Tagged: temenos

July 8, 2020 @ 10:55 am By Omar Faridi  |  

The global digital banking platform industry reportedly managed to generate $3.95 billion in revenue last year. It’s expected to reach $10.87 billion by 2027, which means it’s projected to expand at a compounded annual growth rate (CAGR) of 13.6% from 2020 to 2027. This, according… Read More

June 23, 2020 @ 9:45 pm By Omar Faridi  |  

Max Chuard, CEO at Temenos (SIX: TEMN), a Switzerland-based banking software company, notes that the COVID-19 outbreak has accelerated the demand for the latest banking technologies and other cost-cutting performance efficiencies. Chuard says Cloud technologies and AI could potentially help banks weather significant socio-economic changes… Read More

March 22, 2020 @ 5:50 pm By Omar Faridi  |  

Switzerland-based Temenos (SIX: TEMN), a banking software company, has teamed up with ClearBank, a challenger clearing bank (the UK’s first new clearing bank in over 250 years), in order to help local banks access UK’s payment platforms and real-time payment services in the cloud. Clearbank’s… Read More

March 5, 2020 @ 7:24 am By Omar Faridi  |  

Billionaire Richard Branson’s Virgin Money, a major financial services brand used by three independent brand-licensees based in Australia, South Africa and the UK, is teaming up with Deloitte Digital and Temenos, a Switzerland-based banking software company.  Through the partnership, Virgin Money plans to establish a… Read More

January 14, 2020 @ 7:08 am By Samantha Hurst  |  

Temenos (SIX: TEMN), a banking software company based in Switzerland, announced on Tuesday it has launched banking distribution services through its Temenos Infinity digital front-office banking product.  Temenos claims that Temenos Infinity is the first core-agnostic product to give banks the ability to continuously transform… Read More

December 9, 2019 @ 12:04 am By Omar Faridi  |  

Banking software developer Temenos (SIX: TEMN) revealed on December 3 that the Egyptian National Post Organization (ENPO) has chosen its cloud-native, cloud-agnostic Temenos T24 Transact, which is described as “the next generation in core banking.” ENPO has also selected Temenos Infinity, an omnichannel online banking… Read More

November 21, 2019 @ 8:39 am By Omar Faridi  |  

Amsterdam-based ABN Amro, the third-largest bank in the Netherlands, recently revealed that its Hong Kong division had introduced Temenos’ payment technology offering, called Temenos Payments, as part of the platform’s global launch. Temenos Payments has reportedly been installed at the institution’s subsidiaries in Australia, Belgium,… Read More

October 19, 2019 @ 11:31 am By Omar Faridi  |  

Finland-based Municipality Finance (MuniFin), a credit institution that offers financial services to municipalities and central government-subsidized housing production, has chosen Temenos, a company that develops enterprise software for banks.  MuniFin will reportedly be using Temenos’ flagship core banking system T24 Transact. Following an “exhaustive” selection… Read More

September 25, 2019 @ 7:58 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has completed the acquisition of U.S.-based digital banking SaaS company, Kony. The acquisition news was originally announced last month, with Temenos agreeing to purchase Kony for an enterprise value of $559 million… Read More

August 29, 2019 @ 8:36 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has acquired U.S.-based digital banking SaaS company, Kony. Temenos reported that the acquisition significantly enhances Temenos’ scale and capabilities in the U.S., adds significant digital expertise, and accelerates digital front office… Read More

July 17, 2019 @ 1:45 pm By JD Alois  |  

Fintech software provider Temenos (SIX: TEMN), has acquired Logical Glue Ltd., a UK-based creator of the “Explainable AI” (XAI) platform. In a release, Temenos explained that the acquisition will accelerate Temenos’ artificial intelligence (AI) roadmap by providing AI credit scoring models that are immediately available… Read More

July 9, 2019 @ 9:34 am By Samantha Hurst  |  

Temenos AG (SIX: TEMN), a Switzerland-based banking software provider, announced on Tuesday it has been selected by Bank of Kigali to power the bank’s digital transformation strategy. Temenos reported: “With Temenos’ packaged and upgradeable banking software, Bank of Kigali Plc will gain business agility and… Read More

May 9, 2019 @ 7:52 pm By Samantha Hurst  |  

Temenos AG (SIX: TEMN), a Switzerland-based banking software provider, announced on Thursday that Judo Bank (formerly Judo Capital), an Australian SME challenger bank, has gone live in record time with Temenos T24 Transact, Analytics, Financial Crime Mitigation and Channels, a module of Temenos Infinity, running… Read More

February 27, 2019 @ 3:58 pm By Samantha Hurst  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, announced on Wednesday it has been selected by Al Rajhi Bank, a Saudi Arabia-based bank, to enhance its Islamic lending and financing product capabilities. The bank has opted for a complete renovation using Temenos T24 Transact as well as… Read More

February 21, 2019 @ 7:51 am By Samantha Hurst  |  

hTrunk, an India-based company that provides big data and analytics solutions to the banking industry, announced this week it has been acquired by banking software firm Temenos. Founded in 2015, hTRUNK stated its product enables smarter data application development on Apache Hadoop leveraging Apache Spark as… Read More

January 17, 2019 @ 6:52 am By JD Alois  |  

Temenos AG (SIX: TEMN), the Switzerland based banking software provider, has added Fintech Raisin to their Marketplace. Raisin is an online service that enables savers to earn the highest interest rate possible in a current account regardless of geography. Temenos provides banking software to more… Read More

January 16, 2019 @ 12:54 pm By Samantha Hurst  |  

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… Read More

December 24, 2018 @ 7:52 am By JD Alois  |  

Digital payment platform and online lender PayPal (NASDAQ: PYPL)  has selected Temenos (SIX: TEMN) to provide digital banking services. The announcement by Temenos was buried in a brief release last Friday. Temenos stated: “PayPal, Inc. has selected Temenos T24 Core Banking. The Temenos T24 banking platform will run… Read More

December 21, 2018 @ 9:58 pm By Samantha Hurst  |  

Temenos (SIX: TEMN) announced on Friday it has completed its acquisition of Avoka. The company previously announced it was acquiring the Australia-based SaaS vendor to further strengthen its Temenos Digital Front Office product, which has more than 300 banking clients and has been recognized as a leader by… Read More

December 18, 2018 @ 8:11 am By Samantha Hurst  |  

Temenos (SIX: TEMN), the banking software company, announced on Tuesday that Isracard, a credit card company in Israel, has selected Temenos T24 Core Banking. Temenos reported its digital open banking platform will help Isracard achieve its strategic goal of simplifying its systems architecture and enabling… Read More