GENEVA, Switzerland – December 1, 2021 – Temenos (SIX: TEMN), the banking software company, today announced that it has relocated its North American headquarters to the Helmsley Building on Park Avenue in New York City.
Temenos has delivered software to banks of all sizes around the world for 28 years, from the largest banks to challenger banks at the start of their journey. The United States is key to Temenos’ strategy, representing 40% of Temenos’ total addressable market with 5,000 credit unions and 4,300 banks.
“As the US epicenter of finance and tech industries, New York City is proud that Temenos chose us for their headquarters. Their move demonstrates that NYC provides the best access to top talent, as they work to digitally empower the world’s biggest banks, while giving back to the community,” said New York City Economic Development Corporation President and CEO Rachel Loeb.
Over the past few months, Temenos has made several key announcements, demonstrating continued growth in the region. Temenos signed a strategic partnership with Mbanq to launch a credit-union-as-a-service offering through its Credit Union Service Organization (CUSO) for both new and existing credit unions. Banking-as-a-Service (BaaS) has gained momentum in North America and globally, with more and more financial institutions looking to provide white-labeled banking services to neobanks, fintechs and other banks looking to break into new markets. Temenos also continues to expand its North America customer base of 1,400, with recent signings with Green Dot, a digital bank and fintech, and M1 Finance, a leading US personal finance platform.
Dan Henry, President and CEO of Green Dot said: “Temenos is a critical component of our mission to seamlessly connect people to their money, both directly with our digital bank and products like GO2bank, and through our valued partners. Collaboration is key for success and growth – we’re happy to see Temenos investing in its ecosystem by opening the new headquarters in the seat of banking in the US.”
Jacqueline White, President – Americas, Temenos, said: “The relocation of our headquarters represents our continued investment in North America, and our commitment to our clients. As the hub of the US financial services industry, New York City brings together industry experts, visionaries, and the changemakers to drive innovation. The financial services industry is undergoing a once-in-a-generation transformation – by relocating our headquarters to New York City we can better collaborate with other industry leaders to build the future of banking from the heart of the financial services industry.”
Andrew Moor, CEO, EQ Bank said: “As Canada’s Challenger Bank, we have a long-standing relationship with Temenos as one of our strategic technology partners that help us deliver easier and more intuitive ways to bank in Canada. We chose Temenos because it continuously invests in its technology, and creates solutions tailored to our market. With Temenos, we made history in Canada as the first challenger bank, and the first bank to move its entire core banking system to the cloud. We’re happy that the team continues to challenge themselves to innovate and grow, and we’re delighted to celebrate that growth with them for the launch of their new headquarters.”