Sustainable IT Strategies to Succeed
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Temenos believes that a sustainable IT strategy for neo challenger banks and Electronic Money Institutions (EMIs) needs to cover some essential focus areas. Go to market, and agile support for products are key. It is crucial to find a tech-partner that can prove its ability to provide a fast implementation. The software support offered needs to be robust and scalable so that rapid growth is possible. With rapid change now being normal, neobanks want to expand into other banking business areas quickly. When they are ready to do this, the expansion must minimise risk, and core business should be supported with the same software. Additional software needs to interlink with the technology that an EMI is offering, so open APIs are key.