Annual Report and Accounts 2025

Leading

Banking

Forward

Contents

Overview

1 Highlights

2 Temenos at a glance

Integrated Report

4 Chairman’s statement

6 CEO’s statement

8 Market review

10 Strategy

12 Industry recognition

13 Temenos Value Benchmark

14 Software and products

20 Research and development

21 Our Partner strategy

23 Customer experience

28 Sustainability

126 Financial review

132 Principal risks and uncertainties

Corporate Governance

140 Board of Directors

142 Executive Committee

144 Corporate governance report

157 Compensation report

180 Report on the audit of the

compensation report

Financial Statements

182 Report on the audit of the consolidated

financialstatements

190 Consolidatedstatementofprofitorloss

191 Consolidated statement of other

comprehensiveincome

192 Consolidatedstatementoffinancialposition

193 Consolidatedstatementofcashflows

194 Consolidatedstatementofchangesinequity

195 Notestotheconsolidatedfinancialstatements

246 Reportontheauditofthefinancialstatements

251 Unconsolidated balance sheet

252 Unconsolidated income statement

253 Notes to the unconsolidated financial statements

259 Financial highlights

260 Information for investors

261 Temenos world offices

264 Sources

See our website for more information

temenos.com

Who we are

Temenos (SIX: TEMN) is a global leader in banking

technology. Through our market-leading core

banking suite and best-in-class composable

solutions, we are modernizing the banking industry.

Banks of all sizes utilize our adaptable technology

– deployed on-premise, in the cloud, or as SaaS – to

deliver next-generation services and AI-enhanced

experiences that elevate banking for their customers.

Our mission is to create a world where people can

live their best financial lives.

Our culture

Our culture guides the way we work. A culture that

encourages all of us to challenge convention and

committoeverythingwedotomakebankingbetter.

Aculturethatenablesustocollaboratewithour

communityandtrulycareaboutthepeoplewe

serve and the impact of our business.

Together with our customers, Partners and

employees,wewanttocontinuemakingapositive

contributiontotheworldofbankingandsociety.

Note: figures are non-IFRS proforma excluding contribution from Multifonds which was sold in Q2-25. Growth rates are reported.

Our purpose, vision, mission and values

2025

2024

We challenge

We challenge the

statusquo,trytolook

at things differently

anddrivechange.

We commit

We commit with

determination and

persistencetomake

thingshappen.

We collaborate

We collaborate within

Temenos and across a

broader Partner

ecosystem.

We care

We care and listen

toeachother,our

clients,ourPartners

and the communities

weserve.

Our values

Our purpose

Topoweraworldofbanking

that creates opportunities

foreveryone.

Our vision

We power a world where

financial institutions trust

Temenos to make banking

easier and help people live

their best financial lives.

Our mission

To modernize financial

institutions by building on the

most trusted, industry-leading

technology solutions.

Highlights of 2025

Non-IFRS proforma*

Annual Recurring Revenue (USDm)

859.9 +15%

Non-IFRS EBIT (USDm)

371.9 +22%

Free cash flow (USDm)

256.4 +15%

Non-IFRS EBIT margin (%)

34.7 +3%

Maintenance (USDm)

490.3 +14%

Subscription and SaaS revenue (USDm)

452.5 +10%

Non-IFRS earnings per share (USD)

4.20 +25%

Total revenue (USDm)

1,071.1 +11%

Highlights

749.5

859.9

304.8

371.9

223.2

256.4

410.8

452.5

31.6

34.7

431.9

490.3

3.35

4.20

965.2

1,071.1

Overview

1Temenos AG Annual Report and Accounts 2025

Temenos today

Over 950

core banking clients

Over 600

digital clients

Over 90%

of revenue generated by top 1,000 clients across

allproductsin FY-24

150+

countries in which clients arepresent

Business highlights

The Americas Europe Middle East and Africa Asia Pacific

Our global reach

Revenue % by region

25% 28% 26% 21%

Subscription and SaaS revenue % by region

35% 23% 21% 21%

Number ofoffices

10 17 8 14

Temenos at a glance

Overview

2 Temenos AG Annual Report and Accounts 2025

Deployment models to offer clients choice

License revenue: subscription license revenue SaaS revenue

Deployment model

⚫

Larger banks likely to run software

themselves for main business lines

–on‑premise, private or public

cloud

⚫

Banks in some jurisdictions remain

on-premise due to regulatory regime

⚫

Growth in public cloud usage

accelerates Temenos license revenue

Deployment model

⚫

Adopted by banks looking to outsource

infrastructure and operations, including

some largebanks, smaller banks

andnon‑incumbents

Public cloud

Temenos runs software

Bank operations

Temenos SaaS Ops

Temenos

software

On-

premise

Hybrid

cloud

Private

cloud

Public

cloud

Subscription and SaaS revenue is FY‑25 proforma, excluding Multifonds, which was sold in Q2‑25. Journey Manager and LMS are front office products.

Product revenue is subscription and SaaS and maintenance revenue.

Temenos today: Broad platform offering, trusted by clients globally

Geography

⚫

Strong presence in Emerging

MarketsandW. Europe

⚫

Established in other Mature Markets:

ANZ, CND

⚫

Increasing US penetration

Banking segments

⚫

Strong in Retail banking and Wealth

Management

⚫

Growing in Corporate banking

Deployment

⚫

Strong across all deployment

models:on‑premise, hybrid,

privateandpublic cloud, SaaS

ClientsPlatform

New logos

⚫

Leader in IBS core

banking sales league

tablefor20years

Installed base

950+

core banking

600+

digital

150+

countries

Key products

⚫

Core banking

⚫

Digital (front office)

⚫

Wealth

⚫

Payments

Adjacent point

solutions

⚫

Journey Manager

⚫

LMS

⚫

FCM

⚫

AI agents

% of product revenue in FY-25

Regions

Americas

c.25%

APAC

c.21%

Europe

c.27%

MEA

c.27%

Products

Core banking

c.81%

Digital

c.11%

3Temenos AG Annual Report and Accounts 2025

Overview

A strong

foundation

2025 was a year

defined by strong

strategic focus and

the early benefits of

a more aligned

leadership team

under Takis.

Thibault de Tersant

Chairman

As I look back on 2025, I am pleased with the performance of

our management team, which demonstrated strong leadership

and commitment to deliver against the first year of our

strategic plan. Our total revenue growth of 10% and EBIT

growth of 21% in constant currencies, despite various

headwinds demonstrated the commitment of our teams and

the relevance of our strategy. Although I recognize that the

change of CEO in the third quarter was unexpected for many of

you, I am confident it was the right course of action, asthe

subsequent quarterly and full year results have shown. Wenow

have a strong and stable executive team in place under the

leadership of Takis Spiliopoulos, who has demonstrated his

ability to drive execution and empower our teams to excel by

working together. We selected Takis after a thorough search of

potential candidates, with some strong options outside of the

Company leading to a robust selection process, a healthy

discussion and a consensus of the Board. It became clear that

Takis was the best candidate for the role, having proved

himself as CFO since 2019 and then having excelled as interim

CEO from September 2025, thanks to his deep knowledge of

Temenos management teams, products and strategy.

Chairman’s statement

Integrated Report

4 Temenos AG Annual Report and Accounts 2025

Based on these results, the Board of Directors is pleased to

propose an annual dividend for 2025 of CHF 1.40 per share,

representing an increase of 8% year on year, to be submitted

for approval at the Annual General Meeting on 13 May 2026.

Our Board composition remains a critical source of strength.

The expertise and diversity of experience represented within

the Board, which cover all relevant domains for Temenos, has

been instrumental in guiding the Company through a period of

change while ensuring continuity in governance, oversight and

long-term vision. I would like to thank all Board members for

their thoughtful contributions during the CEO transition and

throughout the year.

Most importantly, on behalf of the entire Board, I want to

express our gratitude to our shareholders, clients and

employees. The commitment of our people, the trust of our

customers, and the support of our investors have been

essential to our progress in 2025. We enter 2026 with renewed

confidence, a strong leadership team, and a clear strategy that

is already demonstrating its impact.

I am confident that we have the right foundation in place to

capture the significant opportunities ahead and to deliver

long‑term, sustainable value for all our stakeholders.

Thibault de Tersant

Chairman

Shareholder returns

We have reconfirmed the strategic roadmap that was first

announced in the fourth quarter of 2024, and the management

team has done an excellent job of executing against this.

2025 was a year defined by strong strategic focus and the early

benefits of a more aligned leadership team under Takis, which

translated into the stable and predictable performance we

delivered this year.

During the year, we made good progress in advancing the three

growth levers originally set out by the Executive Committee:

strengthening our “best‑of‑suite” leadership, enhancing our

modular and composable core solutions, and accelerating

selected adjacencies where there is strong demand. The Board

is pleased by the consistency with which the management

team has acted on these priorities, and by the improved

coordination and collaboration across product and technology,

Go-To-Market and corporate functions.

Importantly, we continued to operate in a market environment

characterized by both pressure and opportunity. Financial

institutions are navigating evolving regulatory expectations,

heightened demand from their customers, and an accelerated

shift to modern, cloud‑based platforms. These dynamics

reinforce our conviction that Temenos is well positioned to

capitalize on the growing demand for third party banking

software, with a portfolio aligned to the needs of our

customers, and a well‑funded investment plan to deliver

onour growth.

I would like to underline the sustained momentum in ARR

which reflects the Company’s evolution toward a resilient,

recurring revenue model, the strengthening of engagement

wehave seen across our client base and ultimately the quality

of our pipeline.

For the full year 2025 (proforma), Temenos delivered ARR of

USD860million representing 12% growth year on year,

non‑IFRS revenue of USD 1,071 million, non‑IFRS EBIT of

USD372 million, and non‑IFRS EPS of USD 4.20. Free cash flow

came in atUSD 256 million, up 15% versus2024.

Integrated Report

5Temenos AG Annual Report and Accounts 2025

Executing with clarity

andconsistency

Dear shareholders,

2025 was a year of focused and disciplined execution for

Temenos. Stepping into the CEO role, my priority was to ensure

that our strategic ambitions translate into predictable, tangible

outcomes operationally, financially and for our customers. I am

proud of the progress we made this year and of the way our

teams came together with a shared purpose to execute on

ourroadmap.

We have a clear vision as a business: Leading Banking Forward,

helping banks modernize with confidence, scale and flexibility,

so they can best serve their customers, people and communities.

We delivered above‑market growth in the first year of our

strategic plan, continued to take market share, and built a

strong foundation for our future growth and for delivering

onthat vision.

I am proud of the

progress we made

this year and of the

way our teams came

together with a

shared purpose and

vision to execute on

our roadmap.

Takis Spiliopoulos

Chief Executive Officer and interim Chief Financial Officer

CEO’s statement

Integrated Report

6 Temenos AG Annual Report and Accounts 2025

When I stepped into the role of CEO, we reconfirmed the

strategic roadmap that was announced in November 2024,

which was shaped through a comprehensive strategic review

with our Executive Committee and validated by the Board. Our

strategy focuses on three growth levers: strengthening our

best‑of‑suite leadership, advancing our modular core for Tier 1

and Tier 2 banks, and accelerating adjacent point solutions

where we see growing demand. These priorities define how we

invest, execute and measure our progress. Throughout 2025,

our teams executed consistently against these priorities, as

demonstrated by our strong quarterly and full year results.

Strengthening the foundations

forlong‑termgrowth

Temenos operates in a large, stable market with resilient

growth, driven by structural forces that continue to accelerate.

Banks remain under pressure to modernize their technology

platforms while managing rising regulatory complexity, higher

operating costs and intensifying competition from digital-native

players. As a result, buying behavior has continued to shift toward

platforms that offer flexibility, reliability, rapid deployment, and

a clear path to long‑term efficiency gains. In this context, we

have strengthened our focus on value selling, working closely

with our clients to build tangible business cases that demonstrate

the real-world value banks can achieve with our platform.

Institutions are prioritizing investments that reduce complexity,

consolidate vendors, and deliver measurable operational outcomes.

We saw increasing preference for cloud‑based architectures

and modular solutions that allow banks to progress transformation

in manageable steps rather than through large-scale replacements.

This aligns well with our portfolio and with how we have

structured our product and investment roadmap. Banks are

looking for partners which can combine deep functionality

with predictable delivery, and our focus on execution,

transparency and a simplified operating model means

wearewell positioned to meet these expectations.

Delivering stable and predictable performance

2025 was characterized by focused and predictable execution,

in particular over the last three quarters, and this was

reflected in our strong full year results. I was particularly

pleased with our ARR momentum, reflecting the continued

shift toward a recurring revenue model and the relevance of

our portfolio to the needs of financial institutions globally.

Our sales execution was a particular focus, supported by

investments in our go‑to‑market organization, with significant

new sales hiring and investment in sales enablement.

Engagement across our client base increased, and we saw the

quality of our pipeline continue to improve, in particular in the

US which is a key growth market for Temenos. These are

critical leading indicators of sustained growth, and they reflect

the hard work of our product and sales teams.

Driving innovation through disciplined execution

of our strategic roadmap

Across the Company we emphasized alignment, simplicity

andaccountability. The collaboration between product and

technology, go‑to‑market and corporate functions improved

significantly, enabling us to progress faster and with

greatercohesion.

We continued to make significant investments in our product

organization and roadmap to deliver innovation for our clients.

This included launching our first AI agents which we co-developed

with clients, leveraging our combination of deep domain

expertise and customer trust to build credible use cases that

bring material benefits to our clients. We have a structural

advantage in the AI era which we are capitalizing on to further

extend our market leadership.

We also focused on modernizing our operating model,

investingin process improvement, systems automation and

data-driven decision making. These changes are essential to

sustaining growth while creating an organization that is lean,

agile and accountable.

A unified leadership team

This was also a year of transition, and I would like to thank

ourBoard for their trust and support, particularly through

theleadership changes in the third quarter. I am proud of

theexecutive team we now have in place which is highly

experienced, aligned and focused on operational excellence.

Our leadership team is committed to continuing to

strengthenTemenos’ culture of execution, accountability

andcustomer‑centricity.

Our focus on people and culture

Our success is powered by our people. A people-first culture

built on collaboration, empowerment, accountability and

trustremains central to how we lead and how we operate.

Weinvested time in engaging with our people, through small

group conversations, feedback sessions and our employee

engagement survey, because meaningful progress starts with

open dialogue. We continued to recognize and celebrate the

teams and individuals who exemplify our values, and we

focused on strengthening cross‑team collaboration, ensuring

decisions are joined up and aligned to what is best for Temenos.

I believe that when our people have clarity, autonomy and the

right support, they deliver exceptional outcomes for our clients

and for each other.

Looking ahead

We started 2026 with a strong foundation for success. Our strategy

is clear, the organization is aligned, and we are already benefiting

from the investments we made in 2025. The opportunity ahead

is significant. We will continue to execute with discipline, invest

where it matters most, and stay focused on delivering long‑term

value for our shareholders, customers and employees.

Finally, I want to thank our people. Their resilience, commitment

and belief in our direction have been instrumental to our

progress. I am grateful for their dedication, and I am proud

tolead this organization forward.

Takis Spiliopoulos

Chief Executive Officer and interim Chief Financial Officer

Underpinning our strategy are our

strong culture and leadership, delivered

through our business enablers and

supported by ourculture andleadership

Alignment and

collaboration

Clarity of

direction

Transparency

Accountability

Integrated Report

7Temenos AG Annual Report and Accounts 2025

Structural trends drive growing demand for third party banking software

Trends in

banking

Cost optimization Digital experiences

and threat from

non-incumbents

Evolving security

and regulatory

landscape

Rise of hyperscalers,

Gen AI and modular

architecture

Demands on bank

tech providers

⚫

Highly automated and

streamlined banking

processes

⚫

Best-of-suite turnkey

solutions and simpler

tech estate

⚫

Cost‑effective SaaS

solutions powered by

low-code no-code

⚫

Best-in-class digital

front-ends backed

byscalable and agile

modern core

⚫

Seamless, personalized,

omnichannel offerings

at par with fintechs and

payment disruptors

⚫

Real-time data

processing and

analytics,

drivinginsights

⚫

Development of out

ofthe box tools to

address a complex

regulatory landscape

⚫

Security and fraud

detection covering

digital vulnerabilities

⚫

Data solutions for ESG

and sustainability

reporting

⚫

Cloud-native

solutions;multiple

cloud service providers

⚫

AI/Gen AI embedded in

key use cases across

core solutions

⚫

Composability to offer

choice and incremental

transformations

LTM

developments

Slightly upward

⚫

Legacy modernization

⚫

Digitization of products

⚫

Straight through

processing

Stable

⚫

Digital account opening

⚫

Payments innovation

⚫

Hyper‑personalization

Elevated

⚫

Cyber threats

⚫

Fraud management

⚫

Regulatory changes

Elevated

⚫

Acceleration of AI but

high adoption threshold

⚫

Public Cloud transition

⚫

Composable core

offerings

We serve a large

andgrowing market

Market growth remains attractive at 7% CAGR from FY-25 to FY-28

c.USD 23bn

c.USD 16bn

Mostly best of suite

Tier 3–5

c.USD 9bn

Mostly composable core,

bestofbreedsolutions

Tier 1–2

+12%

Temenos product revenue

c.USD 25bn

+7%

CAGR 7%

+USD 2bn

Outsourcing of

in-house spend

+USD 3bn

Upsell/cross-sell, volume growth

anddeploymentmodelshift

c.USD 30bn

Serviceable Addressable Market relates to banking third party software spend addressable by Temenos products.

Represents product revenue and includes spend on subscription, SaaS, term license and maintenance, excludes

contribution from Multifonds which was sold in Q2-25. 1) Includes Tier 3–5 and non-incumbents.

Market review

Serviceable Addressable Market

Total F Y-24 Total F Y-25 Total F Y-28

Integrated Report

8 Temenos AG Annual Report and Accounts 2025

Delivering on our US growth ambitions

Strong growth in demand for public cloud and SaaS

On-premise Public cloud SaaS

FY-25 SAM

USD 16bn USD 3bn USD 6bn

CAGR to FY-28

4% 15% 11%

Mix shift

FY-25–F Y-28

65% -> 59% 12% -> 15% 23% -> 26%

Serviceable Addressable Market

Building lighthouse references; large multi-regional bank going live in H2-26

FY-25 progress FY-26 deliverables

Extend US product capabilities

for market-leading solutions

Product and

technology

investment

Opened Orlando

innovation hub,

executed on US-

specific product

roadmap

Convert pipeline with first

deals expected H1-26, expand

GTM partnerships

Go To Market

investment

US sales headcount

increased to 20+

experienced hires

Build out US strategic

Partnercapacity

Customer

Experience

Strengthened

on-shore and near-

shore support for US

clients

Integrated Report

9Temenos AG Annual Report and Accounts 2025

Our growth strategy

Delivering our raised FY-28 targets through strategic levers and enablers

Strategy

Strategic Growth Levers Business Enablers

Culture and leadership

FY-28 Targets

Extend market

leadership in best

of suite

Product and

technologyinvestment

Enhance composable

core solutions

Go To Market

Accelerate adjacent

point solutions

Customer lifecycle

Operating model

ARR

FY-28E

>USD 1.23bn

increased from >USD 1.2bn

EBIT

FY-28E

c.USD 480m

increased from c.USD 450m

FCF

FY-28E

c.USD 410m

increased from c.USD 400m

Note: ARR and EBIT are constant currency. FCF is reported.

Integrated Report

10 Temenos AG Annual Report and Accounts 2025

Focused and impactful execution in the first 12 months

Strategic investments...

...delivering strong results

Product:

Reorganizationoffunctionsintoagile

teams, hiring of senior talent

Product:

Delivered on FY-25 platform and product

roadmap. Launch of multiple

differentiated new products

GTM*:

Increased IQC* headcount by 60% to

more than 140 globally, invested in sales

operations and enablement

GTM:

Strong pipeline growth in key target

geographies, significant number of new

logo wins

US expansion:

Focused US sales hiring, opened

innovation hub with 70+ developers; sales

headcount increased to over 20

US momentum:

Strong US pipeline growth in target

accounts, product co-innovation with

clients

A well-defined AI strategy to capitalize on our structural advantage

150

Global reach in over

150markets

950+

950+ core banking clients

and600+ digital clients

Trusted domain

expertise

Volume-based

pricing aligned to

banks’ growth

Temenos has the unique combination of customer trust and domain expertise

* GTM = Go To Market; IQC = Individual Quota Carrier.

Build on our

structural

advantage

Market share gains: above market product revenue growth in first year of our strategic plan

Lower TCO

⚫

Conversational interfaces:

launched Temenos Copilot

for Core

⚫

AI Agents: Launched FCM

AI agent for sanctions

screening with more

coming in Core, Payments,

Digital and Wealth

⚫

AI in Core: AI to drive

efficiencies and enable

faster implementations and

upgrades

⚫

AI in Digital: changing how

digital experiences are built

using AI

Faster delivery

⚫

Leveraging AI in our

software development

lifecycle

⚫

Support customers with

AI including the launch of

Gen AI assistant

AI first mindset

⚫

Rolled out M365 AI tooling

across all functions

⚫

Established AI champions

network to source

productivity use cases

Product

Process

People

Integrated Report

11Temenos AG Annual Report and Accounts 2025

A “Market Leader”

anda “Visionary”

Industry recognition

B Find sources on page 264

Core banking

and payments

Recognized as a

VisionaryintheGartner

“MagicQuadrantforRetail

Core Banking Systems,

Europe 2025”

Recognized as a Leader in

IDC’s MarketScape

forNorthAmerica

DigitalCoreBanking

Platforms

VendorAssessment2024

Ranked as the #1 best-selling

Core Banking Systemforthe

20th time in the IBS

SalesLeagueTable2025and

consistentlyinthetoptwofor

the past 24 years

Recognized as a Leader in

theForresterWaveforDigital

Banking Processing

Platforms, Q4-24

Recognized as a Leader in IDC’s

MarketScapeforEMEADigital

CoreBankingPlatformsVendor

Assessment 2024

Recognized as a Leader in IDC’s

MarketScapeforAPACDigital

CoreBankingPlatformsVendor

Assessment 2024

Digital banking

Recognized as a Leader in

IDC’s MarketScape for North

America Retail Digital

Banking Solutions 2025–

2026 Vendor Assessment

Ranked as the

#1best‑selling Digital

Banking &Channels System

intheIBSiSalesLeague

Table 2025

Client recognition: Temenos’

client Credito Emiliano

(Credem) named Overall

Winner and won in the Bank

Deposit Transformation

category in IDC’s

FinTechRealResults2025

Wealth

management

Recognized as a Leader in

IDC’s MarketScape for

Worldwide Wealth

Management Technology

Services for Investment

Advisors 2025 Vendor

Assessment

Ranked as the #1 best-

selling Private Banking &

Wealth Management in the

IBSi Sales League Table

2025

Recognized as a Leader in

the Forrester Wave for

Digital Wealth Management

Platforms, Q1-24

Lending, Islamic

banking and more

#1 for Islamic Banking across

multiple sub-categories –

Islamic Universal Core

Banking, Islamic Treasury &

Risk Management System,

Islamic Retail Payments

System, Islamic Digital

Banking Channels and

IslamicWholesaleTreasury–

intheIBSSalesLeagueTable

2025

Featured in CNBC’s World’s

TopFintechCompanies

Featured in TIME’s World’s

MostSustainableCompanies

Integrated Report

12 Temenos AG Annual Report and Accounts 2025

Unlocking business value

fromIT investment

Only 24% of banks explicitly connect their growth strategies to

key performance indicators (KPIs) (source: PwC). The Temenos

Value Benchmark (TVB) is a strategic advisory program offered

to our clients and prospects to help them connect their

business and IT strategy with tangible KPIs and business

recommendations, as well as optimize the tangible business

value created by their investment in IT. By leveraging our 30

years of banking domain experience and our banking client

base across more than 150 countries, we are able to provide

our clients with data-driven insights into business value

creation using a proven value-based methodology.

Participants in the program receive a customized confidential

report comparing their business performance with anonymized

peer group data from other participants, including executive

level findings with business and IT insights structured along the

banking value chain. They also have access to a team of experts,

leveraging Temenos’ unique expertise in banking software.

Over 200 quantitative metrics, as well as qualitative best

practices, are collected from each participant to enable us

toprovide correlations and insights to explain banking

performance. The program provides a view on high-performing

banks and their adoption of best practices, both globally and

regionally. It enables banks to identify opportunities for

operational improvements in their business in order to derive

even more value from their IT investment, by further leveraging

Temenos as not just a software provider but as a trusted

partner, committed to our clients’ success.

Today, we have 190 banks as part of our community across

76countries and three verticals (Retail & Business, Corporate

&Commercial and Wealth Management), we have collected

over 90,000 data points and we have met more than 1,600

senior business and IT executives as part of this initiative.

74%

faster

onboarding

94%

higher

customers/FTEs

29%

higher NPS

18%

more IT spend

ongrowth and

innovation

Source: Temenos Value Benchmark 2025, sample from 100+ banks.

1 Banks with Temenos Digital Banking. 2 Banks with Temenos Core Banking. 3 Banks running Temenos front-to-back.

Delivering tangible business value through our platform

Win on customer experience

Hyper‑personalization powered by

open banking and Explainable AI.

Scale without limits

Improved cost-to-income ratio

withunlimited scale and services

delivered at a fraction of the cost

oflegacy systems.

34%

faster

time to market

36%

higher

cross-sellrate

Agility to grow

Faster innovation with cloud‑native,

API-first banking capabilities and a

plug-and-play fintech ecosystem.

Reporting and analytics

Product

management

Sales and

relationship

management

Payments and

settlement

Embedded

finance

Operations

and execution

Risk and

compliance

Temenos Value Benchmark

Integrated Report

13Temenos AG Annual Report and Accounts 2025

Software and products

The Temenos

Banking Platform

Our products

The Temenos Banking Platform is the foundation for all Temenos products serving

allbankingsegments.Itprovidesthebasisforacontinuouslyupdatedarchitecture

enabling customers to benefit from the most recent software and to extend solutions

safely, without impacting operations. New technology is also continuously introduced

to keep banks at the leading edge of banking innovation, including AI infused across

allareas,analyticsandafullAPIarchitecturetoensurequickintegration.

The Temenos Banking Platform

B Visit the link to learn more:

temenos.com/innovation/platform

Point solutions

Onboarding

Onboarding is the first step for

some of your customers’ most

important life moments; make it

memorable by delivering an

outstanding digital experience.

B temenos.com/segments/retail-and-

business

Temenos has a long history of

success supporting loan and

account origination in North America

for banks and credit unions up to

USD 50 billion in assets. These

proven solutions are now integrated

into Temenos Digital Banking.

Origination

B temenos.com/segments/corporate-and-

commercial

Collections

Reducedelinquency,increase

efficiency, and boost collections

efforts all while creating a better

experience for borrowers and

lenders.

B temenos.com/products/wealth-

management

A single product family for fast

compliance, protection and time to

value.

FCM

B temenos.com/products/islamic-

banking

Digital Banking

Streamline operations and enhance client value

with Temenos Digital. Create memorable,

personalized customer experiences and power

high-performance transactional capabilities and

efficient processes, to optimize your business

performance.

Visit the link to learn more:

temenos.com/products/digital-banking

Payments

Drive payments business growth with secure,

real-time processing and accelerated product

innovation. Our scalable solution helps you boost

processing efficiency, elevate customer experiences,

and ensure compliance in an evolving market.

Visit the link to learn more:

temenos.com/products/payments

Core Banking

With capabilities across all segments, Temenos

Core has proven functionality designed to save

timeand costs as well as foster deeper client

relationships. Over 950 banks around the world

relyon Temenos Core.

Visit the link to learn more:

temenos.com/products/core-banking

Integrated Report

14 Temenos AG Annual Report and Accounts 2025

Our best-of-suite solutions across banking segments

Comprehensive, end‑to‑end banking platforms centered onamodern core banking system and extended

through pre‑integrated shared services. These solutions are designed to support the full breadth of a bank’s

business across retail, corporate, commercial, wealth and Islamic segments.

Retail and SME

Combining innovation and personalization, banks can

create solutions that address the unique challenges and

goals of both individual consumers and business clients.

Visit the link to learn more:

temenos.com/segments/retail-and-business

Wealth

An end-to-end solution made of best-of-breed

standalone components that deliver an integrated,

omnichannel solution to wealth managers and

privatebankers.

Visit the link to learn more:

temenos.com/products/wealth-management

Corporate and Commercial

Designed for banks serving large and multinational

enterprises, our platform simplifies operations,

automates processes, and supports faster decision

making with real-time services tailored to corporate

andcommercial banking.

Visit the link to learn more:

temenos.com/segments/corporate-and-commercial/

Islamic

Award‑winning omnichannel solution, delivering an

outstanding Shari’ah compliant experience to Islamic

banking customers.

Visit the link to learn more:

temenos.com/products/islamic-banking

Integrated Report

15Temenos AG Annual Report and Accounts 2025

Our products continued

Our composable core capabilities

Temenos’ composable core capabilities enable banks to

modernize progressively – targeting specific domains such as

deposits, lending, pricing or limits – without the risk, cost or

disruption of a full core replacement. This approach allows

financial institutions to evolve attheir own pace, modernizing

incrementally while continuing to operate their existing core

environments.

Built as independently deployable, scalable and cloud‑ready

modules, Temenos’ composable architecture supports

progressive modernization for our customers. Banks can

introduce new capabilities alongside legacy systems, deploy

enhancements faster with lower implementation risk, and

scale efficiently based on customers’ needs. This flexibility

enables faster innovation cycles, improved resilience, and

materially lower operating and upgrade costs over time.

By extracting key core banking capabilities into composable

components, Temenos allows institutions toaddress specific

business challenges – such as launching new products,

improving pricing agility, or enhancing credit and limits

management – without undertaking a multi-year replacement

program. As modernization progresses, these modules can be

composed into a fully modernized core, delivering long‑term

architectural simplification, reduced total cost of ownership,

and sustained innovation.

The value of Temenos’ composable Core

Independently deployable

Each module can be implemented,

upgraded and scaled independently.

Cloud ready

Lightweight, fast to deploy, minimal

operational footprint and built to scale.

Optimized

Slim databases, reduced Java footprint

and business focused APIs and events

with strong documentation.

Progressive

Step-by-step modernization without

abig‑bang replacement, preserving

business continuity during transition.

Lower cost of ownership

Smaller run time footprint, independent

upgrades, and more efficient scaling,

delivering materially lower run costs

compared to equivalent monolithic

functionality.

Software and products continued

Integrated Report

16 Temenos AG Annual Report and Accounts 2025

Our technology

A cloud-native and cloud-agnostic approach

forreal-time, non-stop banking

Temenos provides banks with an architecture designed

tosupport digital transformation andprovide the flexible

experiences demanded by today’s digital customers.

Elastic scalability eliminates the need to provision peak

processing volumes so that banks only pay for actual usage,

yielding significant cost savings. Temenos’ cloud‑agnostic

approach enables the highest levels of long-term resilience

and redundancy without creating a dependency on a single

cloud service provider. This is a key Temenos strategy and

an answer to regulatory concerns.

Cloud native

Designed for the digital banking age, our software allows

faster updates, lower provisioning, lower infrastructure

costs, elastic scaling, active‑active resilience and security.

This is built using API‑first and DevOps principles and

engineered to deploy both serverless and in containers

andmicroservices.

Cloud agnostic

We are the only banking platform readily available on

allmain commercial cloud platforms. With Temenos,

institutions can also deliver on‑premise, or adopt

hybridcloud deployment patterns, all using the same

underlying software.

Our technology innovations are the foundation upon which we offer

our comprehensive suite of solutions, powered by cloud-native

technology, extensibility, upgradability, SaaS and AI capabilities to

drive digital transformation. This is firmly supported by market-leading

R&D into our single code base that is accessible to all our clients.

Temenos has delivered market-leading and functionally

richSaaS and cloud banking solutions to clients in all

geographies and banking sectors since 2011.

We enable banks and financial services providers to adopt

an extremely agile approach to innovation, moving to

prototyping and into production quickly and easily – safe

inthe knowledge that the solutions are priced elastically

and can continue to be developed upon with real-world

feedback. This makes innovation fast and continuous,

further supported by continuous delivery, integration,

andupdates which ensure that the latest capabilities

andservices are automatically delivered to customers

onanongoing basis.

CI/CD

Strong DevOps practices enable high‑impact changes

tobemade frequently and predictably with minimal toil.

They enable continuous updates, continuous integration

anddelivery, and unmatched resilience that comes with

release validation tests provided with every capability

deployed and updated on the platform.

Continuous updates are a core tenet of cloud utilization.

DevOps teams delivering on continuous integration can

expedite project delivery timelines through self-service

andself‑management environments and tools, controlling

the pace with which development plans progress, from

configuration to full testing.

Embedded DevOps provides banks with the ability to

manage, configure and assemble Temenos software –

either fully deployed and supported by Temenos SaaS or

utilizing their own cloud infrastructure.

Service excellence

In 2025, the SaaS functions reimagined the service model

for the next phase of scalability and growth to provide

aglobal coverage through a “follow‑the‑sun” approach,

ensuring clients have direct access to regional SaaS support.

In addition, by extending core solutions across multiple

cloud hyperscalers, Temenos SaaS can be supported in

48hosting locations across Microsoft Azure and AWS.

Building on previous Temenos SaaS Foundation

investments, additional automation and optimizations

nowenable environment onboarding within hours in 2025,

accelerating time to value for clients. With the launch of

new service packages, including Audit Support Services,

Extended Support Services and the SaaS Insight Service,

banks can benefit from an improved customer experience.

Temenos SaaS

Cloud

Visit the link to learn more:

temenos.com/innovation/cloud

Visit the link to learn more:

temenos.com/innovation/saas

Integrated Report

17Temenos AG Annual Report and Accounts 2025

Software and products continued

API first

Temenos’ Open APIs allow banks to integrate quickly with

awide range of internal or external systems to help drive

product and service innovation.

Temenos’ Open APIs enable banks to execute strategies

tothrive in an age of open banking and finance. Temenos’

approach enables banks to meet regulatory requirements,

such as PSD2, through pre‑defined APIs that meet published

specifications, such as Berlin Group and STET. We enable

banks and fintechs to innovate at speed, with a growing

developer community, low‑code integration resources and

acomplete catalog of interactive API endpoints to build

innovative products and services on top of our open

platform and banking capabilities.

Furthermore, banks benefit from the ability to enrich their

offering to customers through the integration of new fintech

technologies using Temenos Exchange.

Temenos offers an API-first architecture across its entire

product range. This means that all significant product

capabilities are exposed as standard, documented Open

APIs and this forms part of the design and release process.

Temenos Developer Community

Our Open API catalog brings standardized out-of-the-box

APIs to fast‑track innovation, supported by Temenos experts

and a growing developer community with dedicated online

support and resources.

Distributed event-driven architecture

Temenos’ banking capabilities are increasingly defined by

their message schema, which ensures that they are loosely

coupled through an event-driven architecture.

The ongoing program to deliver Temenos’ capabilities in this

way enables customers to upgrade with ease and rely on

the agility they need to transform step by step, deliver

high-speed change and significantly reduce time to market

and value, only consuming those capabilities that they need.

Composable architecture

The extensibility framework enables banks, partners and

solution providers to easily extend and configure Temenos

solutions to meet evolving business needs while protecting

the reliability of the core platform and preserving the ability

to upgrade seamlessly over time. Through a low-code

environment, standardized tooling and government

extension points, institutions can introduce differentiation

without fragmenting the underlying software or increasing

operational risk.

This approach allows banks to respond rapidly to regulatory

change, market innovation and customer expectations by

building and deploying extensions at the edge of the

platform rather than modifying core code. Extensions can

be developed, tested and evolved independently, ensuring

that innovation remains continuous while the core platform

retains architectural integrity and long-term stability.

By enabling a consistent extension model across products

and deployment models, the extensibility framework also

supports a growing ecosystem of partners and solution

providers. This ecosystem-driven innovation expands

therange of available capabilities while giving banks the

flexibility to tailor solutions to local markets and strategic

priorities, without compromising resilience, security

orupgradability.

Extensibility framework

Our technology continued

Integrated Report

18 Temenos AG Annual Report and Accounts 2025

Embedding AI in our products

AI is pioneering a new era of banking, one defined by intelligence embedded

directly in how financial institutions design products, execute processes

andempowerpeopletobuild,runandevolvetheiroperations.Temenos’

long-standing investments in SaaS delivery, cloud-native architecture, modularity

andopenintegrationcreatetheplatformfoundationsrequiredtoadoptAIfaster,

more safely and at scale. Rather than treating AI as a standalone capability,

Temenos is embedding intelligence into its banking platform.

Conversational Interfaces: Enabling

people to interact with our systems

using natural language

This conversational paradigm shift is reshaping how bank

solutions are created. At TCF 2026, Temenos Digital will

mark its next major evolution — redefining how AI

powers the creation of digital experiences and unlocking

the full strength of our digital backend.

AI Agents: Streamlining complexity

and freeing humans to focus on what

matters most

Agentic AI helps to simplify complex processes by

performing automated tasks without human intervention.

Our first product is Temenos FCM AI Agent, a proven

AI-enhanced compliance engine. It automatically evaluates

screening alerts using sophisticated models that replicate

human decision‑making, significantly reducing false

positives in real-time payment screening. This enables

more transactions to flow without unnecessary delays,

while maintaining strict auditability, explainability, a

controlled human‑in‑the‑loop framework. Compliance

teams can focus on higher-risk cases where human

expertise adds the most value.

Throughout 2026, we will expand this pillar with additional

AI agents, extending autonomous decisioning across new

banking domains to further reduce complexity, improve

efficiency and enhance risk management.

Integrated Report

19Temenos AG Annual Report and Accounts 2025