Doconomy arrives on Temenos Exchange
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Impact Finance is an out-of-the-box UX solution steeped in behavioral science concepts that allows banks to maximize benefits of their core banking technologies to drive both digital product revenues and customer financial wellbeing.
The platform is highly customizable for rapid implementation and seamless integration into retail banks' digital channels. By offering an engaging and gamified digital experience, including the ability for customers to create shared group goals, Impact Finance serves as an ideal organic acquisition channel, effectively attracting new customers. It enables end users to share their dreams with their bank and discover easy ways to make them come true by saving, investing or being offered other banking products that speak to their individual needs.
Leveraging the power of Temenos' Core Banking and Payments solutions, and easily embedded in the bank's digital platforms, Impact Finance allows banks to maximise returns from their current infrastructure, supporting their end customers financial wellbeing, while increasing engagement, loyalty and profitability towards a stronger customer-bank digital relationship.
On the Temenos Exchange, Doconomy joins a selection of curated and assessed solution providers that help banks innovate faster.
Monty Bhatia, EVP, Global Alliances and Partner Ecosystem, Temenos, said: 'We are excited to welcome Doconomy to Temenos Exchange, making their Impact Finance solution readily available to banks globally running on our platform. Temenos Exchange partners deliver innovative complementary solutions, empowering our customers to enhance their services while reducing development costs.'
'We are delighted to be part of Temenos Exchange, joining a vibrant community of innovators dedicated to accelerating innovation in the retail banking sector. The availability of Doconomy's Impact Finance on this platform allows financial institutions to leverage years of behavioral science research, proven methodologies, and battle-tested solutions. It's designed to empower retail banks to maximize their core banking technologies while supporting their customers' financial wellbeing needs and sustainability preferences,' said Mathias Wikström, Chief Executive Officer at Doconomy.
Impact Finance not only allows banks to drive deposits, investments and other digital banking products while supporting their customers' financial expectations and dreams but also has a meaningful impact in terms of sustainability, engagement and loyalty. Banks are able to shape the Impact Finance solution to fit different demographics and engagement levels spanning from save goals to green investments.
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