TEMENOS AG SP/ADR - TMSNY STOCK NEWS

Temenos and Amazon Web Services (AWS) have strengthened their partnership to deliver enhanced digital banking solutions. This multi-year agreement aims to provide robust onboarding and origination services on AWS, enhancing performance, scalability, and security for banks. Since starting collaboration in 2019, they've seen significant uptake, with over 1,000 financial institutions utilizing Temenos solutions. The cloud-native platform offers optimized costs, quick deployment, and supports banks in achieving their ESG goals through reduced carbon footprints.

Temenos has launched Temenos CEO Navigator, a subscription-based benchmarking and advisory service for C-level banking executives. This service leverages insights from over 100 banks to enhance technology investments and profitability. Utilizing over 50,000 data points, it identifies performance drivers and metrics for improvement. The service highlights the benefits of digital transformation, revealing that top-performing banks achieve cost-income ratios half the industry average and returns on equity nearly three times higher. The program tailors annual reports and insights to assist banks in optimizing operations.

Temenos announced that BforBank, a digital bank of Crédit Agricole Group, has chosen its open platform for composable banking to expand operations. Transitioning to Temenos core banking solutions on Google Cloud aims to harness growth opportunities and enhance efficiency. Launched in 2009, BforBank provides a comprehensive suite of retail banking services. Temenos' cloud-native approach will allow BforBank to innovate rapidly and deliver personalized banking experiences. Both companies are committed to leveraging AI and Open APIs for future growth.

Flowe, the eco-friendly Italian challenger bank powered by Temenos, has achieved a significant milestone of 700,000 accounts within just 18 months of its launch. The bank's rapid growth is highlighted by 150,000 new sign-ups in a single week, with daily peaks of 30,000 customers. Flowe is the first certified B-Corp bank in Italy and has become carbon neutral. The bank's impressive onboarding process and digital services aim to provide sustainable banking to over 60 million Italians, demonstrating its commitment to a cleaner planet.

Temenos announced the Temenos Community Forum 2022, scheduled for May 17-19 in London, attracting over 1,500 leaders from banks and fintechs globally. The event will mark the return of in-person meetings after three years, focusing on the theme 'Everyone’s Banking Platform'. Attendees can engage in over 25 live demos and 35 interactive sessions, featuring speakers from notable banks and technology partners. Temenos leads with innovative solutions for cloud-native banking and aims to drive growth opportunities.

ABN AMRO Bank, a longstanding client of Temenos, has extended its multi-year subscription to the Temenos Banking Cloud, enhancing its agile innovation capabilities. This extension grants access to Temenos Continuous Deployment, boosting operational efficiency, allowing for rapid software deployment and testing. The bank anticipates a 30% improvement in early-stage testing efficiency and a tenfold acceleration in test cycles, reinforcing its competitive edge in meeting customer demands.

Temenos has been recognized as a leader in The Forrester Wave™: Digital Wealth Management Platforms for Q1 2022, receiving top scores in strategy and current offering. The report highlights Temenos for its comprehensive product functionality, innovation in AI, ESG capabilities, and a robust partner ecosystem through its Temenos Exchange platform. With a strong global presence and plans for increased market share in North America, Temenos aims to capitalize on growing wealth management opportunities driven by changing demographics and technological advancements.

Temenos announced a collaboration with Mastercard to enhance Request to Pay services in the UK, making it simpler for banks to adopt this payment method. The partnership seeks to provide banks with pre-composed solutions on the Temenos Banking Cloud alongside Mastercard’s services, facilitating quicker, cost-effective implementation.

Request to Pay allows dynamic management of bill payments, enhancing convenience and security for users. With the UK recurring bill payments market estimated to surpass six billion transactions, the initiative aims to capture significant market potential while addressing consumer needs for control and flexibility.

Rakuten Europe Bank has partnered with Temenos to implement its Banking Cloud, enhancing its member experience and accelerating product development. This transition aims to boost growth across Europe by leveraging Temenos' scalable and secure open platform. The partnership will facilitate the rapid deployment of services like Rakuten Pay and improve data analytics capabilities. With Temenos' pre-composed banking services, Rakuten Europe Bank aims to innovate and better serve its over 1.6 billion members.