News

The bank will migrate retail and corporate banking to Temenos Banking Cloud to drive growth and expand into new segments

GENEVA, Switzerland, February 26, 2024 – Temenos AG (SIX: TEMN), the banking software company, today announces the Board of Temenos has formed a Special Committee led by the Non-Executive Chairman, Thibault de Tersant. While the Board believes Temenos is running a sound business with robust financial controls, the Special Committee will oversee the previously announced examination of the allegations raised in the report published by Hindenburg Research (“Report”).

Temenos Infinity solution enables Commerce to create a fast, omni-channel origination experience for securities-based loans and lines of credit

GENEVA, Switzerland, February 19, 2024 – Temenos AG (SIX: TEMN), the banking software company, today announces its fourth quarter and full year 2023 results.

The Board of Directors of Temenos AG (the Company) fundamentally refutes the report published today by Hindenburg Research.

Europe’s banks see migrating core banking systems to the cloud and SaaS as a strategic priority, to improve customer experience and ensure operations are agile and secure

Temenos is leading the transition to a more sustainable banking industry with Software-as-a-Service

The NPS of +54 reflects Temenos’ trusted status among customers and its leadership as the banking platform of choice

Temenos’ cloud-native platform enables SBI to rapidly launch US dollar financial products and leading digital experiences to customers across Latin America

Financial institutions in these countries will benefit from Temenos’ world-class banking platform and Nagarro’s regional expertise to offer Country Model Bank functionality

Capgemini, Systems Limited, IBM, Deloitte, Formpipe, RCG Global Services and LTIMindtree recognized for driving innovation and customer success

FY-23 ARR grew 16% c.c. to USD730m, exceeding guidance of 13-15% FY-23 Total Software Licensing growth of 10% c.c. vs. guidance of at least 6% growth FY-23 EBIT growth of 12% c.c. vs. guidance of at least 8% growth FY-23 Free Cash Flow grew 26% to USD243m, significantly exceeding guidance of 12-14%

LEAP enables banks to seamlessly and quickly move to the latest cloud-native Temenos technology complete with the latest banking capabilities using AI and a standardized methodology

William Moroney is promoted to President International and joins the Executive Committee Philip Barnett President Americas also joins the Executive Committee