About Temenos

Temenos AG, a holding company, engages in the development and marketing of integrated banking software systems. The company also engages in the support and the implementation of the systems at various client locations around the world, as well as in offering help desk support services to existing users of TEMENOS software systems. Its client base comprises banking and other financial services institutions. TEMENOS provides financial institutions with integrated banking systems. The company’s solutions, TEMENOS T24 and TEMENOS Core-Banking, are utilized in a variety of segments, including retail, wholesale, universal, international corporate banking, wealth management and private banking, as well as microlending. The company offers its products and services in three main geographic regions: Europe, Middle East, Africa, Russia & Baltic States (EMEA), Asia Pacific (APAC) and Americas (composed of North America [NA] and South America [SA]). The group also operates Product Support and Development centers in India and Spain. Segments The company operates its business in three distinct segments: software licensing; Maintenance and services. Software licensing segment engages in the licensing, development, and maintenance of its software. Software licensing: Software licensing operations include granting customers licenses to use its banking applications software, either through an initial license or through the purchase of additional modules or user rights, but exclude any amounts that are related to maintenance. Software development services to the clients include developing requested additional functionality. Optional software maintenance is included in most software license arrangements. Maintenance provides customers with rights to unspecified software product upgrades, maintenance improvements and access to the help desk during the term of the support period and is recognized ratably on a straight-line basis over the term of the arrangement. Maintenance: Maintenance provides customers with rights to unspecified software product upgrades, maintenance enhancements and access to the help desk during the term of the support period and is recognised ratably on a straight-line basis over the term of the arrangement. Services: Software implementation and support services include consulting and implementation services. Products TEMENOS T24: TEMENOS T24 is technically improved banking system. It pairs flexible business functionality with the most improved and scalable architecture. This gives it unprecedented power and opportunity to meet the challenges. TEMENOS T24 is built on open architecture, offers low cost of ownership and uses established standards, such as HTTP, XML, and J2EE. The design of TEMENOS T24 offers multiple application server support offering horizontal scalability and supporting huge numbers of users with true non-stop resilience. TEMENOS T24 supports the business areas, such as: core functions, such as customer relationship manager, market risk, credit risk, accounting & general ledger, multi-company, multi-currency and multi-language, management information and profitability, document and image management, payments, nostro reconciliations, confirmation matching, and workflow; retail banking, such as current and DDA accounts, savings and deposit accounts, including fixed deposits, overdrafts accounts, cheques, cards, consumer lending and hp, mortgages, revolving credit, and mutual funds; private banking, such as securities, portfolio management, portfolio modeling and re-balancing, portfolio reporting, including performance, fiduciaries, and intermediary (agent) compensation and commissions; treasury, such as money market, foreign exchange, swaps, FRA, securities, Repos, futures & options; corporate/wholesale, such as commercial lending, syndicated lending, trade finance & letters of credit, documentary collections, bills, guarantees & standbys, and leasing; and multi-channel, such as internet, call centre, and other electronic channels. TEMENOS Core-Banking: TEMENOS Core-Banking provides a modern, scalable retail banking application capable of handling the business volumes of the major banks worldwide. It is based upon mainstream technologies, such as MVS, DB2, IMS or CICS, OS390 and utilizing IBM’s Information Framework. TEMENOS Core-Banking was developed by IBM and RSI in Spain, to meet the demands of 81 separate banks processed in a single data center. This data center supports 3,600 branches and approximately 5 million customers Existing users of TEMENOS Core-Banking have translated the effectiveness of the application into tangible business results. TEMENOS eMerge: TEMENOS eMerge is designed to give financial institutions the flexibility and capacity to deliver on and exceed the needs of the complex and changing community banking environment. TEMENOS eMerge offers exceptional ease of use and navigation, making it one of the most workable and convenient solutions. TEMENOS eMerge is easy to set up and configure for a specific customer. With minimum training, the user can create and deploy products and services without the need for outside technical assistance. TEMENOS eMerge offers a real-time financial support environment for retail financial services, supporting the operational and processing requirements of the Community Banking business. TEMENOS eMerge is delivered with a set of sample standard parameters to build and manage Community Banking products. Clients TEMENOS markets its products to approximately 300 client worldwide, in 600 client sites, operating in 100 countries. The TEMENOS client comprises of banking covering all financial institutions from Tier 1 global banks to small regional banks, in all geographies. Partners The company’s partners include Prime, IDOM, PsCubed, ITSS, HP, IBM, Front Office Technologies Group, Bishop Cavanagh, Informer Financial, Sofgen, ST Soft, LogicaCMG, Sun Micro System, Oracle, DBS Global Solutions, ALVICOM Testcenter, Thesys Technologies, SQS, TLC Risk Solutions, and VALIDATA. Significant Events The company has formed a strategic alliance with Satyam Computer Services, Ltd. to provide systems integration (SI) and implementation services for Temenos T24 (T24) and Temenos CoreBanking (TCB) globally, with an initial focus in the Asia Pacific region. Metavante Corporation has entered into a strategic agreement with Temenos Group AG, to launch a banking platform based on TEMENOS COREBANKING (TCB) for U.S. financial institutions. Metavante would provide TCB-based platform to the United States market. In November 2009, Temenos Group AG and International Business Machines Corp. announced an extension of their strategic alliance with the launch of the Java version of Temenos CoreBanking (TCB) and T24 for IBM's System z server. On December 10, 2009, Temenos Group AG and Microsoft Corporation announced an alliance for delivering core banking solutions with TEMENOS T24 and Microsoft SQL Server to increase operational efficiencies of large-scale banks worldwide. History The company was formerly known as Temenos Group AG and changed its name to Temenos AG in 2018. The company was founded in 1993. It was incorporated in 2001.