Temenos launches end-to-end SaaS banking platform

By Gloria Methri

Temenos has launched end-to-end Temenos Enterprise Services on Temenos Banking Cloud, enabling banks to deploy software solutions in just 24 hours and reduce modernization costs.

With these Enterprise Services, along with over 120 pre-packaged banking products, predefined customer journeys, and over 700 pre-configured APIs, Temenos brings a functional end-to-end system to banks enabling them to rapidly launch new business lines or progressively modernize their legacy systems.

Temenos Enterprise Services offers banks a faster time to market, enable growth and quickly deliver value. With this, banks of all sizes can launch a Minimum Viable Product (MVP) and get a flying start by having a build and test environment within 24 hours. Temenos’ tooling, standardized methodologies and experienced services teams enable banks to achieve an MVP within months of the project launch.

Large banks can also launch a new product or a new line of business and get to market quickly in retail, business or corporate banking and then migrate existing customer bases to the new banking platform at their own pace, using a build-and-migrate approach.

Delivered as SaaS, Temenos Enterprise Services allow banks to benefit from continuous updates, state-of-the-art security controls, resilience and high-performance Service Level Agreements. These cloud-native, elastically scalable services enable banks to move quickly from on-premise installations to a trusted Software-as-a-Service provider taking advantage of a leaner, agile and more efficient banking system.

Temenos Enterprise Services are ready to switch on for ‘self-guided exploration’ and are continuously updated so banks can turn on newer features regularly. Furthermore, the services can support various regulatory requirements enabling banks to meet their business, risk and compliance needs at speed.

Temenos Enterprise Services also gives banks immediate access to the Temenos Exchange ecosystem with more than 115 complementary solutions that can be run alongside. In addition, the extensive API library allows for simplifying complex integration to peripheral downstream or upstream systems as well as other channel software.

Prema Varadhan, President of Product and Chief Operating Officer, Temenos, said, “With our end-to-end SaaS on Temenos Banking Cloud, banks of all sizes can have a ready-to-go system in 24 hours with pre-configured banking products, turn on new features and benefit from faster time to value. The ability to deploy fast, take advantage of a functionally-rich system from day 1 and benefit from continuous updates, help banks to attack the largest cost elements of running core banking software. This is the result of a multi-year investment effort that brings engineering solutions to address the biggest problems that banks face today.”