Our Technology
At Temenos, our code is one of our proudest achievements. It is the backbone for 30 years of evolving banking software solutions, for banks in over 150 countries.
The Temenos Banking Platform
Single code, single platform: Our clients always have access to the same scalable, cloud-native, extendable, and upgradable platform. This is firmly supported by a market-leading R&D into our single code base that is accessible for all our clients.
Learn from Tony Coleman, our Chief Technology and Innovation Officer, as he covers our technology outlook, architecture updates and how we deliver scalable performance on a minimum footprint.
Sustainability Benchmark Report 2024
Learn from the 2024 Benchmark report how the Temenos Banking Platform deliver highly scalable transaction performance and helps you decarbonize your banking operations.
Single Platform
By decoupling the technology and functionality on the Temenos Banking Platform, Temenos allows clients to upgrade their banking capabilities from any previous release to the latest, while also ensuring that the technology can be kept up to date to leverage new standards and requirements such as cloud-native technologies.
Upgradable
Temenos invests market leading R&D in a single code base, making sure that all clients benefit from all improvements an innovations going forward. This “Timeless” platform approach ensures our clients can always upgrade and work with contemporary technology in all deployment models – today and tomorrow.
Cloud Agnostic
We work extensively with the main hyperscalers to leverage the latest developments of the cloud. Our clients have the full freedom to deploy the single code base on-premise, on cloud or consume it as Temenos SaaS, and allow al our clients possible future portability from one deployment type or cloud provider to another.
Temenos has always followed a single codebase approach, and this underpins our market-leading research and development (R&D) for banking functionality, ensuring maximum benefit of all functionality to all clients.
Pioneering the cloud
Our relentless focus on allowing our clients to work with contemporary technology is a fundamental pillar of Temenos since the very start 30 years ago: Packaged and always upgradable software is a promise we endure. Through time we pioneered to allow our clients to get their hands on 24×7 banking as an industry first, we were the first to put core banking on cloud in 2011 and evolved to cloud agnostic, cloud-native technology in 2020.
Decoupled technology
By decoupling the technology and functionality, Temenos allows clients to upgrade their banking capabilities from any old release to the latest, while also ensuring that the technology can be kept up to date to support new standards and requirements such as cloud-native technologies, and future disruptive technology developments on the horizon.
Tooling and Extensibility
Many banks struggle to deliver high-quality banking services due to outdated technology, unsupportive tooling, and insufficient quality control. On the Temenos Banking Platform, we offer the Product Builder to configure and streamline product design and management. The Extensibility Framework helps developers and business users deliver customer-driven solutions that allow seamless integration and extension, supported by Temenos Workbench, to easily deliver CI/CD practices and leverage APIs through a web-based UI.
API-first
Temenos APIs enable you to execute strategies to thrive in an age of open banking. They allow our clients to innovate products and services rapidly with access to over 700 enterprise API endpoints on the Temenos Developer Community. And to pursue an ecosystem approach, our clients have access to 100+ pre-integrated fintech solutions for digital engagement, cards, regulatory, compliance, identity, security and more on the Temenos Exchange.
Distributed and event-driven architecture
Temenos Banking Capabilities are defined by their message schema which ensures that they are loosely coupled through an event-driven architecture. This means that the breadth of capabilities available on our open platform can be updated independently, eliminating the problems of distributed but monolithic solutions. By delivering our capabilities in this way, you can upgrade with ease, transform step-by-step, deliver high-speed change and significantly reduce time-to-market and value.
Security
Our SaaS foundation offers rapid and elastic scale, benefiting from the highest levels of security. We build and deliver secure software solutions applying international security methodologies and best practices such as OWASP and SANS. We also create, implement, and maintain security policies and practices that address and adhere to AICPA/SSAE18 SOC2 principles.
Scalability
In today’s economy, banks are expected to perform around the clock. The Temenos Banking platform provides the elastic scalability to perfectly match demand and reduce carbon impact. Annually Temenos performs the Highwater Benchmark in cooperation with key partners to test the latest release of the Temenos Banking Platform, deployed in a production-representative scenario and stack.
Get your copy of the our Temenos Sustainability Benchmark Report 2024.
Frequently asked questions
In 2011, Temenos was the first vendor to put a core banking system onto the public cloud at a time when there were still skeptics who doubted the wisdom of the move. Over the past decade cloud and SaaS adoption has rapidly risen in financial services, and step-by-step we have pioneered cloud and SaaS banking for our clients. Today Temenos offers business-critical banking services through Temenos SaaS in 30+ jurisdictions across the globe, to banks who operate across retail banking, business banking, corporate banking, payments, and wealth.
As financial institutions address the continuous flow of change within the modern banking industry, their underlying technology base has become a constraint in successfully supporting customer demands, easily leveraging the opportunities new technologies bring, utilizing new channels, and replacing end-of-life technology in an effective way.
With the reality of moving targets and an increasing need for agility and flexibility, simply re-investing in the monolithic architecture to create new services and products will not deliver a different outcome. With composable banking, we focus on the ability to allow banks to compose banking solutions from a variety of sources; from Temenos, from other fintech providers, and from the bank itself.
We have a dedicated GRC team following ISO 31000 methodology. Following a robust compliance and certification program, Temenos provides AICPA SOC 1 Type II, SOC 2 Type II, SOC 3, and ISO certification including ISO 27001, ISO 27017, ISO 27018 and ISO 22301.
The Cloud Security Alliance’s (CSA) Cloud Controls Matrix (CCM) is specifically designed to provide cloud vendors with guiding and fundamental security principles and to assist prospective cloud customers in assessing the overall security risk of a cloud provider. We continuously assess and document our responses to illustrate alignment and compliance with the Cloud Control Matrix.
Temenos assists financial institutions in navigating highly complex regulatory environments. International Standards provide frameworks around which we can build our controls, ensuring that we align to industry best-practice, and can support our clients through compliance with regulatory bodies including FFIEC, EBA, FCA BaFIN, APRA, OSFI and SMV.
The Temenos Banking Cloud’s provision of services and supporting contractual documentation are in compliance with the General Data Protection Regulation (GDPR).
To rapidly create fully digital and seamless services, users of the Temenos Banking Cloud can utilize pre-integrated and certified fintech solutions from the Temenos Exchange. It helps financial services to select from a wide variety of leading fintech providers that are fully curated, assessed, and function like any other deployed service of the Temenos Banking Cloud.
Temenos Sustainability Benchmark 2024
As banks look to accelerate performance of their technology, the Temenos Banking Platform proves maximum scalability with a minimum footprint.
Temenos Highwater Benchmark
As banks are expected to seamlessly perform huge transaction volumes around the clock, the Temenos Banking Platform proves it’s massive scalability once again.
Maximising Efficiency – Cloud and SaaS
Learn about the benefits of Cloud and SaaS solutions for financial institutions in our latest blog post from Temenos’ Chief Architect.
Resilience and Scaling
Learn How Temenos clients can exploit Cloud Native technologies.
Progressive Modernization Webinar – Temenos
Partial replacements, big-bang replacements, or satellite cores: The banking industry has seen it all. But today banks can address their existing core technology in a progressive way, where transformation is enabled by a modular platform approach to pave a rapid and secure modernization path.
Five SaaS Trends Driving Cloud Banking Forward
As banks look to deliver hyper-personalized customer experiences by ramping up digital transformation whilst controlling costs, cloud adoption by banks has accelerated.
Leveraging SaaS to innovate
Partial replacements, big-bang replacements, and sidecar cores: The banking industry has seen it all. But today banks can address their core modernization in a progressive way, where transformation is enabled by a modular platform approach to pave a rapid and secure modernization path.
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