News

Temenos worked with Canada Life UK to support specific functionality for the UK market, including support for UK SORP, UK tax, Solvency II and unique company reporting requirements. Since implementation, the firm has migrated over 800 funds in a single weekend and will administer more than £40 billion of assets on the Temenos platform.

Commerce Bank in St. Louis has gone live with the Temenos core banking platform for deposits. Although Temenos offers its core system in the cloud — Varo Bank, the California challenger bank is using an entirely cloud implementation — Commerce Bank chose to go on-premise.

Temenos today announces that Bank of Kigali Plc, Rwanda’s largest bank by assets and market share, has gone live on Temenos. Replacing its core banking system with Temenos open platform for composable banking allows the bank to break free from legacy constraints and accelerate its digital transformation.

GENEVA, Switzerland–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company, today announces that HBL, Pakistan’s largest bank network is to adopt the Temenos core banking platform to provide domestic and international operations with a cutting-edge banking experience.

2022 looks promising for the wealth management industry. Patrick Brusnahan asks Alexandre Duret, product director, wealth, Temenos, on the most significant changes set to shift the private banking sector

The asset management industry as we know it has changed forever, and for the last two years, the industry has faced a time of unprecedented demands that will ultimately produce new winners and losers.

The UK Government announced a review into Buy Now, Pay Later (BNPL) that will ran into January. Two of the main issues being considered by the review are how providers assess creditworthiness; and the need to provide clear information to consumers about the risks involved.

Financial services firms are set to increase their investment in cloud technology over the next two years, citing the prospects for business and revenue growth, according to a new financial services study by Capco and Wipro FullStride Cloud Services.

Core banking provider Temenos reported a 32% year-over-year increase in revenues related to their software as a service (SaaS) offering. While earnings per share declined to $1.07, an 11% decrease YoY, key indicators overall were strong for the Swiss software giant. Total revenues climbed 8% YoY to $153 million.

Temenos, the banking software company, today announced it has strengthened its Executive Committee with the appointment of Erich Gerber as President and Chief Revenue Officer. His appointment is effective March 1, 2022.

Jeremy Boot, Senior Product Manager at Temenos, explores the impact of digital assets on the financial industry and how banks must adapt to thrive in the brave new tokenized world.

US-based Commerce Bank, part of Commerce Bancshares, has deployed the core banking platform of Temenos to digitize its legacy systems. This partnership is aimed at enhancing Commerce’s ability to innovate and integrate new technologies.