IBS Intelligence Recognizes Temenos as the #1 Best-Selling Banking Software in Six Categories; the Highest Awarded to Any Technology Provider
Temenos (SIX: TEMN) has been recognized as the market's leading open platform for composable banking in the IBS Intelligence Sales League Table (SLT). IBSi recognized Temenos as the leader in six categories, more than any other technology provider, including digital banking and channels, core banking and payments.
The IBSi SLT 2022 assessed systems purchases made by over 1000+ banks across 250+ products from 60 suppliers. Temenos was ranked:
- #1 best-selling Universal Banking - Core Banking solution with 49 new named deals, maintaining its market leadership with 49% of total deals in the market. Temenos was the only major core vendor to increase its market share year-on-year
- #1 for Digital Banking and Channels – signing 79 deals, maintaining more than 50% market share in the Americas
- #1 in Payments Systems for retail banking, for the fourth consecutive year, with 43 new named deals
- #1 for Risk Management with 39 new name deals, 2X the number of deals of the next vendor
- #1 for Islamic Core Banking with 50% year-on-year growth at 11 new named deals
- #1 vendor for Digital Banks, Neobanks and Challenger Banks with 34 new named deals – 4X the next placed vendor
Temenos provides the world's leading open platform for composable banking, allowing banks and financial institutions to easily assemble, test and extend their broad banking capabilities. This helps banks and non-banks to bring innovative products to market faster to meet growing customer expectations while reducing the cost of development. Temenos' extensibility framework enables its clients to make high-impact changes predictably and with minimum effort using low code / no-code tools.
Temenos' ongoing investment in R&D is reflected in the number of signings. IBS recognized Temenos as a global leader, with the largest number of global deals in 2021. These accolades follow results from the Forrester Global Banking Platform Deals Survey 2022, where Temenos was the only vendor recognized as a Global Power Seller with more than 50 New Named Deals in more than five regions.
Nikhil Gokhale, Head of Research, IBS Intelligence, said: "The core of the future will be a modular system, letting the bank ‘change pieces’ easily, in a ‘plug and play’ manner and implemented in a cloud environment. This was evident in the new customer deal activity reported for the conventional back-office system categories during the last two years. The SLT 2022 report highlights that as banks move from legacy core banking systems, they opt for solutions on a micro level depending on their requirement rather than replacing their entire systems. The composable nature of Temenos' platform is in line with this trend where financial institutions are looking to modernize their technology one step at a time."
Max Chuard, CEO, Temenos, said: "We are delighted to be recognized as a best-selling banking software provider across six categories, more than any other technology provider, including neo-vendors and established players. We are proud to power a world of banking that creates opportunities for everyone and that 1.2 billion people rely on our technology for their daily banking needs. This impact is reflected in our continued success and recognition from industry experts like IBS Intelligence. Financial institutions need an open platform that provides scale, agility, and speed to respond to a changing world where digital transformation is imperative. This year's Sales League Table shows yet again that Temenos is the strategic technology partner of choice for banks that want to transform the way they do business."
– Ends –
Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 1.2 billion banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.
Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8%, half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.
For more information, please visit www.temenos.com.
To view this piece of content from cts.businesswire.com, please give your consent at the top of this page.
Jessica Wolfe & Scott Rowe
Temenos Global Public Relations
Tel: +1 610 232 2793 & +44 20 7423 3857
Email : firstname.lastname@example.org
Newgate Communications on behalf of Temenos
Tel: +44 20 7680 6550
About Business Wire
(c) 2018 Business Wire, Inc., All rights reserved.
Business Wire, a Berkshire Hathaway company, is the global leader in multiplatform press release distribution.
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Watts Water Technologies Completes WAVE Water Stewardship Verification17.8.2022 17:00:00 CEST | Press release
Watts Water Technologies, Inc. — one of the world’s leading manufacturers and providers of plumbing, heating, and water quality products and solutions — has successfully completed verification for The Water Council’s WAVE: Water Stewardship Verified program, indicating the company has assessed water-related risk across the enterprise, identified the highest water-related impacts using credible water-related data and implemented best practice in improving water stewardship performance. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220817005123/en/ (Graphic: Business Wire) During the WAVE process, Watts prioritized eight of its sites with the highest water risk, identified the watersheds in which it operates, conducted a water balance to learn more about its water inputs and outputs, and engaged the community around its selected sites. As a result, Watts took a variety of actions at the local and global level to reduce water
Blockchain protocol for metaverses, Meta0, to launch at Gamescom17.8.2022 15:16:00 CEST | Press release
Meta0, a new blockchain startup that connects metaverses and blockchain ecosystems through a Layer 0 protocol, will officially launch at Gamescom in Cologne, Germany. Meta0's website is now live at www.meta0.org. Meta0 provides the tools game developers need to easily reach players on every blockchain while also spending less time, money, and personnel on the development process itself. As a one-stop shop for game developers, they remove the technical complexities of blockchain integration by providing intuitive API and SDK-based solutions that offer cross-chain support. "With our technology, there won't be any 'blockchain wars' like there were with consoles," said Inal Kardanov, Chief Technology Officer of Meta0. "This means players get the best game possible, while developers and publishers reach as many gamers as possible regardless of preferred blockchain." In its current state, blockchain games are highly dependent on the individual chains they are built on. Meta0 will change that
CORRECTING and REPLACING: Pharmasimple Announces Its Decision to Acquire an Equity Stake in Phytocann Group17.8.2022 15:14:00 CEST | Press release
Headline of release dated August 16, 2022, should read: Pharmasimple Announces Its Decision to Acquire an Equity Stake in Phytocann Group (instead of Phytocann Group announces its acquisition of a stake in Pharmasimple). Also, first sentence of second paragraph should read: Pharmasimple is delighted to acquire a 5% equity stake in Phytocann Group for the sum of 5 million euros (instead of Phytocann Group is delighted to acquire a 5% stake in Pharmasimple for the sum of 5 million euros). This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220809005631/en/ The updated release reads: PHARMASIMPLE ANNOUNCES ITS DECISION TO ACQUIRE AN EQUITY STAKE IN PHYTOCANN GROUP Phytocann Group, a vertically integrated company and European CBD pioneer, is proud to announce a partnership with Pharmasimple, a company listed on Euronext Growth Paris and industry leader in Belgium. This strategic rapprochement opens up a new era for the distribution o
Bacardi Limited Welcomes Consumer Goods Executive Dave Ingram to Lead Operations17.8.2022 15:00:00 CEST | Press release
Bacardi Limited, the world’s largest privately held spirits company, today announces the appointment of Dave Ingram as Chief Supply Chain Officer. Dave brings 30 years of supply chain and strategic sourcing experience to Bacardi where he will lead the end-to-end supply chain experience -- from achieving our goal of sustainably sourcing key ingredients, to leading operations sites across the globe, to managing a robust supply chain track that brings products to shelves and consumers’ hands. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220817005218/en/ Bacardi Limited announces the appointment of Dave Ingram as Chief Supply Chain Officer (Photo: Business Wire) Dave will report to Chief Executive Officer Mahesh Madhavan and joins the company’s Global Leadership Team effective September 1, 2022. He will be based in Geneva, Switzerland. This appointment follows the retirement of Jean-Marc Lambert after more than 20 years with t
Prosimo Delivers Industry First Full-Stack NetDevOps Toolkit for Multi-Cloud Networking17.8.2022 15:00:00 CEST | Press release
Prosimo, the Application Experience Infrastructure company, introduced a new NetDevOps Infrastructure-as-Code (IaC) Toolkit that enables enterprises to accelerate the deployment of cloud networking. Deployed by F500 companies and large enterprises, the Prosimo Full-Stack Cloud Transit with the new IaC Toolkit provides complete orchestration of cloud networking services required to connect, scale, and secure enterprise applications with complete visibility across a multi-cloud infrastructure, which reduces the network delivery lifecycle and adds implicit zero-trust while delivering compelling autonomous networking capabilities. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20220817005147/en/ Multicloud transit with Terraform: https://learn.prosimo.io/youtube-all-videos/multicloud-transit-with-terraform-2 (Graphic: Prosimo) Learn more: Prosimo IaC toolkit video "According to ESG's Distributed Cloud research, organizations are a