Temenos recognised as Trusted Cloud Provider by CAS

By Gloria Mathias

Temenos has received a Trusted Cloud Provider trustmark from the Cloud Security Alliance (CSA), a global cloud security organisation.

The Trusted Cloud Provider trustmark is built upon existing CSA programs and assists customers, including financial institutions, in identifying cloud providers that demonstrate their commitment to holistic security and are aligned with their individual security requirements.

Receiving the latest recognition, Temenos has become one of only 30 technology providers globally to date, who collectively achieved the STAR Level 1, STAR Level 2 attestation and the Trusted Cloud Provider mark.

The accreditation reflects the security standards of Temenos’ cloud-based solutions, which are built using international security methodologies and best practices such as OWASP and SANS.

Temenos creates, implements, and maintains security policies and practices that address and adhere to AICPA/SSAE18 SOC2 principles. The company is certified for ISO/IEC 27001, 27017, and 27018 standards. To provide transparency on security measures’ effectiveness, the company makes its attestation reports (SOC 1, 2, 3) and certificates available to its potential and existing customers.

As well as providing a high level of security, the platform’s Banking Cloud delivers other benefits, including business agility, elasticity, and scalability, while enabling banks to focus on customer-centric innovation and take advantage of new opportunities like Banking-as-a-Service, on a secure and trusted evergreen service.

Colin Jarrett, Chief Security & Risk Officer, Temenos, said, “As banks increasingly move their operations into the cloud, security is a top priority. Temenos Banking Cloud is already trusted by over 700 clients across 30 different regulatory jurisdictions. Adding to our existing accreditations, including from ISO and SOC, this recognition from the Cloud Security Alliance further enhances Temenos’ credentials as the most secure, cloud-native platform for banks of all sizes to increase efficiency and enable innovation.”

IBS Intelligence recently recognized Temenos in the IBSi Sales League Table (SLT) 2023 as the #1 best-selling banking software across eight categories, including Core Banking and Digital Banking and Channels.