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Temenos addresses challenges and opportunities of South African banking sector

More than 60 experts from 30 banks and financial institutions are expected to take part in this initiative over the coming year. (Image source: rawpixel/Unsplash)

Temenos, the banking software company has announced the launch of its South African “Bank of the Future” Think-Tank

The venture, which brings together some of the brightest minds in South African banking on a quarterly basis, aims to address domestic and global challenges and opportunities for financial institutions in the country.

More than 60 experts from 30 banks and financial institutions are expected to take part in this initiative over the coming year, promoting knowledge creation and sharing as well as actively responding to the complex opportunities and challenges of today’s banking environment.

The think tank also plans to release a series of short videos and a report by the end of 2019 that will include insights and conclusions derived from the series of events and proprietary data from Temenos to give a deeper insight into banking in South Africa today, tomorrow and far into the future.

The inaugural think-tank gathering, taking place at the Equinox Leadership and Innovation Centre in Johannesburg on 22 November will begin the series by discussing the concept of banks becoming digital to the core. John Schlesinger, chief enterprise architect for Temenos will facilitate the discussion on the day.

Jean-Paul Mergeai, managing director of the Middle East and Africa at Temenos, commented, "An important part of what we do at Temenos is to create and foster a community within the banking and fintech ecosystem. Our clients, partners and our MarketPlace technology providers form the most dynamic banking technology community.”

“Our industry is facing structural changes right now in terms of customer expectations, regulatory requirements, new entrants as well as a genuine technological revolution. Through this think-tank, we are creating a forum where leading bankers from South Africa can come together to share knowledge and address the challenges and opportunities they face on a day-to-day basis,” he added.

“With some of the world’s most innovative and technologically advanced financial institutions coming from South Africa, this seemed like the perfect country to lead this conversation on what the Bank of the Future will look like,” Mergeai concluded.

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