GENEVA, Switzerland – July 26, 2019 – Temenos (SIX: TEMN), the banking software company, has been awarded the ‘Excellence in Digital Banking’ award at the Finnovex Awards, which took place at the Finnovex Southern Africa event in Johannesburg, South Africa.
The Finnovex Awards are designed to recognize and celebrate the outstanding achievements of individuals, financial institutions and service providers. The awards highlight all areas of banking, from digital banking to payments to fintech, as well as individual leadership awards. Attendees at Finnovex Southern Africa voted for each category to recognize pioneers and visionaries who have transformed the financial services industry.
Temenos received the ‘Excellence in Digital Banking’ award for its market-leading, end-to-end, digital banking software and continued dedication to the region. This year has marked a major milestone with the launch of Temenos Infinity – a breakthrough digital front office product – and Temenos T24 Transact, the next generation in core banking. These new products further demonstrate a commitment to constant innovation, leveraging 25 years of experience serving 3,000 banks in more than 150 countries using packaged model bank functionality, combined with revolutionary cloud-native, cloud-agnostic, API-first technology.
With Temenos’ upgradable banking software, banks are able to transform the customer experience while overcoming barriers to investment. Temenos Infinity empowers banks to better connect with their customers, transforming multiple siloed banking channels and legacy applications into a fast, consistent, frictionless customer journey. Temenos T24 Transact generates massive efficiencies in the back-office while breaking down barriers to leverage data and analytics with a real-time 360-degree view of the customer. Together as an end-to-end digital platform, Temenos Infinity, and Temenos T24 Transact enable banks to digitally transform from front to back. More than 150 financial institutions in 35 countries across Africa run on Temenos software.
Jean-Paul Mergeai, Managing Director – the Middle East and Africa at Temenos, said:
“I am delighted that Temenos has been chosen as the winner of this year’s ‘Excellence in Digital Banking’ award. We believe that a better-banked world is a better world, and we’ve been working extensively to bring world-leading technology to more banks and more people in southern Africa. This award demonstrates that the market recognizes our efforts. With Temenos, our clients never have to worry about falling behind because of our relentless focus on innovation – we invest 20% of our revenues in R&D every year. This enables us to continue to provide the best, most modern technology for our clients to deliver engaging and empowering digital banking experiences to customers and staff.”