Leading banking software supplier: Temenos provides packaged mission-critical core banking and front-end software applications and solutions. It addresses all major banking segments including retail, private, wholesale, and universal and is fully scalable to fulfill the requirements of Tier-1/2 to Tier-3/4/5 banks. Temenos has more than 3,000 customers worldwide and ranks #1.
M&A is an integral part of strategy: Temenos has been acquiring companies to obtain access to customer bases (which can then be migrated onto its platform) or gain access to front-end applications (e.g., business intelligence, wealth management, anti-money laundering, client onboarding, etc.). Temenos has never had to impair any goodwill from acquisitions.
Product leadership to foster strong growth: Temenos’ market leading cloud-native banking software solutions with end-to-end functionality drive high-teens annual licensing and subscription revenue growth. Temenos is now shifting its business to a value accretive subscription and software-as-a-service model with benefits for its customers. Temenos new composable banking platform offering provides highly flexible solutions for both traditional incumbent banks and non-incumbent digital players.
Structural growth drivers accelerated: The banking industry needs to reduce overall costs and improve competitiveness while in-house developed legacy systems are often based on obsolete technologies that are complex, inadequate, and very expensive to maintain. Rising regulatory requirements and changing consumer expectations push legacy systems to the limit. The pandemic has further accelerated the shift to digital.