Temenos

#2250

Rank

$5.92B

MarketCap CH

CH Switzerland

Country

Summary
Temenos AG develops, markets, and sells integrated banking software systems to banking and other financial institutions worldwide. The company provides Temenos Transact, a banking solution that offers banking software, and data and analytics; and Temenos Payments, a payment solution that gives banks real-time control, customer service experience, and cost efficiencies and risk management solutions. It also offers Temenos Infinity, a digital banking product; Temenos Multifonds, a fund administration solution; Temenos SaaS solution that supports banks in various sectors and geographies; Temenos Quantum, a multi-experience development platform that delivers digital transformation; and Temenos AI that provides frictionless customer experiences and automate processes. In addition, the company provides Temenos Financial Crime Mitigation that allows banks and financial institutions to avoid regulatory fines, detect fraud, and mitigate reputational risks; Temenos Analytics, a reporting, analytics, and business intelligence product; and Temenos Regulatory Compliance, which is used to address fraud, remain compliant with regulations, and manage risk. Further, it offers retail and private banking, corporate and business banking, Islamic banking, wealth management, financial inclusion, mobile banking, consultancy and training services, and support services. Additionally, the company provides Temenos Developer Community, an open API catalogue that brings standardized out-of-the-box APIs to fast track innovation with online support and resources. The company was formerly known as Temenos Group AG and changed its name to Temenos AG in May 2018. Temenos AG was founded in 1993 and is headquartered in Geneva, Switzerland.

History

The company was started in November 1993, by George Koukis and Kim Goodall having acquired the rights to GLOBUS, the successful banking software platform developed by a team of technical and banking experts in 1988. The company was renamed to Temenos, in reference to a lecture on money given by Hans-Wolfgang Frick at the Temenos Academy , and continued to develop and market GLOBUS.

In 2001, Temenos went public, and is listed on the main segment of the SWX Swiss Exchange . Also in 2001, Temenos acquired a mainframe core banking application aimed at high-end retail banks, originally developed by IBM, and now marketed as Temenos Corebanking.

On 30 September 2003, Temenos launched its T24 banking package. T24 was based on GLOBUS, but with a state-of-the-art banking technology platform. This was the result of 3 years of development effort and an investment of more than US$24 million.In 2011, George Koukis stepped down as chairman and became a non-executive director, and Andreas Andreades became chairman.

In 2021, Temenos has launched a new collaborative fintech marketplace, Temenos Exchange. The marketplace offers pre-integrated and approved fintech solutions that help reduce development costs.

Acquisitions


Mission
We do this by building, delivering and supporting the world’s best packaged, upgradeable and open banking software.

Vision
To provide financial institutions, of any size, anywhere in the world, the software to thrive in the digital banking age.

Key Team

Mr. Philip Barnett (Pres of Strategic Growth & Member of Management Board)

Ms. Deirdre Dempsey-Leclercq (Chief Legal Officer & Member of Management Board)

Mr. Jean-Paul Mergeai (Pres of International Sales & Member of Management Board)

Ms. Kanika Hope (Chief Strategy Officer & Member of Management Board)

Dr. Colin Jarrett (Chief Client Delivery Officer)

Ms. Prema Varadhan (Chief Product & Technology Officer)

Ms. Kalliopi Chioti (Chief Marketing, Environmental, Social & Governance Officer and Member of Management Board)


Recognition and Awards
Temenos has won multiple awards, including the 2018 Paris Fintech Forum Best B2B Fintech, 2017 Banking Technology Awards Best Core Banking System and 2015 Euromoney Awards for Excellence Best Banking Software Provider.

References
Temenos
Leadership team

Mr. Andreas Andreades (Exec. Chairman)

Mr. Max Chuard (Chief Exec. Officer)

Mr. Panagiotis Spiliopoulos CEFA (Chief Financial Officer)

Products/ Services
Apps, Banking, Finance, Software
Number of Employees
1,000 - 20,000
Headquarters
Geneva, Geneve, Switzerland
Established
1993
Net Income
100M - 500M
Revenue
500M - 1B
Traded as
TEMN.SW
Social Media
Fri Mar 01 2024
About

businessabc offers a global business, SMEs wiki directory blockchain, NFTs, AI powered marketplace for businesses worldwide.

Follow Us
Produced by
In collaboration with
Logo

Copyright 2023 © businessabc powered by ztudium