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How Temenos challenges the banking industry’s conventions

Banking services are increasingly embedded in people’s everyday lives. This has opened the door for new and disruptive business models to gain popularity.

It’s Your Move

In Latin America, no time has ever been better than now to modernize your banking core. There are many options out there except for one—your comfort zone.

Ad hoc – Temenos announces completion of independent examination and publication of report

GENEVA, Switzerland, April 15, 2024, — Temenos AG (SIX: TEMN), the banking software company, today announces the completion of the independent examination into the allegations made by Hindenburg Research on February 15, 2024. The examination was conducted by a Special Committee formed by Temenos' Board of Directors (the 'Board') led by the Non-Executive Chairman, Thibault de Tersant. The Special Committee was assisted by Schellenberg Wittmer Ltd, Sullivan & Cromwell LLP, and forensic accountants from Alvarez & Marsal Switzerland LLC (the 'Independent Examiners').

Flying Colors 

Temenos’s Highwater Benchmark puts a fictitious bank through a series of simulations and tests. The results revealed that one single instance of a single platform can support multiple banking businesses, good news for Latin American banks with an eye on BaaS (banking as a service).