TEMENOS, MAS JOIN FORCES TO BOOST SUSTAINABLE FINANCE

KUALA LUMPUR, Nov 17 (Bernama) -- Temenos, the world's leading open platform for composable banking, has collaborated with Gprnt, a new integrated digital platform launched by the Monetary Authority of Singapore (MAS).

In a statement, Temenos said the collaboration aimed to cooperate on technology solutions, explore data integration and foster product development innovation capable of powering the future of sustainable finance.

Temenos Chief Technology and Innovation Officer, Tony Coleman said the company has integrated ESG into its operations and product offerings, providing banks with the technology needed to help them transition to a low-carbon economy and achieve their ESG goals.

“We look forward to supporting Gprnt and exploring opportunities that will help mobilise capital, monitor sustainability commitments, and measure impact,” he said.

Temenos is the first core banking software vendor to collaborate with Gprnt and will join MAS and partners on the environmental, social and governance (ESG) Stage at the Singapore FinTech Festival 2023 to discuss the potential opportunities that Gprnt will open up to better support financial institutions’ balance sheet decarbonisation, ESG risk management and regulatory compliance needs.

Gprnt is the culmination of MAS’ Project Greenprint and aims to address the financial sector and real economy’s needs in collecting and accessing trusted climate- and sustainability-related data.

Temenos Banking Cloud, Temenos’ Software as a Service (SaaS) offering, helps banks decrease energy use and minimise greenhouse gas emissions up to 95 per cent compared to on-premise deployments.

The company also continues to improve the efficiency of its code to minimise its environmental impact, by 32 per cent improvement in the latest software release validated by GoCodeGreen. With the Temenos Carbon Calculator, an industry-first, Temenos’ clients get carbon dioxide emissions insights from their actual use of Temenos Banking Cloud.

Furthermore, Temenos ESG Investing solution helps banks meet reporting standards while offering products that allow their customers to choose investments based around their own values.

It tops global indices and ratings including a Triple A MSCI ESG rating and a top ranking in Dow Jones Sustainability Indices, and is the only banking technology company to have ambitious carbon emissions reductions validated by the Science-Based Targets Initiative (SBTi).

-- BERNAMA