Temenos transforms the traditional approach by breaking down the software into independently scalable microservices that can be deployed rapidly, enabling you to make high-impact changes frequently, predictably and seamlessly, enhancing DevOps capabilities: coding in the morning and consuming in the afternoon. By exposing these banking microservices as APIs in the cloud, our clients benefit from the easy plug and play integration to both existing environments as well as to an ecosystem of partners, developers and FinTechs via the Temenos Developer Community.
Temenos Infinity now includes seven new API driven microservices, enabling the separation of banking distribution from manufacturing and channel functions. Packaged for agile development and rapid time to market, they provide services such as Origination and Onboarding, and Multi-Party services to maintain entity data for all parties of a transaction even if core systems are not available. See full list.
Components can be added, managed and scaled independently based on your requirements, speeding up the change process. Decoupled services can be written in the best language for the task – all harmoniously coexisting and delivering a resilience not experienced in monolithic systems – should one service fail, the other services remain unaffected.
The microservice architecture introduces highly efficient elastic scaling capability, automatically provisioning resources to perfectly match demand upwards or downwards. Improve the service ROI as overprovisioning resources become a problem of the past.
Organized Around Business Capability
Services are developed to fulfil specific business objectives needed and desired customer experiences, meaning you can organize development teams around business capabilities, rather than technologies.
Distribute Development Workload
The independence of components eliminates the issues of productivity and speed by decomposing applications into manageable services that are faster to develop. Different teams can independently and simultaneously develop components, enabling faster project delivery and better quality.
Recognizing the value of cloud computing to our clients, Temenos has made significant investments in its core banking solutions, and software deployment options. These benefits transcend the costs savings that can be achieved by utilizing the cloud – Temenos has introduced a rich cloud offering for any type of bank at any stage of their cloud journey in order to easily take their place in the digital banking landscape. Download the brochure to find out more.
Digital banks and their underlying software architectures need to respond to market shifts by adapting faster than ever before. As no single vendor can provide market leading components for every part of a digital bank, the successful digital bank’s architecture is designed in a composable way, bringing together API-driven systems to support the business.
Forrester examined the total cost of ownership for different development approaches for banking customer-facing systems and recommends a path that may surprise you.