TEMENOS AG SP/ADR - TMSNY STOCK NEWS

Temenos has launched the first market-ready SaaS solution for financial crime mitigation (FCM), allowing banks to manage compliance through a secure, self-service platform. This solution uses patented Explainable AI (XAI) and is designed to reduce operational costs, enhance accuracy, and speed up client onboarding by 92%. With over 300 banks using the platform, it addresses the rising challenges of financial crime while enabling banks to scale operations without significant IT investments. The service is integrated within the Temenos Banking Cloud, offering flexibility and pre-built configurations aligned with global regulations.

Temenos has been recognized as a leader in the Forrester Wave report for Digital Banking Processing Platforms in both corporate and retail banking. The report highlights Temenos' open platform and AI-powered banking capabilities, noting its strong position in strategy and current offerings. With a modular system that adapts to various banking needs, Temenos supports over 3,000 banks globally, significantly enhancing operational efficiency and customer experiences. CEO Max Chuard emphasized the importance of flexible, cloud-native solutions for banks aiming to reduce costs and improve services.

Bank of Queensland has successfully launched retail banking services on the Temenos Banking Cloud, enabling a seamless experience for customers of BOQ, Virgin Money, and ME Bank. This modernization effort consolidates 40 systems into a single platform, enhancing operational efficiency and reducing costs. Since the launch, over four million transactions have been processed. The transformation aims to provide cutting-edge features and faster transactions, while catering to evolving customer expectations and increasing competitive advantage.

Temenos has been recognized as the leading provider in several banking software categories for the 17th consecutive year by IBS Intelligence. The company ranked #1 in core banking, digital banking, and payments systems, with significant market share in each category. Notably, Temenos maintained a 49% market share in Universal Banking solutions, signed 79 digital banking deals, and achieved 50% year-on-year growth in Islamic Core Banking. The firm's platform supports banks in modernizing their technology efficiently while speeding up product innovation.

Temenos has partnered with TS Banking Group for a comprehensive digital transformation, migrating all banking operations to the Temenos Banking Cloud. This initiative will enhance product offerings and improve customer experiences across its three brands: TS Bank, The Bank of Tioga, and First National Bank and Trust Company. With $1.5 billion in banking assets, TS Banking Group aims to leverage Temenos' technology to better serve local communities, especially in the farming sector, increasing agility and efficiency.

Temenos announced that Swiss private bank Mirabaud has chosen its Banking Cloud for transitioning from traditional systems to a digital wealth management platform. This shift aims to enhance agility in responding to evolving investment opportunities and client expectations. Mirabaud will utilize Temenos' comprehensive suite of capabilities for improved customer experiences through automation. Privacy remains a priority, with robust technology ensuring data protection. Temenos aims to support Mirabaud's digital transformation by leveraging their innovative software solutions.

Temenos (SIX: TEMN) announced that stc pay, the leading digital wallet in the Middle East, is now operational on its open platform for composable banking. The platform enables stc pay to efficiently manage over 8 million accounts, facilitating global payments, online shopping, and ATM withdrawals. Launched in 2018 and licensed by the Saudi Central Bank in 2021, stc pay is positioned for growth amid increasing digital payment adoption in the region. Collaborative efforts with Seedz Technology Group and BankerWay have integrated advanced banking capabilities to enhance stc pay's offerings.