Temenos: Launches Virtual COO for SMEs
- Temenos AG is the world’s leader in banking software combining the richest packaged functionality and the most advanced cloud-native
- SMEs make up 95% of businesses in many countries, and yet they are consistently underserved by banks around the world
- Canadian Western Bank (CWB) innovated together to develop an Explainable AI-driven (XAI) solution
- Often SMEs see banks as a barrier to growth rather than a trusted partner, experiencing a $5.2 trillion funding gap worldwide
- Despite SMEs being the lifeblood of our economy, they have long been underserved
- With a $5.2 trillion funding gap, the opportunity is enormous if financial institutions leverage technology to deliver intelligent solutions
