Max Chuard, Temenos

Temenos today said that it has entered into a technical partnership agreement with enterprise-class distributed SQL database provider, NuoDB. This agreement is in addition to a minority stake taken by Temenos in the business.

This partnership is in line with Temenos’ open strategy to work with all cloud & container-native database technologies that are scalable in the cloud and compatible to run the Temenos banking software products. Both the companies have invested in cloud technologies and this partnership will enable banks to migrate their core applications to the cloud while maintaining the end-user experience and having significant operational cost savings.

Temenos indicated the technology will be leveraged for both the Temenos SaaS solutions as well as the Temenos cloud platform, offering better processing performance, scalability and active/active availability across data centres, geographies and cloud platforms

Max Chuard, Chief Operating & Financial Officer of Temenos, commented: “We are continuously investing in the development of our leading digital banking platform and ensuring that our software is built for the cloud. Our partnership with NuoDB is strategic and strengthens our commitment to ensuring that our banking clients running Temenos software benefit from scale-out simplicity, elasticity and continuous availability and that they can ultimately maximize the benefits of their shift to the cloud.”

Bob Walmsley, Chief Executive Officer of NuoDB, commented: “NuoDB has spent the better part of a decade overcoming the inherent challenges that exist when building an enterprise-class, distributed SQL database that runs in the cloud while adhering to the standards that are required in a relational SQL database. This investment by Temenos and the technology partnership agreement we have in place will help deliver this technology to banks of all sizes across the globe.”

There has been significant movement by suppliers to beef up their cloud offering even as banks have been hindered in their transition to cloud.

by Niket Jithra