Validata Blog: Talk AI-powered Testing

Technical debt (also known as code debt, but can be also related to other technical endeavors) is a concept in software development that reflects the implied cost of additional rework caused by choosing an easy (limited) and fast solution now instead of using a better approach that would take longer. In short, when developers take shortcuts that enable them to quickly deliver features or functionality to keep up with deadlines and customer demand but with the risk of compromising software quality and maintainability.

The pressure is on for banks to become digital and make sure their customers are happy. They are becoming more customer-centric to keep up with the competition and survive. The better a bank knows its customers, the better it can anticipate the products, services and actions that will create a positive and profitable customer relationship. Done right, you can serve customers better with an understanding of their customers’ behaviour and patterns using predictive analytics.

Traditionally requirements have been managed in flat requirements documents or management software which represent requirements as text. This makes it hard to have a holistic view of the requirements and their associations, and see the size, scale and complexity of a project. In most cases the result delivered often looked very different from what the business had envisioned.

Now that digital transformation is the new normal for banks and financial services organisations, Temenos has become much more than a core banking system. The Temenos digital core serves as the central nervous system of the “intelligent enterprise” and taking full advantage of digital transformation opportunities involves migrating to the latest Temenos releases and moving Temenos deployments to the cloud.