Economist Impact report for Temenos: Europe’s banks are challenging the challengers
According to the study, “ Challenging the challengers: Europe’s banks face the competition ”, almost half (43%) are investing in fintech start-ups and a third (36%) are building their own greenfield digital bank or fintech company.
- According to the study, “ Challenging the challengers: Europe’s banks face the competition ”, almost half (43%) are investing in fintech start-ups and a third (36%) are building their own greenfield digital bank or fintech company.
- European banks are also migrating core banking systems to public cloud and SaaS in greater numbers than their counterparts in other regions.
- The report reveals European banks are more likely to view neobanks as their company’s biggest competitors in the next five years compared to other regions.
- The company also recently announced Temenos LEAP , a new AI-powered offering that helps banks modernize faster to the latest cloud-native Temenos technology.