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News > Fintech

Temenos introduces Data Lake

Theo Osborn | 14:42 Tuesday 2nd April 2019

Banking software company Temenos has launched Temenos Data Lake to integrate big data analytics into its banking software.

Data Lake delivers out-of-the-box data integration, preparation and optimisation to power AI-driven banking applications.

It is available on premise and on cloud and is currently live at eight banks.

Data Lake supports multiple underlying database and processing platforms and offers banks combined Temenos core banking and analytics functionality on a single database architecture.

Max Chuard, chief executive officer at Temenos, said: “Many banks are attempting to build data lakes to support their digital banking and regulatory and compliance initiatives.

“However, the cost and risk of development and integration are very high.

“Temenos Data Lake provides a productised, banking specific solution, which is embedded into the cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact products and it also successfully integrates with third-party core banking products.

“This dramatically accelerates delivery and lowers costs.”

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