The cloud banking platform Temenos is to offer its Temenos explainable artificial intelligence (XAI) on Oracle cloud infrastructure (OCI) through its collaboration with the computer technology corporation.
The collaboration will allow Oracle’s customers, including the numerous financial services organisations it serves around the world, to deploy Temenos’ XAI and machine learning capabilities via the Oracle Cloud marketplace.
Temenos’ XAI technology addresses one of the critical issues for organisations using AI applications; namely, they typically operate as ‘opaque boxes’ offering little if any real insight into how they reach their decisions.
Temenos XAI unveils a new level of transparency, helping businesses explain clearly, in plain language, to customers and regulators how AI-based decisions are made.
Temenos has produced a platform-agnostic, stand-alone product that integrates through an easy-to-use interface or APIs with any third-party product.
Having undergone thorough testing and validation on OCI, Temenos customers can now leverage XAI capabilities with the enhanced resilience, data privacy, security, and service level agreements (SLAs) of OCI.
Temenos XAI offers a solution to financial and non-financial customers, helping them create smoother customer journeys and automating manual processes to generate novel financial services and applications with XAI capabilities.
“Temenos has adopted a partner-first strategy to drive open collaboration and innovation in the industry. Temenos XAI on OCI is a great example, extending the reach of our powerful solution to more banks and businesses on Oracle Cloud,” comments Hani Hagras, chief science officer at Temenos.
‘With increasing reliance on AI and machine learning technology to automate decision-making, there is a real need and opportunity for businesses to adopt true XAI models. We help organisations to deliver unbiased, safe and fair AI applications, helping them identify issues as they arise and build trust with customers and regulators alike.”
Abiy Yeshitla, VP ISV and cloud solutions at Oracle, added: “Our partnership with Temenos brings dynamic XAI technology to OCI, enabling businesses to store and process vast quantities of data, securely and reliably.
“With Temenos XAI, our customers now have an additional trusted solution to leverage their data to improve efficiency and automated decision-making in a transparent way. Our goal is to minimise risk and create value from data, accelerating business innovation and therefore performance.”
Oracle Cloud marketplace is ideal for Oracle customers that are seeking business applications that offer unique business solutions, including ones that extend Oracle Cloud applications.
Oracle Cloud is an enterprise cloud that delivers non-variable performance and security across a portfolio of services, including software-as-a-service (SaaS), application development, application hosting and business analytics.
Customers get access to compute, storage, data management, security, integration, high-performance computing (HPC), AI and blockchain services to augment their critical workloads.
