Temenos Launches Data Lake to Fuel Next-Generation AI-Driven Banking Applications

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A recent press release reports, “Temenos, the banking software company, today launched Temenos Data Lake and is first to market with a robust, productized data lake that integrates big data analytics into its banking software. Temenos Data Lake delivers out-of-the box data integration, preparation and optimization to power AI-driven banking applications. Banks require a robust big data and advanced analytics capability to compete with the analytically driven new market entrants. Banks struggle with the ingestion, cleansing, blending, and optimization of data to prepare it for analytics and AI applications. Many banks are attempting to build internal data lakes to solve these issues with high costs and high failure rates. With Temenos Data Lake banks can now store and process all the data they need to power smarter applications from a single source and achieve higher performance at a very low TCO as opposed to building data lakes in-house, which is costly with high development and integration risks.”

The release goes on, “Temenos Data Lake is part of the market-leading Temenos Analytics product which is embedded into cloud-native, cloud-agnostic Temenos Infinity and Temenos T24 Transact. Temenos Data Lake supports multiple underlying database and processing platforms including Apache Hadoop and is also pre- integrated with NuoDB, the enterprise-class, distributed, cloud and container native database, offering banks combined Temenos core banking and analytics functionality on a single database architecture. This dramatically accelerates deployment, eliminates complexity and removes integration costs.”

Read more at Business Wire.

Image used under license from Shutterstock.com

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