Temenos First To Launch Secure Generative Ai Solution In Banking To Help Banks Offer Personalized Experiences

Temenos has launched an industry-first secure solution for banks using Generative Artificial Intelligence (AI) to automatically classify customers’ banking transactions. This solution enables banks to classify and label customer transactions from free text narrative automatically and with a high degree of accuracy in different languages. Temenos is a leader in Explainable AI and is the first to deploy Generative AI and Large Language Models (LLM) in banking with a solution for transaction classification. The new product provides a secure Generative AI solution where the models are trained on anonymous data and in production, the final models are encrypted.