Temenos’ “multiple capabilities across retail, SME and enterprise banking” hailed in Q4 2024 Digital Banking Processing Platforms Analyst Report
GRAND-LANCY, Switzerland, December 20 2024 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN) today announces its appointment as a Leader in the report The Forrester Wave™: Digital Banking Processing Platforms, Q4 2024. According to Temenos, this appointment demonstrates the flexibility and functional richness of its comprehensive banking solutions, which are further optimized by a strong ecosystem of partners and by Temenos’ continued investment in innovation.
This Forester Wave™ report, which spans both retail and corporate banking, evaluates the top 12 digital banking processing platform providers based on their current offering, strategy and customer feedback. In this assessment, Temenos is one of two vendors to be named a Leader.
The report, authored by Huard Smith, principal analyst at Forrester, highlights: “Temenos is investing significantly in an already superior innovation process that includes advanced, explainable AI. He goes on to state that “Temenos is the best-suited solution for banks looking for a comprehensive modern platform with strong AI capabilities, particularly those that need to be guided towards a cloud-based architecture and microservices and API-driven. »
Barb Morgan, Director of Product and Technology at Temenos, said: “We are honored to be recognized by Forrester as a leader in digital banking processing platforms. We are convinced that this recognition is a reflection of our deep commitment to our customers and the responsibility we assume to promote their success. Our banking solutions, trusted by financial institutions around the world, provide banks with unparalleled flexibility and choice, offering deployment options on-premises, in the cloud or as SaaS. This allows them to quickly modernize, simplify their operations and deliver exceptional, customer-centric experiences that meet the demands of today’s market. »
Temenos’ explainable AI is integrated into multiple areas within Temenos solutions, including credit scoring, anti-money laundering, payment exceptions, customer engagement and cross-selling. Temenos also launched the first responsible generative AI solutions for banking services in May 2024, and more recently announced a collaboration with NVIDIA to provide banks with exceptional speed and accuracy in delivering AI-driven services.
About Temenos
Temenos (SIX: TEMN) is the world’s leading banking platform, serving customers in 150 countries. It helps them develop new banking services and cutting-edge customer experiences. Top-performing banks using Temenos software achieve cost-to-income ratios nearly half the industry average and return on equity twice the industry average. IT spending by these banks on growth and innovation is also twice the industry average.
To find out more, visit www.temenos.com.
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