Welcome to our dedicated page for Temenos news (Ticker: TMSNY), a resource for investors and traders seeking the latest updates and insights on Temenos stock.
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A new report by Temenos reveals that 65% of banking executives believe branch-based banking will be "dead" in five years, a significant rise from 35% four years ago. The survey, conducted by the Economist Intelligence Unit, indicates that technology, particularly cloud, AI, and APIs, will be the major driver of changes in the sector. Additionally, 81% of bankers plan to focus on enhancing customer experience and 47% anticipate a shift towards ecosystem models involving partnerships. Temenos emphasizes its leadership in AI and cloud technologies, supporting over 3,000 banks worldwide.
Temenos announced that Credito Emiliano S.p.A. (Credem), a leading bank in Italy, has launched a new mobile app using Temenos Infinity. This cloud-native platform allows rapid development of personalized digital banking services aimed at enhancing customer experience. The app, created in just nine months, supports personal customers with features for managing transactions and providing customer support. Temenos Infinity has demonstrated significant customer engagement increases, and Credem plans to further improve its services for internet banking later this year.
Temenos has been selected by Societe Generale to modernize its Global Transaction Banking operations in Europe and Asia. This partnership aims to implement a cloud-native platform for account management and payment services, enhancing operational efficiency across 13 countries. The upgrade will incorporate ISO 20022 messaging compliance, facilitating real-time payment processing. Temenos' technology is expected to significantly improve service delivery and support Societe Generale's strategic growth objectives in the sector, which generates $1 trillion in annual revenues.
Temenos, a leading banking software provider, has been recognized as the best-selling software in nine categories, according to the IBS Intelligence Sales League Table 2021. This marks an increase from six categories last year. Temenos achieved top rankings in digital banking, core banking, retail payments, risk management, and the new Neo Banks and Challenger Banks category. The company also secured strong positions as regional leader in the Americas, APAC, MEA, and Europe. Notably, Temenos has maintained its leadership in core banking for 16 years and digital banking for five consecutive years.
On June 9, 2021, Temenos announced that Virgin Money Australia has successfully launched on The Temenos Banking Cloud, aiming to revolutionize the Australian banking market. This partnership allows Virgin Money to offer a fully integrated digital banking experience focused on millennials, featuring simplified banking services and rewards programs. The cloud platform enables quicker product launches and easier third-party integrations. Bank of Queensland (BOQ) aims to leverage this technology for its digital transformation, enhancing innovation across its retail brands.
360factors and Temenos have announced a partnership to enhance regulatory compliance and change management for financial institutions in the U.S. The new offering integrates Temenos Compliance Advisory Services within 360factors' Predict360 platform. This collaboration aims to provide a streamlined compliance solution, allowing clients to manage policies while leveraging expert guidance from Temenos. The subscription includes access to a comprehensive knowledge base, policy reviews, and educational resources. This initiative is expected to optimize compliance processes and improve risk management effectiveness for banks and financial services.
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