Banking software company Temenos announced on Wednesday the launch of its two new cloud-native, cloud-agnostic products, Temenos Infinity and Temenos T24 Transact. According to the company, these two products are to help accelerate cloud adoption and will combine complete banking functionality in the market, leveraging 25 years of functionality from 3,000 banks in over 150 countries with the most advanced cloud-native, cloud-agnostic, API first technology and design-led thinking.
Temenos reported that through APIs, both products can be implemented independently or integrated. Clients will be able to roll out new applications in hours utilizing advanced continuous deployment tools and methodologies. The descriptions of the products are below.
- Temenos Infinity: An independent, omni-channel digital banking product which helps banks transform multiple siloed banking channels and legacy applications into a fast, consistent, frictionless customer journey.
- Temenos T24 Transact: Takes the deep and extensive banking capabilities of Temenos T24 Core Banking.
Temenos Infinity and Temenos T24 Transact can be deployed on-premise, in a customer cloud or managed by Temenos Cloud. All products run on Microsoft Azure, AWS and the Google Cloud platform. While sharing more details about the products, David Arnott, CEO of Temenos, stated:
“We have been at the forefront of innovation for the last 25 years, investing over 20% of our revenues in R&D and we were the first to launch a core banking system in the cloud in 2011. This marks another key milestone as we revolutionise our banking software to accelerate cloud adoption. We see the market opportunity for packaged software expand significantly as banks look for a faster time to value.
The conversion from Temenos’ existing Digital Front Office and T24 Core Banking products are automatic and upgrades for existing clients to the new cloud-native, cloud-agnostic Temenos products are available from April 2019.