Temenos Regional Forums. 24 July 2018 Sydney, Australia

Transcription

1 Temenos Regional Forums 24 July 2018 Sydney, Australia

2 Instant Payments Jitesh Malik, Regional Sales Manager (Transaction Banking), Temenos Tuesday, 24 th July 2018

3 Agenda Payment Market Developments Instant Payments: The So what Considerations for building a compelling business case How Temenos can help in your payment transformation journey Summary and Q&A

4 Payment Market Development Sharp increase in payment volumes Increased customer expectations Challenging regulations and risk environment Banks need a modern solution to remain competitive New global standards (ISO20022) Rise of non-bank players

5 Instant Payment key differences to other payment types Single credit transfers completed within seconds of initiating the payment Instant transfer of value Payment is irrevocable Instant confirmation of the payment Available 24/7 Payment is timestamped; Beneficiary bank rejects if time limit is exceeded Net or Gross Settlement Based on ISO20022 standard rich data can be exchanged with payments 5

6 Changing Payment Landscape Instant payments is a game changer Corporates demand Instant Payments Regulatory push delivers faster adoption of Instant Payments and Open Banking Cross-border real-time payments are on the horizon, however interoperability will take time SWIFT GPI Asian Payments Network (11 countries); Global Payment Network - Future Connectivity to EACHA and TCH In addition for Instant Payments, banks looking to centralise all payments traffic through creation of regional hubs Instant Payments is a pre-requisite for becoming a Digital Bank source: EY, Immediate Payment- Current State and Future Possibilities

7 Instant Payments - So what 7 Consumer Experience Convenience Security Ubiquity Reduced or No Fee Merchant Irrevocability Instant Receipt of Fund Protection against fraud Competitive Fee Corporate Visibility and control Process Efficiency Availability of funds Government Promote competition & innovation Foster efficient overall economy Risk Management Instant Transfer of Value + Instant Confirmation = New Value-add Services Request to Pay services payer & payee agree payment options (pay now, pay later, pay part, decline!) e/m-commerce without e-wallets and cards (Instant Fulfilment) Supplier Payments, Mobile Collections, Loan Disbursements, Tax Payments, Others Opens door to monetise rich and contextual data sent with payment messages 7

8 Business Case: 3 Dimensions / 8 Levers D1. Payment Modernisation Benefits D2. Operating Model Benefits & Revenue Uplifts D3. Customer Experience & Service Improvements Operational Efficiency Substitution Impact Future Flexibility and Maintenance Benefits Direct Participation Benefits Agency Banking Services New Products & Overlay Services Complaints Reduction NPS Impact Higher STP Rates Higher Operating Lower Error Rates Margins Enhance productivity Increase Regulatory Control Radar& Service Brand Image Levels Higher Payment Lower Remediation Volumes (Instant New Cost Sustainable Payments) Revenue Stream Customer Affinity Higher Economy Growth of Scale Higher Customer Faster Time to Market Satisfaction Universal Hub Leverage Payment Reduced Risk & Data Reduced Maintenance Up-Sell/Cross-Sell Cost New Products

9 Multiple paths to modernise your payments landscape Upgrade T24 Core banking and turn on TPH Power of unified core banking and payments on a single platform Winner: Payments Innovation of the Year Install TPH as Standalone solution Continue to use your existing version of T24 Core banking and integrate with a standalone TPH Best-selling Digital Banking & Channels Integrate with any external (non-temenos) Core banking solution Deploy on the cloud Embedded or as Standalone Best-Selling Payments System

10 Temenos Payment Hub Demo TPH Solution seamlessly handles all type of payments (including but not restricted to Instant Payments TPH Mines / Analyzes Payment at real-time Designed for bank to focus on revenue realization and innovation

11 Thank you!