TEMENOS AG SP/ADR - TMSNY STOCK NEWS

Green Dot Corporation (NYSE: GDOT) has partnered with Temenos to utilize the Temenos Banking Cloud, enhancing its banking platform and digital services for over 33 million customers. This collaboration aims to provide a more feature-rich and secure banking experience. The Temenos platform will enable Green Dot's partners to integrate various financial services seamlessly, supporting scalable growth. Dan Henry, CEO of Green Dot, emphasized the alignment of Temenos' capabilities with their mission to connect customers to their finances effectively.

Mbanq has partnered with Temenos to launch a Credit Union-as-a-Service (CUaaS) solution targeting the $3.6 billion US Credit Union market. This collaboration allows Credit Unions to expedite digital transformation and offers innovative financial services with reduced costs. The CUaaS integrates modern technology, legal compliance, and operational support through Temenos Banking Cloud. With over 5,000 US Credit Unions, this partnership aims to streamline services and promote competitive offerings, leveraging cloud technology to enhance member experiences.

A recent report by the Economist Intelligence Unit, published by Temenos (SIX:TEMN), reveals that 81% of banks aim to enhance customer experience over product differentiation in the next four years. The report indicates a significant shift towards online banking, with 27% of UK adults holding digital-only bank accounts. Key priorities for banking executives include improving customer engagement, responsible lending, and financial inclusion. The study emphasizes the need for banks to adopt a customer-centric approach as they move online, highlighting that 71% expect cash transactions to shrink drastically by 2025.

Temenos announced that its Temenos Infinity platform has been awarded 'best-in-class' in the Aite Matrix Evaluation for US Digital Banking Solutions. The company outperformed six competitors, scoring highest in vendor stability, client strength, and product features. Temenos Infinity is recognized for its openness and integration with various fintech solutions. With over 650 clients globally, the platform drives exceptional customer experiences, increasing digital revenues by 5x and reducing onboarding time by 75%. Temenos invests 20% of its revenue in R&D to maintain its leadership.

Temenos, Vodeno, and Aion Bank announced a strategic partnership to accelerate Banking as a Service (BaaS) deployment in Europe. This collaboration integrates the Temenos Banking Cloud with Vodeno’s payment processing services, simplifying the launch of embedded financial services across various sectors. Organizations can quickly issue digital banking products and enhance customer experiences. The BaaS market in Europe is valued at over USD 3 billion, presenting significant growth opportunities for all involved parties.

Temenos has announced the launch of Temenos Transact, a next-generation core banking solution, now available on IBM Cloud with Red Hat OpenShift. This collaboration aims to accelerate hybrid cloud adoption in the financial services sector, offering a modern cloud-native platform that utilizes AI and machine learning. Financial institutions can benefit from enhanced security features and a strong ecosystem designed for compliance. Temenos serves over 3,000 banks, ensuring significant operational efficiency with top clients achieving cost-income ratios of 26.8%.

Temenos (SIX: TEMN) has been recognized as a leader in the Forrester Wave™ evaluations for Digital Banking Engagement Platforms and Hubs for Q3 2021. The report cites Temenos Infinity's advanced capabilities, including Explainable AI technology and micro apps architecture, which enhance customer experiences. Additionally, Temenos Quantum introduces low-code features for adaptation to market changes. With over 650 banks utilizing its solutions, Temenos showcases a commitment to innovation, achieving notable scores in various evaluation criteria.

A new report by Temenos reveals that 65% of banking executives believe branch-based banking will be "dead" in five years, a significant rise from 35% four years ago. The survey, conducted by the Economist Intelligence Unit, indicates that technology, particularly cloud, AI, and APIs, will be the major driver of changes in the sector. Additionally, 81% of bankers plan to focus on enhancing customer experience and 47% anticipate a shift towards ecosystem models involving partnerships. Temenos emphasizes its leadership in AI and cloud technologies, supporting over 3,000 banks worldwide.