Tagged: temenos

Global Digital Banking Platform Market to Surpass $10 Billion by 2027: Report

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

Digital Transformation Report: AI, Cloud based SaaS, and the Latest Fintech will Transform Banking in Next 5 Years

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

Digital Banking: ClearBank and Temenos to Help UK’s Banks Access Real-Time Payment Services via the Cloud

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

Billionaire Richard Branson’s Virgin Money Partners Deloitte Digital, Temenos to Launch Digital Bank in Australia

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

Temenos Launches Banking Distribution Services in Cloud Based Microservices Temenos Infinity

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

Banking Software Developer Temenos Reveals that the Egyptian National Post Organization will be Using its Technology

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

Netherlands’ 3rd Largest Bank: ABN Amro’s Hong Kong Division Introduces Tenemos’ Payment Technology

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

One of Finland’s Largest Financial Institutions MuniFin Selects Enterprise Software Developer Temenos

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

Temenos Announces Completion of Kony Acquisition

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

Temenos Announces Acquisition of U.S. Digital Banking SaaS Company Kony

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

Temenos Pushes Into Artificial Intelligence with Acquisition of Explainable AI Platform

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

Bank of Kigali Selects Temenos to Power Digital Transformation Strategy

Fintech

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

Australian SME Bank Judo Goes Live With Temenos

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

Temenos Announces New Partnership With Al Rajhi Bank

Fintech

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

Temenos Acquires Big Data & Analytics Solutions Provider hTRUNK

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

Raisin Added to Temenos Marketplace

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

Temenos Launches Two New Cloud-Native Cloud-Agnostic Products to Accelerate Cloud Adoption

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

Temenos Banking Software Selected by PayPal

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

Temenos Completes Avoka Acquisition

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

Israel Credit Card Company Isracard Selects Temenos T24 Core Banking

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

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