TEMENOS
1993
Year founded
Banking Software Industry
7,500
Number of employees
$ 981m
2019 revenue
JP sees one of the main drivers in this industry , which is making success possible - especially for the challenger banks is the way they can embrace the cloud and most importantly adopt software as a service .
“ Most of the banks we talk to expect to make greater use of cloud technology going forward and literally every request for proposal and request for information we answer includes a big section on operating in the cloud .
“ The pandemic that we ' ve been experiencing has very , very visibly and forcibly demonstrated the power of the cloud and software as a service to better and more rapidly support people , businesses , and the economy as a whole . For us it ’ s not new , we ’ ve built up over ten years of cloud leadership .”
The first time Temenos put a banking customer on the cloud was in 2011 . Since then , the company says it ’ s invested more than $ 1bn in research and development and collected feedback and information from around 700 clients who have used their SaaS offering . This gathering of data ranges from the Tier 1 banks to those seventy disruptor banks .
HOWDIE PARTNER JP is keen to stress that although Temenos is cloud-agnostic , and its applications will run on a wide range of platforms he is also a huge advocate of partnerships .
‘ Strategic relationships are essential in our industry . Take , for example , our partnership with Google Cloud . Banks have the choice of running their Temenos applications , whether it ' s Infinity or Transact or the Temenos Payments on Google Cloud . The focus of our work with Google Cloud is to deliver our mission-critical software across hybrid and multi-cloud environments and help financial services organizations create profitable business models , and improve and differentiate their customer experiences .’ “ Our full suite of banking software and applications is available on Google Cloud , and together we help banks go to market faster , drive scalability , operational efficiency , time-to-market , and innovation .
‘ But we have a cloud-agnostic approach , which allows us to run on all the major cloud providers and this enables banks to pursue a multi-cloud strategy . It ’ s all about flexibility but it ' s also all about choice when it comes to digital transformation so banks can modernize at their own pace maybe leveraging our Transact product on Google Cloud but then running our other applications through multi-cloud deployments .’
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