Temenos Extends Risk Offering for Enterprise Wide Risk Management

Temenos, a provider of banking software, has added Insight Risk Intelligence to its risk offering. The new additions is designed to equip banks with the advanced tools required to effectively support Basel II and III, Asset and Liability Management (ALM) and market risk management in today’s ever-changing market.

Insight Risk Intelligence is an extension of Temenos’ business intelligence suite, Insight. It is fully integrated with Temenos’ other products including core banking system, Temenos T24.

The platform can be deployed out of the box in as little as four weeks and consists of three modules designed to provide banks with the latest tools to addressing advanced risk modelling and the latest regulatory requirements, which can be implemented collectively or separately according to a bank’s needs:

  • ALM provides a wide range of comprehensive liquidity and interest rate risk analytics and reporting including balance sheet modelling, stress testing, duration and liquidity gaps reporting.
  • Regulatory capital provides advanced credit, market and operational risk management capabilities, enabling banks to analyse exposures and accurately calculate regulatory capital to meet full Basel II compliance and assist in the journey to Basel III compliance.
  • Market analytics provides banks with a wide range of analysis tools including value-at-risk (VaR) engine, yield curve modelling and pricing tools so they can extend and improve their analytical capability. A reporting engine that delivers granular and more valuable report generation underpins it.

USB Bank, a growing domestic bank in Cyprus, implemented the regulatory capital module. Deployed in just two weeks, this enabled the bank to achieve full Basel II compliance with extended reporting to cover common reporting (COREP) to meet the central bank deadline. Loukia Loukianou, manager, IT at USB Bank, said: “Achieving full Basel II compliance with our previous system proved challenging; we needed a fully integrated platform to enhance the visibility of our risk exposures and help overcome high volumes of regulatory reporting requirements to achieve the stringent deadlines imposed by the Basel II framework. As Insight Risk Intelligence is interfaced with T24, we were able to plug and play in two weeks, which was vital in meeting the reporting deadlines.”


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