Temenos Group AG Among Apps Top 500

2, Rue de l'Ecole-de-Chimie

Geneva, x, 1205, Switzerland

41 22 708 11 50



Temenos Group AG Strengths, Domain Expertise, and Key Differentiators

Temenos operates as a provider of banking software provider company. Temenos Suites provides the solution for banks to serve up the right customer insights at the right moment, via the right channel, at the same time as driving massive efficiencies in the back-office: in short, they offer front office differentiation with back-office automation. The company offers its clients a set of complete front-to-back, integrated banking and finance software solutions that provides them with the full package for their specific needs.

The company offers solutions by industry, as CorporateSuite, RetailSuite, Lifecycle Management Suite, WealthSuite and many others. The Temenos Suites not only empower banks to transform their customers’ experience but overcome the long-standing barriers to investment by, for example, enabling banks to progressively renovate systems, thereby speeding up time to value and lowering risk to value.

Temenos Group AG Recent Developments

In September 2021, Temenos, Video, a fully cloud-based online banking (BaaS) provider, and Aion Bank, a digital bank and authorized credit institution in Europe, have launched a strategic collaboration aimed at accelerating the deployment of Bank as a Service (BaaS) in Europe.

The first banking services to be launched combine Temenos' Banking Cloud with Vodeno's debit and credit card management and payment processing services. This will allow banks and businesses in all sectors to expand their portfolio of products offered to their customers, by automating and seamlessly integrating new payments and debit card services into their customer journeys. The collaboration between the three parties removes the complexities and regulatory arrangements from the deployment of financial services in Europe. Customers will take advantage of a reduced time to market and business agility to develop new offerings for their customers.

In July 2020, Temenos launched a SaaS Explainable AI (XAI) model to help fund administrators, insurers and asset managers and custodians improve operational efficiency by leveraging static and transactional data patterns, coupled with human judgement and expertise. Using Temenos XAI technology, fund accounting teams can reduce the number of manual interventions in their exceptions management processes by identifying price threshold breaches caused by the extreme market volatility caused by COVID-19. This can help reduce manual validation by up to 80%.

In November 2018, Temenos entered into a technology partnership agreement with NuoDB, an enterprise-class distributed SQL database provider. This partnership further strengthens Temenos open strategy to work with all database vendors that are able to answer the demands of scale in the cloud. Additionally, Temenos has made an investment into NuoDB, taking a minority stake in the business.

Earlier in September 2018, Australia’s first SME challenger, Judo Capital selects Temenos for its digital banking. Judo has created a fully cloud-based, API-centric, technology ecosystem and the Temenos Cloud was a perfect fit, allowing Judo to be focused entirely on its customers rather than managing IT systems.

Temenos was the first banking software provider to launch a cloud offering running on Microsoft Azure and since 2011, T24 core banking has been available as a managed service on the Temenos Cloud.

Temenos Group AG Mergers and Acquisitions (M&A) Activities

In 2019, Temenos has acquired Kony Inc, the digital banking SaaS company. The acquisition significantly enhances Temenos’ scale and capabilities in the US, adds significant digital expertise and accelerates Temenos Infinity, the breakthrough digital front office product, Thomas E. Hogan, Chairman and CEO of Kony, will become President of Temenos North America and join Temenos’ Executive Committee, effective on the acquisition closing date. Temenos has agreed to purchase Kony for an enterprise value of USD 559 million and an earn-out of USD 21 million, subject to regulatory approvals.

In December 2018, Temenos acquired Avoka, a leader in digital customer acquisition and onboarding, subject to regulatory approvals. This acquisition will further strengthen the Temenos Infinity – Digital Front Office product, which has over 300 banking clients. The Avoka platform will be integrated with the Temenos Digital Front Office product, providing banks with a comprehensive single solution for their omnichannel digital banking needs. Temenos has agreed to purchase Avoka for USD 245 million.

Geneva-based Temenos Group a core vendor for financial services on the global market wanted penetration in the U.S. To overcome that, the company is pursuing a strategy familiar to the vanguard vendors serving U.S. banks — acquisition. 2019 has already seen massive acquisitions on the core side, with FIS-Worldpay, Jack Henry-Geezeo, and Fiserv-First Data.

Temenos Group AG Customers in ARTW Customer Database

Leveraging a rigorous data-centric research methodology, APPS RUN THE WORLD asks the simple question: Who’s buying Temenos Group AG applications and why? And we provide the answers – supported by decades of research – to our clients around the world. Our Customer database has over 100 data fields that detail company usage of Temenos Group AG and other enterprise apps by function, customer size, industry, location, implementation status, partner involvement, Line of Business Key Stakeholders and IT decision makers contact details. List of Verified Temenos Transact, Temenos Infinity, customers.

Temenos Group AG Overview

Ownership: - (SIX: TEMN)

Number of Employees: 8153

Functional Markets: Analytics and BI, Content Management, CRM, eCommerce, EPM, ERP Financial, ERP Services and Operations Management, PPM, TRM,

Key Verticals: Banking and Financial Services,

Temenos Group AG Key Enterprise and Cloud Applications

Temenos Transact, Temenos Infinity,

Temenos Group AG Revenues, $M:

Type/Year 2020 2021 YoY Growth, %
Total Revenues, $M Subscribe Subscribe Subscribe
Enterprise Applications Revenues, $M Subscribe Subscribe Subscribe
Cloud Applications Revenues, $M Subscribe Subscribe Subscribe

* Enterprise Applications Revenues = License + Support & Maintenance + SaaS
** All revenue figures are estimates based on public records, Cloud and Non-Cloud business models in Apps Run The World's vendor database, and annual survey results including vendor feedback.

Temenos Group AG Revenue Breakdown By Type, $M:

Type License Prof. Services Hardware Support & Maintenance SaaS PaaS IaaS Other (Non Enterprise Application Revenues) Total
% of Total Revenues Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe 100%
Revenues, $M Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe Subscribe

Temenos Group AG Revenues By Region, $M

Region % of Total Revenues 2021 Total Revenues, $M 2021 Enterprise Applications Revenues, $M 2021 Cloud Applications Revenues, $M
Americas Subscribe Subscribe Subscribe Subscribe
EMEA Subscribe Subscribe Subscribe Subscribe
APAC Subscribe Subscribe Subscribe Subscribe
Total Subscribe Subscribe Subscribe Subscribe

Temenos Group AG Direct vs Indirect sales

Region Direct Sales Indirect Sales Total
Type % Subscribe Subscribe Subscribe
Revenues, $M Subscribe Subscribe Subscribe

Temenos Group AG Customers - Breakdown by Geo, Size, Vertical and Product

List of Verified Temenos Group AG Customers

No. of Temenos Group AG Customers: 3000

No. of Temenos Group AG Enterprise Applications Customers: 3000

No. of Temenos Group AG Cloud Customers: 50

No. of Temenos Group AG Cloud Subscribers: x

Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: over a seven-year period, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8,6 percentage point lower cost/income ratio than banks running legacy applications.

Among Temenos customers are Bank of Shanghai, O-Bank, Banco Credicoop Cooperative Limitado (BCCL), Metro Bank, Baxter Credit Union (BCU), Credit Suisse, Vancity, Banque Raiffeisen Luxembourg, FirstOntario Credit Union, and many others.

Temenos Group AG Market Opportunities, M&A and Geo Expansions

In May 2021, Banking software company Temenos launched the next-generation software-as-a-service (SaaS) solution, Temenos Bank Cloud, to strengthen its presence in cloud computing leadership. The solution combines the most complete banking services in the industry, covering all departments and all regions, and with the technical support of the new artificial intelligence engine, it provides a "sandbox" for rapid innovation and a "Temenos market" for financial technology cooperation. , Which aims to promote the growth of the bank’s business and shorten the time to market. With the help of Temenos Bank Cloud, banks can configure all-weather banking services on their own and scale up quickly and safely, while significantly reducing operating costs to 10% of traditional systems.

At the start of 2019, Temenos launched its two new products – T24 Transact, a core banking product, and Temenos Infinity, an independent digital front office product. These new products combine the most complete banking functionality in the market, leveraging 25 years of functionality from 3,000 banks in over 150 countries with advanced cloud-native, cloud-agnostic, API first technology and design-led thinking. 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.

All Temenos SaaS products run on the new Temenos platform. In August 2018, Temenos launched Temenos Learning Community Engine, the latest addition to the TLC training suite, to offer banks enhanced change management and staff training capabilities.

Furthermore, in May 2018, Temenos expanded its leading financial crime mitigation product to include an AI-based Suspicious Activity Prevention solution protecting banks and their customers from fraud. Through its innovative and award-winning technology, the Temenos Financial Crime Mitigation (FCM) product is able to offer banks the lowest levels of false positives in the industry (2.5% compared to industry rates of approximately 5% to 7%) while also reducing banks total cost of ownership (TCO) by approximately 50 percent.

Through the use of sophisticated filtering techniques and advanced analytic capabilities the Temenos FCM product range has helped over 100 clients globally such as UBS upgrade their capabilities, reduce their manual processes and meet their clients’ expectations of rapid digital banking services.

Temenos launched new technology propositions to help banks respond to the Covid-19 crisis at Temenos Community Forum Online, 29-30 April, its virtual summit with over 5,000 registered attendees. Temenos continues its investment in R&D with 43 product announcements and over 30 demos of the latest innovations from cloud to Explainable AI all showcased at TCF Online

Temenos presents its remote-only implementation methodology and reveals that over 75% more banks went live on Temenos’ software compared to Q1 2019

Temenos Group AG Risks and Challenges

The potential shift of the clients’ preference to a cloud-based subscription model requires a considerable investment of technical, financial, legal, managerial, and sales resources, and a scalable organization, which may result in a loss in profits and revenue.

Temenos Group AG Ecosystem, Partners, Resellers and SI

In June 2021, Huawei and Temenos, the banking software company, signed a partnership to offer Temenos’ cloud-native core banking solution on the Huawei Public Cloud. Temenos is the first core banking software certified with Huawei infrastructure and Huawei Public Cloud. Geographically, the partnership covers Asia-Pacific (APAC) with a specific focus on China, and it also includes Africa, Europe, Latin America and the Middle East. The partnership brings together the extensive cloud hosting, implementation, and integration strengths of Huawei and the power of Temenos’ industry-leading banking software. The scope of the partnership covers sales and marketing, implementation and training.

Temenos strongly believes in the importance of collaboration to achieve growth and the best customer outcomes. They partner with other firms for various reasons, such as to give their clients access to a large pool of system integration resources as well as a choice over the technology platforms they run. Temenos has technology partners(IBM, Microsoft, Mulesoft, Oracle, Red Hat), services partners (ÁBRIS, Accenture, Anabatic Technologies, Aspire Systems, Banktech Software Services, Capgemini and others) and ASP partners (Fortress Data Services, Wipro).

In April 2018, Temenos partnered with Openbank, the digital bank of Santander Group, witch selected Temenos’ WealthSuite for enhanced digital customer experience. This will be integrated with Temenos T24 Core Banking, which Openbank chose last October as its new core banking solution for retail and SME banking across its global operations. Furthermore, in November 2018, SPD Bank and Temenos launched Innovation Lab to power digital ecosystem. With this initiative, SPD Bank and Temenos will jointly identify market requirements and co-develop a digital ecosystem, with Temenos providing the enabling technology platform. Through the new partnership, SPD Bank and Temenos also collaborated on the Temenos’ Innovation Jam in China, a global competition to identify the most exciting fin-tech startups, which took place on 1 November.

Additionally, in July 2018, Temenos extends the contract with the U.S. headquartered Northern Trust to support strategic growth in the transfer agency business.

In June 2020, Temenos signed an exclusive strategic agreement for non-banking services. As part of this agreement, HCL has been granted a license to develop, market, and support Temenos multiexperience development platform (MXDP) for non-banking services. The agreement is exclusive for seven years. Temenos will continue its R&D investment in its industry-leading Temenos MXDP and will support and service both Temenos financial services clients as well as existing non-banking services clients that are currently contracted with Temenos. This agreement with HCL provides clients using Temenos MXDP for non-banking services with world-class technology and the highest levels of services and support.

Temenos Group AG Cloud Infrastructure Insights

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  • Temenos Group AG Public Cloud and Infrastructure (IaaS)
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Research Methodology

Data used in research reports are derived from publicly available documents, continuous surveys of applications vendors, customers, resellers, Independent Software Vendors, systems integrators and other verifiable sources.

Vendor shares and market forecast results are based on a combination of existing databases as well as demand side and supply side research conducted throughout the year with validation from vendors, customers, channel partners and documentations such as earnings releases and 10Q and 10K filings, vertical industry studies, regional and country-level statistics from public and private institutions(i.e. colleges, universities, government agencies and trade associations).

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