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
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.
Varo Bank goes live on Temenos Transact core banking system – Fintech Futures
Varo, which launched in 2015, provides no-fee checking and savings accounts with no overdraft fees through its mobile application. It received a national banking charter from the US Office of the Comptroller of the Currency (OCC) in August.
News Resources
Temenos Press Contacts
Jessica Wolfe
Temenos Global Public Relations
Alistair Kellie & Andrew Adie
Newgate Communications for Temenos