Post by Temenos

Money20/20 Europe made one thing clear for banks across the region: the pressure to modernize is only increasing.   The impact of stablecoins and AI were particularly hot topics, but regulatory change was also prominent on the agenda. With DORA now live, PSD3 progressing, and the EU AI Act taking shape, banks are being asked to do more across compliance, products, and personalization, while engineering teams and IT budgets remain tied up maintaining legacy systems. In his fireside chat with Andrea Zamorano from Amazon Web Services (AWS), Temenos Chief Product Officer Sairam Rangachari made the challenge clear. As these pressures build, the question for many banks is fast becoming: can they afford not to move to SaaS? Throughout the week, we had valuable exchanges with European banks and partners at the Temenos stand, spanning regulatory change, modernization priorities, and the role of SaaS. #Money2020EU