GENEVA, Switzerland, February 19, 2024 – Temenos AG (SIX: TEMN), the banking software company, today announces its fourth quarter and full year 2023 results.
Europe’s banks see migrating core banking systems to the cloud and SaaS as a strategic priority, to improve customer experience and ensure operations are agile and secure
In the last two years there's been a spike in interest in cloud solutions, as private banks are seeing the cost benefits and the opportunity to scale in a significant way.
Temenos’ cloud-native platform enables SBI to rapidly launch US dollar financial products and leading digital experiences to customers across Latin America
Senior Advisor Rachelle Dekker provides guidance on optimizing your institution’s compliance training and sharing the responsibility within your institution’s various departments.
Financial institutions in these countries will benefit from Temenos’ world-class banking platform and Nagarro’s regional expertise to offer Country Model Bank functionality
FY-23 ARR grew 16% c.c. to USD730m, exceeding guidance of 13-15%
FY-23 Total Software Licensing growth of 10% c.c. vs. guidance of at least 6% growth
FY-23 EBIT growth of 12% c.c. vs. guidance of at least 8% growth
FY-23 Free Cash Flow grew 26% to USD243m, significantly exceeding guidance of 12-14%
LEAP enables banks to seamlessly and quickly move to the latest cloud-native Temenos technology complete with the latest banking capabilities using AI and a standardized methodology
William Moroney is promoted to President International and joins the Executive Committee
Philip Barnett President Americas also joins the Executive Committee