Temenos Announces Continued Strong Q3-21 Momentum With License Growth of 20%, SaaS Revenue Growth of 30% And Bookings Growth of 19%
GENEVA, Switzerland, October 14, 2021 –Temenos AG (SIX: TEMN), the banking software company, today reports its third quarter 2021 results.
Changemakers – Making Banking Better, Together
Changemakers are leaders, pioneers and risk-takers who believe in changing the landscape by leveraging the power of technology. They unleash the full power of the Temenos technology platform to imagine, create and deliver outstanding banking experiences to more than 1.2 billion people across the world
Technology for Better Banking
We are passionate about helping financial institutions of all sizes, in all sectors, around the world, to dramatically accelerate their digital transformation.
Temenos products combine the richest front-to-back banking services and the most advanced cloud-native, AI and API-first technology enabling our top-performing clients to achieve industry-leading cost-income ratios of 26.8% and returns on equity of 29.0%, 3X better than the industry average.
With the largest global community of banks, FinTechs, developers and partners, we exist to make banking better, together.
Meet The Temenos Banking Cloud
Instant access to the most extensive set of banking services at the click of a button
Temenos Recognized as a Leader in the Forrester Wave for Digital Banking Engagement Platforms (DBEP)
Learn More About Our Products
The World’s #1 Banking Platform
41 of top 50 banks run Temenos
#1 best-selling core banking system in the IBS League Table for the 16th time in 2021
$ 2 BILLION
$2 billion USD cumulative R&D investment 1990-2018
307 successful deployments in 2020
1 best-selling digital banking system in the IBS League Table (2017-2021)
11th consecutive year named as a leader in Gartner’s Magic Quadrant for Global Retail Core Banking
15 consecutive years as a Global Power Seller according to Forrester’s Global Banking Platform Deals Survey
#1 best-selling payments system in the IBS League Table 2021
$ 19 TRILLION
$19 trillion USD in assets managed by Temenos software
100+ FinTechs in our MarketPlace
Temenos makes banking possible for over 1.2 billion people
150+ countries on our model bank framework
3000 clients in 150 countries
7000+ Temenos-skilled partner consultants
Gain the Competitive Advantage
Using innovative solutions that support hyper-efficient cost models, our clients pass real value back to their customers. Varo estimates that their cost to service a customer is 25% of what it will cost a traditional bank to serve a similar customer.
With cloud-native, cloud-agnostic technology, banks can elastically scale in real-time with the flexibility and resilience to run on any cloud. This helps our clients launch products in cycles that are 10x faster and transform their business digitally from the bottom-up with access to the next generation of AI-powered explainable applications.
Richest, Front-To-Back Banking Software
For more than 25 years, we have consistently invested over 20% of our revenue into continually enhancing our packaged software, to create the richest and deepest functionality in the industry.
Deliver Personalized Customer Experiences
Convert prospects to customers at a rate 2x the competition, using analytics to continuously improve the experience across the customer journey.
Freedom to Innovate
Use Temenos Continuous Deployment (DevOps) to code in the morning and deploy in the afternoon, with over 700 open APIs and access to over 100 FinTechs.
Global Expertise, Regional Focus
We build reusable regional functionality, including regulatory compliance requirements, for over 150 countries based on our model bank framework. This helps banks go live more quickly and acts as a foundation for future innovation.
330 Temenos banks went live on our solutions in 2019 – our Build & Renovate implementation strategy dramatically reduces transformation time, cost and risk.
End-to-end digital transformation presents banks with a trillion-dollar profit opportunity, reveals the newly launched Temenos Value Benchmark Program
Temenos today announced the first set of results from the Temenos Value Benchmark, a strategic, survey-based program providing in-depth analysis of how software capabilities impact a bank’s profitability.
Corporate Social Responsibility
At Temenos, we strive to achieve our business goals with integrity and within established ethical guidelines.
Join the Digital Banking Acceleration
Together, we are making banking better – join us us on this journey and take your career to the next level!