OPEN BANKING ECOSYSTEM
Third party developers
Third party providers
Temenos is THE banking software company
To provide financial institutions, of any size, anywhere in the world, the software to thrive in the digital banking age
We do this by building, delivering and supporting the world’s best packaged, continuously upgradeable end-to-end banking software
“We will continue to have a sense of purpose and do business while we help our world become a better place.“
“We have delivered another outstanding set of results for the full year 2018, with excellent performance across all of our geographies and segments.“
The use of remote computing resources to host software and data is driving down the total cost of ownership and reducing risk for incumbents as well as lowering barriers to entry for new entrants to banking.
The move to utilizing AI and Machine Learning in both interacting with customers, for example through robo-advisors and chat bots, and in risk and compliance, improves customer service and satisfaction whilst also reducing cost and risk.
The move to Open Banking is both a risk and an opportunity for banks. There is increasing pressure on banks to support interfaces that allows third parties to access their customer data, equally banks with modern, open IT platforms are better able to take advantage of third party innovation to improve their customer service.
A number of technology trends are driving change across the banking landscape and influencing the approach banks take to their IT renovation.
Banks have vast quantities of uniquely valuable data on their customers, however they are only just starting to use analytics to leverage this as a competitive advantage. Banks have the potential to improve customer service, increase product penetration and reduce risk.
The rise of new technologies such as distributed ledgers may present an important opportunity for banks in the future. Banks need to ensure they are using modern, open IT platforms in order to take advantage of emerging technologies.
Banking has seen exponential growth in the number of interactions and transactions taking place through mobile devices. Banks need to ensure they can provide their customers a complete banking service with minimal friction. Those banks with the best mobile service will be able to better attract, retain and cross-sell products to their clients.
We supply the same software to all of our clients – regardless of their size and location. There are optional modules within this which a bank can choose from, but we produce the same software for all our clients.
We make our products packaged, integrated and upgradeable. Our products are designed to work separately and together and, once installed, be upgraded as new versions of the software are released. This means that our clients benefit from our ongoing investment in the product which has created the richest banking functionality in the market.
Temenos has a stable business model, shown in the strength of our financial results and also by the long tenure of the management team. We benefit from a strong and committed ecosystem of Partners working closely with us.
With advanced and automated tools and methodology, the testing and deployment of change means banks can reduce their release cycles from months to hours enabling them to roll-out new applications at speed. Temenos invests both in its own staff and implementation tooling, as well as working with its Partners to build a large ecosystem of implementation capability outside of the Group.
Temenos has a long history of investing in its products. This has ensured our position as the leading solution in our sector and, together with the upgradeability, means that clients can continue to enjoy the benefits of our industry leading investment in the future.
Total software licensing revenue growth of 21%
Maintenance revenue growth of 12%
Total revenue growth of 15%
EBIT margin of 31.5%, up 1.1 percentage points
Operating cash conversion of 117% with DSOs down five days in the year
Strength of cash flows and growth in profit support 2018 dividend of CHF 0.75 per share, an increase of 15% (2017: CHF 0.65 per share).
Third party developers
Third party providers
Digital Front Office
Bank Peripheral Systems
The Temenos Retail Banking solution is an integrated banking software solution for retail banks of all sizes across the globe.
The Temenos Corporate Banking solution, with its scalable innovative technology, provides superior features for corporate banks, supporting profitability, customer acquisition and retention.
Temenos has a long-standing focus on the Wealth Management sector. The solution covers all parts of the industry, from the U/HNWI to the Mass Affluent and is designed to be deployed by all participants in the sector, ranging from Private Banks to Wealth Managers to Retail Banks for the mass affluent sector.
With Temenos’ Fund Administration solution, clients have the capability to manage all asset classes and jurisdictions, both now and in the future, from a single accounting and investor servicing platform.
Temenos’ Islamic Banking solution services the Islamic banking community with Shari’ah compliant, flexible solutions that have been specifically designed to support wealth, retail, corporate and treasury bank needs.
Temenos’ Inclusive Banking offering is an integrated banking software solution that helps community banks and Financial Institutions (FI) of all sizes, active in both (group and individual) lending and (member) deposit holding.
Temenos Infinity has revolutionized our current offering delivering a new independent digital banking solution. It can be sold and deployed on any combination of back office systems, including non-Temenos core banking systems as well as Temenos T24 Transact. Temenos Infinity is deployed using the Temenos Banking Platform. It incorporates Temenos channels and real-time marketing, our market leading onboarding capability as well as a simple product origination process.
Temenos T24 Transact is the market leading core banking solution. Designed to operate in a truly packaged manner, and with a consistent policy of maintaining a single functional base, the breadth and depth of the products capabilities have grown over the years. With more than 25 years of investment in the product functionality, the product contains massive functional capabilities, all of which can be accessed by any Temenos client who uses the software. The policy of including all enhancements back into the base product continues, ensuring that any bank which licenses the software can continue to enjoy the future investment which Temenos makes into the product.
Our Payments product is a uniquely flexible payment offering that not only gives banks full, real-time control but also a harmonized customer service experience and is a centralized for cost efficiencies and risk management. Our Payment Hub is designed to process domestic and international payments in one solution in any region as defined by analysts as ‘a vision for the payment architecture.’
Temenos WealthSuite is designed to empower a wealth manager’s business. The solution helps wealth managers to industrialize the investment process, allowing for the efficient management of investments for large numbers of complex portfolios whilst achieving maximal investment performance.
The solution covers the full spectrum, supporting all product types and all asset classes on our unique, single platform. Clients choose us because they know we can support all their fund administration requirements, both now and in the future.
Temenos has offered its software on a cloud-hosted basis since 2011, being an early adopter of this approach to delivering software. Since then, the range and scope of the offering has grown, with various SaaS offerings being available. 2019 sees the introduction of further SaaS offerings which build on the success and uptake of the solutions sold since 2011.
Unlocking the power of banks’ data to become analytically driven and drive profitability and efficiency improvements throughout their entire organization. Temenos analytics enables banks to harness a wealth of data and transform it into valuable business intelligence to support better decision-making across the enterprise and to enrich all interaction with their customers.
A uniquely flexible range of intelligent, versatile solutions for banks, large and small, to combat financial crime.
Enabling financial institutions to navigate the complex regulatory landscape in order to remain focused on serving customers, creating innovative products and improving profitability.
With our extensive experience of client implementations we have packaged all country specific localizations, including compliance with regulations and local payments systems, into reusable country platforms, to provide our clients with software that fully supports local requirements. We currently offer country model platforms for over 30 major countries.
Temenos’ Integration offering makes banks more agile by enabling them to integrate systems much faster and more cost efficiently, and be more competitive by enabling real-time, highly scalable, self-assisted and multi-channel banking 24x7.
Temenos’ Interaction offering accelerates the pace of innovation around banks’ services by enabling them to easily expose their services to innovation Partners and to any User-Interface (UI). It also lets the bank create innovative combined services and efficiently manage UIs across multiple channels/devices/roles/languages.
Temenos’ Platform offering helps banks run and scale their business systems much more efficiently and to minimize TCO. It does this by letting banks run their core banking system in an application server and, when required, in a multi-tenant or cloud-based set-up. In all cases, business functionality is totally preserved.
Temenos’ Data products provide banks with a unified data platform that helps them deal with the massive data volumes of the digital banking era by efficiently managing their data, unlocking and better accessing their data, and extracting value from their data.
Temenos’ Design offering boosts banks’ responsiveness to changes in business requirements while reducing cost-per-change, by enabling banks to adapt the functionality of their Temenos business systems and to adapt their business processes in a productive, cost-efficient and low-risk manner.
Banks and fintechs are working together to unlock the full potential of Open Banking. But does the real benefit lie in leveraging real-time payments?
According to the World Bank, an estimated two billion adults across the globe do not have a basic bank account. In addition, 200,000 formal micro-, small- and medium-sized enterprises in emerging economies do not have access to the financing they need to grow.
Customer interaction and channels preferences have experienced significant changes over time and are constantly evolving and expanding across all industries, including banking. To consolidate customer satisfaction and cultivate customer advocacy, banks must endeavor to continue to meet these changing needs through use of innovative and progressive technology.
Wealth management is booming. PwC predicts that global assets under management will double by 2025 to USD 145.4 trillion, with much of the growth coming from the mass-affluent market.
We asked many banks what kind of digital organizations they aspired to be. The response from most was: Amazon.
When new technology companies began developing innovative business models and applications in the world of finance, many commentators suggested that the industry was heading for a revolution. Banking was, after all, ripe for disruption.
Cloud based, individual subscription learning platform, providing unlimited, 24x7 access to official Temenos training and certification programs and our global expert community.
The digital learning and communications platform, that is able to capture and maintain bank specific operating procedures and content, in order to rapidly upskill and certify their teams.
Virtual or instructor-led classroom training provided by highly experienced, certified trainers in standard or bespoke formats, delivered both onsite or via public access classrooms.
“We are committed to giving back to the communities where our employees, Partners and clients live and work.“
Average people see difficulties, exceptional people see opportunities.
People make things happen. People define our destiny.
We walk the extra mile to build strong and lasting relationships with our stakeholders and create sustainable value for them.
We dream big and pursue our goals fearlessly.
Everything starts and ends with our clients’ goals.