Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Temenos is positioned in the Leaders category in the IDC MarketScape for EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

The report discusses the evolution of the core banking market and provides an overview of Temenos’ digital core banking offering including its strengths.

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

According to IDC Research Director, George Briford

The Temenos platform is a sort of “universal soldier” suitable for any type of institution. Temenos’ solution has proven to be reliable and resilient and works well in any type of environment.”

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Source: IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment; IDC Document Number #EUR150463623

Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

Temenos is positioned in the Leaders category in the IDC MarketScape for Asia/Pacific Digital Core Banking Platforms 2024 Vendor Assessment.

The report discusses the evolution of the core banking market and provides an overview of Temenos’ digital core banking offering including its strengths.

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

According to IDC Associate Research Director, Michael Yeo

Temenos is a company with a significant and broad customer base spanning all continents with experience in Asia/Pacific for decades. […] The Temenos platform is a universal fit for many types of organizations due to its scalability, composability, and modularity, which allows an effective solution to be created for many different client needs, business lines, and sizes.”

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Source: IDC MarketScape: Asia/Pacific Digital Core Banking Platforms 2024 Vendor Assessment; IDC Document Number #AP50463723

Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

Temenos is positioned in the Leaders category in the IDC MarketScape for North America Digital Core Banking Platforms 2024 Vendor Assessment.

The report discusses the evolution of the core banking market and provides an overview of Temenos’ digital core banking offering including its strengths.

IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

According to IDC Vice President, Jerry Silva

The Temenos Core Banking solution portfolio is a digital, cloud-native, and cloud-agnostic composable microservices-based platform. The solution is positioned for banks to compose, extend, and deploy banking capabilities at scale via cloud. It can be deployed as SaaS should the bank want, or it can also be deployed on premises. […] Recent wins in the North American market make Temenos a viable alternative as a provider that has tenure and credibility in financial services globally.”

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Source: IDC MarketScape: North America Digital Core Banking Platforms 2024 Vendor Assessment; IDC Document Number #US50463523e

Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

AI is changing the face of the banking industry. How can banks meet the governance challenges and take advantage of this game-changing technology?

To answer this crucial question, the Economist Intelligence Unit (EIU) and Temenos have produced a new report – Overseeing AI: Governing Artificial Intelligence in Banking

Key findings in the report include:

77% of banking leaders believe AI will define winning from losing banks.*
COVID-19 will intensify the use of AI. This makes effective governance more urgent
“Black box” risk and lack of human oversight are key concerns surrounding the use of AI in banking. This makes ethical, fair and well-documented AI-based decisions vital.

To create this report, the EIU conducted a global regulatory review of over 25 reports and summarized the main issues raised by regulators on the topic of managing AI risks in banking. These documents were published in the last three years by banking and financial sector supervisory authorities, central banks and supranational institutions, universities and consultancies.

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* Finding from EIU/Temenos global study – Forging New Frontiers: Advanced Technologies Will Revolutionize banking, 2020

Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

This report by Analyst Firm CCS Insight is a must-read for anyone wanting to deliver an API strategy rich in features. This paper also details the important considerations which must be addressed.

Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

However, this is not a one size fits all utopia, in fact quite the opposite. Payment owners need to carefully navigate and evaluate on a number of strategic choices available to them today via cloud. This is based on their business context and ranges from which cloud-based solution to opt for, and how it’s going to be deployed and delivered, to the scope of services they want to be covered in their arrangements.

This research report from Celent puts a spotlight on the key factors that payment leaders need to incorporate in their thinking when determining the right cloud solution for their needs.

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Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

This year Temenos featured at the top of the sales league table for core banking again, as in nine of the last ten years. We also featured as the best-selling solutions for digital banking and channels and risk and compliance.

#1 best-selling core banking system with T24 Core Banking, securing 45 new name customer deals in 2017, more than double the number of deals compared to the next largest competitor;
#1 best-selling digital banking and channels system with Temenos Channels, gaining 33 new name deals – almost twice as many as the next largest competitor
#1 best-selling compliance and risk management system with a total of 27 new deals with Temenos Risk & Compliance, 59% more than the second-placed system
#2 best-selling Payments system with Temenos Payments selling seven deals in 2017

This ranking, across the bank’s full-stack requirements, is a testament to our strategy of providing packaged, upgradeable, front-to-back software solutions, which help banks to digitalize their operations. Our consistent lead in IBS’ sales league tables shows that we continue to increase the gap against our competition in a market that keeps growing as more banks embark on digital transformation projects, with the aim of becoming end-to-end digital.

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Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

This industry recognised study reviewing financial crime mitigation (FCM) solutions positions Temenos as the leading provider/highest scoring for:

Overall execution – ahead of all other vendors, FS specific and wider
Anti-money laundering (AML) functionality (8.5/10)
Know Your Customer/Customer Due Diligence (KYC/CDD) functionality (10/10)
FCM training and support (9/10)
Deployment and maintenance (8/10)
Geographic coverage (9.5/10)

As Temenos is focused only on financial services, our business model is built around out-investing the competition in research and development – across our focused product set – and recycling this development effort into packaged, regular, and easily upgradeable releases. The report recognizes this, highlighting that ‘Temenos [oil] is a more specialist provider, with a strong market position for KYC/AML/watch-list-screening capabilities’

Positioning in the report is based upon data and supporting documentation relating to three primary areas: technology, execution, and market impact. This was further supplemented by Ovum’s own data and information sources, to provide a level of validation.

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Temenos Recognized as a Leader in the IDC MarketScape for Digital Core - EMEA

Temenos named a Leader in the IDC MarketScape: EMEA Digital Core Banking Platforms 2024 Vendor Assessment.

Download The Excerpt

Banks are under pressure to improve their customer engagement to be able to sell to, retain and drive loyalty in their customer base. As the number of digital channels available to interact with customers increases, banks are looking to invest in packaged systems that manage multiple channels, consistently on a single platform. This not only leads to a better customer experience – but also, lower maintenance and development costs and more easily managed security.

ovum digital banking matrix figure 1 — Source: Ovum

“With Temenos UXP, banks get capabilities that equip them for the digital economy. Being based on a user experience platform, the product has a strong underlying foundation that Temenos has developed, and that will probably see further advancements in the near future. Ovum recommends that banks shortlist Temenos when searching for a competitive digital banking platform solution.”

Ovum associate analyst and report Author, Noora Haapajärvi

Temenos – Technology assessment

‘’It show the dedication and investment that Temenos is putting into digital is paying off. What’s even better is this survey was completed before Temenos launched our real-time campaign solution Digital Engagement and we have since upgraded to UXP 6.0 – which we believe further establishes our leadership in digital banking.’’

Temenos offers a complete digital solution for banks – not just the front office and channels solutions. By offering a complete end-to-end solution.

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