Saturday, 2 July 2022

Temenos delivers digital banking solutions on AWS

5 min read

Switzerland – MAY 18, 2022 – Temenos (SIX: TEMN) and Amazon Web Services (AWS), have extended their global relationship to run Temenos onboarding and origination solutions on AWS. The technology collaboration aims to allow all retail and commercial banks – incumbents and challengers – to provide digital onboarding and origination solutions with higher performance, scalability, and security. It will give banks greater agility while reducing time to market and improving cost efficiency. The two companies will go to market with solutions for retail, business, corporate and private banking, and wealth.

This multi-year agreement aims to offer the full suite of Temenos banking solutions on AWS as-a-service.

Temenos and AWS started working together in 2019 to integrate Temenos open platform onto AWS and have demonstrated success with joint banking customers since then. With Temenos digital banking solutions, Temenos and AWS are making it easier for banks to access the technology they need to meet rising customer expectations and deliver simple, innovative products.

Furthermore, the Temenos digital solutions, integrate with Salesforce CRM and Amazon Connect, an easy-to-use, omnichannel cloud contact center service that scales to support businesses of any size, to help banks provide superior customer service. Amazon Connect capabilities include skills-based contact routing, voice and chat recording, built-in artificial intelligence (AI) and machine learning (ML) to personalize interactions, pay-as-you-go pricing, and so much more.

Temenos is seeing tremendous growth in SaaS services and take-up of its digital banking platform, as banks turn to packaged banking services for fast time to market. More than 1,000 financial services institutions around the world leverage Temenos’ leading cloud-native digital platform, which offers pre-composable, banking services – built on microservices and accessible via APIs – that can be configured, customized, and extended by partners or by the banks.

Temenos makes full use of AWS Availability Zones (AZ) to provide high-availability within a single region, avoiding data sovereignty issues, without expensive redundant infrastructure. Temenos digital banking platform on AWS can scale to meet growing customer demands as evidenced in Temenos’ benchmark on AWS. Temenos on AWS enables banks to lower their total cost of ownership by reducing infrastructure management, and enabling automated deployment using Infrastructure as Code (IaC) tools.

Temenos solutions on AWS also help banks see an immediate and significant reduction in their carbon footprint and support them in achieving their ESG goals compared to on-premise deployments.

Re-disseminated by The Asian Banker

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