IBS Ranks Temenos #1 Best-Selling End-To-End Banking Software Provider

IBS Intelligence’s annual Sales League Table 2018 evaluated 1,500 banking industry deals in 2017, across 124 countries, to identify the best-selling propositions across a number of categories.

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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.

IBS Ranks Temenos #1 Best-Selling End-To-End Banking Software Provider

IBS Intelligence’s annual Sales League Table 2018 evaluated 1,500 banking industry deals in 2017, across 124 countries, to identify the best-selling propositions across a number of categories.

Download report

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IBS Ranks Temenos #1 Best-Selling End-To-End Banking Software Provider

IBS Intelligence’s annual Sales League Table 2018 evaluated 1,500 banking industry deals in 2017, across 124 countries, to identify the best-selling propositions across a number of categories.

Download report

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.

IBS Ranks Temenos #1 Best-Selling End-To-End Banking Software Provider

IBS Intelligence’s annual Sales League Table 2018 evaluated 1,500 banking industry deals in 2017, across 124 countries, to identify the best-selling propositions across a number of categories.

Download report

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.