them to suit the needs of the bank/use case/solution that is being built. Having a toolboxof APIs that can be completely refined or improved isincredibly powerful in ensuring you get the most effectiveAPIs for your needs. Experience APIs are fixed APIs that are designed toallow rapid integrations and reliable and standardcommunications between the Temenos platform and3rd party providers of solutions, the bank’s own internalsystems (such as through an ESB), or other externalmechanisms. PSD2 is the most common example of anexperience API because the experience of using the APIis the same from one implementation to the next.Temenos MarketPlace provides access to dozens ofpre-validated FinTech applications to help our clients easilyengage with new technologies with the comfort of knowingthat the technology has been pre-validated with Temenossoftware and proper due diligence has been completed,allowing you to get on with your innovation program.Temenos offers packagedsoftware that covers a largeproportion of a bank’srequirements across digitalbanking, bothFRONT ENDInfinityBACK ENDT24 Transact
Reducing Cost and Complexity ThroughStandardised IntegrationAPIs enable financial institutions to use standardised integration patterns to reduce thecost and complexity of user interface development and system integration. They arethe foundation to building an ecosystem of applications that the most successful banksleverage to innovate faster, at a lower cost.At Temenos we take on average one client live every dayand we know that integration is one of the most complexand time consuming activities of any implementation project.Efficient and effective software products are not just aboutbusiness capabilities, they should be designed to interfaceeasily with other systems. Moreoever, the interface to eachbusiness capability should be specified before writing anycode. This is what we call API-first and we have always builtour software with this in mind.20% of Temenos revenues are directedto R&D, nearly 1.9 billion USD over the lasttwo decades allowing you to invest more inyour innovation program.The capabilities that we develop must be designed towork in a multitude of contexts with varied and changingapplications and they must be flexible to adapt to ourclients unique needs. Temenos’ APIs are pre-packagedand extensible, meaning our clients are able to customisetheir APIs to their business requirements without coding. Weprovide the tooling and wizards to generate the APIs; yousimply select which service you want to expose, which data,and then click a button and the tool generates the API (APIdesign manager). Our APIsare available across a widevariety of banking segments from retail to corporate, wealthmanagement to treasury and fund administration to meet allof your banking requirements.APIs are the foundation to building an ecosystem ofapplications that the most successful banks leverage toinnovate faster, at a lower cost.4
RETAIL BANKS PLAN TO BUILD NEW DIGITAL BANKS.Although banks’ innovation strategies remain focused on digitisation, open bankingand their partnerships with fintechs, they are also looking to build new business unitsand brand from scratch.36%The top innovation strategythis year is focused on buildingGreenfield digital banks.*Engaging Temenos’Developer CommunityThe Temenos Developer Community was created by developers, for developers.Members of the community come from across the industry, Banks, Partners, Fintechs andTemenos’ own developers. Whatever your circumstances there are ideas, APIs and usecases waiting for you to explore.You may be a large established bank looking to enhanceexisting products or to set up a new digital-only bankfree of legacy system constraints. Perhaps you are a smallto medium-sized bank looking for out-of-the-box APIfunctionality and access to Temenos expertise to supportyour development questions. You may be a FinTech who hasidentified a niche customer need looking to see what youcould create with the Temenos platform.Whatever your circumstances, Temenos DeveloperCommunity offers the support, information and access toexperts that you need to take your idea and make it a reality.*Source: The Economist Intelligence Unit5
THERE ARE TWO ELEMENTS TO THE TEMENOS DEVELOPER COMMUNITY:Temenos Developer PortalTemenos MarketPlaceis where you can access the latest publishedAPIs from Temenos using our API catalogue.It is also where you can engage with otherdevelopers and Temenos product experts.is a curated ecosystem where we nurtureand onboard our growing community ofcutting edge FinTechs offering the latesttechnology solutions to our clients. Offers access to a published catalogueof hundreds of API endpoints acrossPSD2, Payments, Digital Engagement,Core banking, Wealth, FundAdministration.Temenos MarketPlace offers unique accessto a wide range of pre-validated FinTechsto help you quickly deliver new productand services to market without the time andexpense that is usually associated with duediligence process requirements. Shared or dedicated Temenossandboxes available to get youinnovating quickly. Access to Temenos product expertsfor members of the Developer Portalto answer your product questions anddevelopment needs. Over 100 products on TemenosMarketPlace from over 90 Providersserving five hundred million customersat over three thousand banks. Use cases and API documentation tosupport your developments as well asinformation on our events programmewhere you can engage and build withTemenos developers and Partners.BANKS ARE BECOMINGOPENLY INNOVATIVE.29%are looking to collaborate with fintechsand other technology providers totest new propositions in regulatoryframeworks that encourage innovationand protect customer interests.*56%believe that fintech-bank collaborationwill become mainstream by 2025.**Source: The Economist Intelligence Unitprovides accessto dozens ofpre-validated FinTechapplications to helpour clients easilyengage with newtechnologies
Benefits API-first architecture - Temenos offersAPI-first architecture across both ourDigital Front Office and Core Bankingproducts, Temenos Infinity and TemenosT24 Transact.OPEN BANKING ANDDIGITAL BANKINGARE THE STRATEGICPRIORITIES. Extensibility - Enabling extensions tostandard APIs to suit your precise needs,created using an API designer tool.Long term, Standardisation - pre-defined APIsthat meet published specifications such asBerlin Group, STET. Upgradeability - our APIs areupgradeable like our software and ourpublished APIs are maintained andversioned. Sandbox Access - Membership toTemenos’ Developer Portal providesaccess to shared and dedicatedsandboxes.the priority is on masteringopen banking (30%) and digitalengagement (27%), both of whichrequire changes to the businessproposition and how each bank’sinfrastructure interacts internallyand with third parties.*Short-term focusdiffers, driven by product agility(32%) and mastering digitalmarketing and engagement (31%).* Access to product experts toanswer your questions through TemenosDeveloper Portal Pre-validation and due diligenceof FinTech solutions done for your withTemenos MarketPlace.JOIN OUR DEVELOPER COMMUNITY*Source:The Economist Intelligence Unit
Sep 20, 2019 · Benefits OPEN BANKING AND API-first architecture - Temenos offers API-first architecture across both our Digital Front Office and Core Banking products, Temenos Infinity and Temen
