solutions for a connected world · islamic lc finance. bai salam. murabaha. istisnaa &...

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Solutions for a connected world

Fadi Yazbeck, IslamicSuite Product ManagerIslamicSuite: achieving excellence in innovation

19th May

#TCF2016

1. Islamic Banking – opportunities and challenges

2. IslamicSuite – Digitization through channel solutions

3. IslamicSuite – Customer engagement through core flexibility

4. IslamicSuite – Innovation through empowerment

5. Demo

Agenda

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Islamic banking assets growing strongly

Source: EY World Islamic Banking Competitiveness Report 2016

333 385 455515

606

159152

143117

9350

53

6984

892428

20

17 490

490882

16%

12%

2010 2011 2012 2013 2014

GCC ASEAN Turkey & ROW South Asia

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US$10.8bn Islamic banking profit pool in 2014

Increase in market share of Participation banking

Potential profit pool from business as usual

Potential incremental profit resulting from transformation improvements Source: EY World Islamic Banking Competitiveness Report 2016

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But with opportunities come challenges

Source: EY World Islamic Banking Competitiveness Report 2016

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Focus (and investment) must be on some key areas 6

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IslamicSuite: Digitization through channel solutions

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US$15-50m spend agreed by 40 Islamic banks for digital initiatives over next few years

Digitization: ending the silo’s

Branch Call Centre Internet Mobile

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Devices

Channels

Islamic Core

Core Banking/TAP Banking Applications Temenos Connect

User ExperiencePlatform UXP

Responsive

Flexible

Configurable

Extensible

Componentised

Digitization: one platform across all solutions is required 9

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Multiple Products …one brand experience 10

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IslamicSuite:Customer engagement through core flexibility

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How it often is

Shari’ahCompliance

Efficiency and Flexibility

Islamic Bank

Retail Bank

Islamic banks deserve the same service 12

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How it often is



Islamic Bank

Retail Bank


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Islamic banks deserve the same service

How it should be



Agility

Compliance

STP

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How it should be



Agility

Compliance

STP

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Agility

Compliance

STP

Efficiency

Compliance

Agility

Agility

Compliance

STP

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Islamic Banking

Focus

Investment

Quality services and solutions

Other issues faced today by Islamic banks

Large scale operational transformation

Profitability

Product holding

Financial system

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IslamicSuite Core Banking features offer so much more

Compliance

Accuracy & ControlAgility

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With a complete set of Islamic financing products

Mudaraba Financing Qard Hasan Bai Ajel

Ijara Islamic LC Finance Bai Salam

Murabaha Istisnaa &Construction Finance Musharaka

Shari’ah Compliant Worfklow

Automated Processes and Accounting Entries

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IslamicSuite:Product Innovation through empowerment

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Product Innovation: product adoption is lower than average 23

2.1 Islamic Banking product

holding

Expensive financial products

Distorted regulatory and tax incentives

Lack of innovative products

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Product Innovation: 2nd major focus for Islamic Banks 24

26%

21%18%

16%

12%7%

Channel innovation Product innovationProcess innovation Customer service and experience innovationSales and marketing innovation Other innovation

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Islamic Banking Product Builder

Responsive to changes

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Product design and servicing become enterprise levelfunctions

Business feature / functions are encapsulated in a set of re-usable product components

Innovative and customisable product engine

PRODUCT DESIGN & DEFINITION

PRODUCT COMPONENTSAccounting

Payment Schedule

Payout Rules

Eligibility

Activity Restriction

Payment Rules

Tax

Modaraba Profit

Activity Mapping

Overdue

Change Product

Bundle

Customer

Activity Presentation

Payoff

Closure

Officer

Activity Messaging

Profit

Alerts

Limit

Activity API

Charge

Settlement

Account

Term Amount

Activity Charge

Periodic Charges

ActionsAttributes

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Innovative and customisable product engine

Product Lines Term Deposits Account Product BundlesFinancing

Customer Officer Limit Account Accounting Activity Restriction

Activity Mapping


Activity Messaging

Activity API Term Amount Payment Schedule

Payment Rules Overdue

Payoff Profit Charge Activity Charge Payout Rules Tax Change Product

Closure Alerts Settlement Periodic Charges Eligibility Modaraba Profit Bundle

PRODUCT COMPONENTS

ActionsAttributes

Different products can be constructed by combining existing components

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Product GroupProduct Families

Customer Officer Limit Account Accounting Activity Restriction

Activity Mapping


Activity Messaging

Activity API Term Amount Payment Rules Overdue

Payoff Profit Charge Activity Charge Payout Rules Tax Change Product

Closure Alerts Settlement Periodic Charges Eligibility Modaraba Profit Bundle

PRODUCT COMPONENTS

Deposit

Term

Savings Account

Child

Customer Account Accounting Activity Mapping

Term Amount Payment Rules

Payoff Tax

Periodic Charges Eligibility

Product Lines Term Deposits Account Product Bundles

Banks can define product hierarchies with product groups and families

New products can be launched simply and quickly using the hierarchy

Payment Schedule

Innovative and customisable product engine 28

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Temenos: focused on the future 29

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Demo

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Questions/Discussions

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Thank you

solutions for a connected world · islamic lc finance. bai salam. murabaha. istisnaa &...

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