Temenos, global leader in banking solutions, has announced that Fintech companies and start-ups from Egypt and the Middle East region will get the opportunity to demo their products and solutions to the world’s largest financial institutions, through the Temenos Fintech Innovation Jam. Speaking at the Riseup Entrepreneurship Summit 2015, which takes place in Cairo from 12th – 13th December, Aaron Phethean, MarketPlace Director at Temenos, will reveal how this initiative is set to transform the Fintech ecosystem for the region.
“Innovation is at the heart of everything we do at Temenos,” Phethean said. “We are passionate about the exciting current and future developments in financial services software, and we see a huge opportunity for start-ups from the region to expose their products and solutions through our platform, giving them access to over 2000 financial institutions that serve 500 million banking customers through our customer base and through the MarketPlace app-store.”
Following the success of the inaugural Innovation Jam at TCF (Temenos Community Forum) 2015 in Istanbul, Temenos has now taken the event global with a series of regional Innovation Jams to showcase the latest impressive demos of financial software to banking institutions.
The four international events, with industry expert speakers will be held at exclusive venues around the world:
Each event will include demos from Temenos and its partners with the main emphasis being on innovations from the wider Fintech community though the participation of startups. Fintech organizations can register to get a demo slot (subject to the rules of entry) and get the chance to win a place in the final at the Global Jam taking place at the upcoming TCF in Barcelona, in May 2016.
Each demo will last for 7 minutes and the audience will vote to choose three winners at the end of each event.
Aaron Phethean will be speaking more about the Temenos Fintech Innovation Jam and the Temenos MarketPlace at the Third Annual RiseUp Entrepreneurship Summit on Sunday, December 13th at 12:00pm in the Library of The GrEEK Campus.
About Temenos //
Temenos Group AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 2,000 firms across the globe, including 38 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, they enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1 percentage point lower cost/income ratio than banks running legacy applications.
For more information:
Nihal Abu Ghattas
Regional Marketing Manager, Middle East & Africa