Temenos Announces Strong Growth in Recurring Revenue up 16% and SaaS ACV Growth of 108%. Underlying sequential improvement in Q3 expected to continue in Q4; a number of Transact license deals converted to SaaS in the quarter
Guidance for recurring revenue growth and conversion of 100% of IFRS EBITDA into operating cash reconfirmed; FY EBIT guidance revised to broadly flat year-on-year to reflect deals converted from license to SaaS ACV and accelerated investment in SaaS and cloud
Latest Press Releases
Temenos Launches Real-Time SaaS Data Platform for Core Banking
Temenos Transact Data Hub offers unmatched capability to power faster and more contextual experiences for customers and rapid innovation with AI-driven digital banking applications
Temenos wins 2020 IDC FinTech Rankings Real Results Awards for implementation of PPP at Atlantic Union Bank
Atlantic Union Bank approved more than 11,600 applications totaling $1.65billion of small business funds as part of the Paycheck Protection Program (PPP)
BCI, a Leading Latin American Bank, Selects Temenos to Launch New Corporate Bank in Peru
Chile’s BCI selects Temenos core banking, payments and digital front-office technology to launch a new corporate bank in Peru in record time
Hong Kong’s First Multi-Cloud Challenger Bank Goes Live with Temenos
WeLab Bank designed, built and launched using cloud-native Temenos Transact in less than 10 months
Temenos in the News
Banks Pair Up To Improve Age-Old Business Friction – PYMNTS.com
Business banking hasn’t always been flashy or innovative. But with the help from some industry friends, financial institutions today are looking to improve the experience for both small businesses and larger corporates.
Ep114: SIBOS 2020: What role could technology play in humanising banking? – IBS Intelligence
Financial inclusion and wellbeing becomes even more important in a crisis, and the global pandemic is no different.
Varo Gets A Banking License And Moves Operations To Temenos Transact Platform – Forbes
Varo Bank, which became the first U.S. fintech to earn a national banking license when the Office of the Comptroller of the Currency (OCC) awarded it a charter last month, will soon move operations to the Temenos cloud banking platform.
Banking is on the cusp of an explainable AI revolution – Finextra
The latest survey on AI from Microsoft and EY found that an unsurprising “65% of organisations in Europe expect AI to have a high or a very high impact on the core business.”
Artificial intelligence keeps HSBC ATMs stocked with cash – Computer Weekly
According to a recent survey by the Economist Intelligence Unit (EIU), for Temenos, only cyber security will be a bigger primary focus for technology investment than AI in the next few years.
AI IS DRIVING A NEW FRONTIER IN BANKING – BUT THIS REVOLUTION IS EXPLAINABLE – Finance Derivative
During the second half of the twentieth century, Artificial Intelligence (AI) was an idea that only featured in science fiction movies. Such films often depicted a future dystopia where humanity struggles at the whim of advancing technology.
News Resources
Temenos Press Contacts
Jessica Wolfe
Temenos Global Public Relations
Alistair Kellie & Andrew Adie
Newgate Communications for Temenos