/PRNewswire/ – GENEVA, June 14, 2021 — Temenos (SIX: TEMN), a financial software firm, has been named the market’s leading software provider, winning nine awards in total, up from six previous year and more than any other company. Temenos is the market leader in digital banking, core banking, retail payments, and risk management, according to the IBS Intelligence Sales League Table 2021. Temenos also took first prize in the new Neo Banks and Challenger Banks category, as well as the Islamic Banking category.
Temenos was also designated a regional leader in the Americas, Asia Pacific, the Middle East and Africa, and Europe. Temenos’ Banking Cloud, Explainable AI technology, and Temenos’ decentralised architecture
For the 16th year in a row, Temenos has been named the best-selling core banking system and the best-selling vendor for digital banking. Temenos has been helping financial institutions improve banking for over 27 years with technology that sets the standard for the rest of the industry.
Temenos led in nine categories in this year’s Sales League Table, more than any other technology provider:
- #1 Digital Banking and Channels with Temenos Infinity, signing 106 New Name Deals
- #1 best-selling Core Banking System with Temenos Transact, securing 48 New Named Deals
- #1 best-selling vendor for Neo Banks and Challenger Banks with nearly 2X the deals of the next vendor
- #1 best-selling Payments System – Retail, bringing on 47 New Name Deals
- #1 Risk Management System with 84 New Name Deals – 5X the next placed vendor
- Joint #1 best-selling Islamic Banking – Universal Banking (Core) with 5 New Name Deals
- #1 Regional Leader in the Americas, including signings with BCI, Itaú, and BlueShore Financial
- #1 Regional Leader in MEA, with new clients including Ahli Bank, STCPay, and Al Ain Finance
- #1 Regional Leader in APAC, signing Next Commercial Bank and Virgin Money Australia
- #2 Regional Leader in Europe, signing new clients such as Alpian, FlowBank, and ClearBank
“It’s a great honour to be recognised as the best-selling banking software provider in more categories than anybody else, particularly in the most highly contested areas,” said Max Chuard, Temenos’ Chief Executive Officer. We’re proud that we’re improving banking for 1.2 billion people every day, with clients like PayPal, which launched its Buy Now Pay Later offering to give consumers payment flexibility, Varo, which serves 180 million underbanked Americans, and Komern Banka, a Societe Generale subsidiary, which chose Temenos to strengthen its digital banking leadership.We have occupied the top #1 or #2 positions for core banking systems for 22 consecutive years, and we are also leading the way in the digital banking and payments categories, because to our constant investment in innovation and proven ability to deliver. Temenos’ position as a worldwide powerhouse has been confirmed by this year’s Sales League Table, and I’d want to thank our network of customers, partners, and staff for working with us to modernise the industry.”
IBS Intelligence’s Managing Editor, Robin Amlôt, said: “FinTechs and Challenger Banks, who are deploying disruptive technology, are posing a serious threat to the banking industry. Many banks were already making the transfer from antiquated systems to innovative alternatives, and COVID-19 pushed the digitization process even more. Temenos retained its #1 position in highly competitive categories and strengthened its leadership across verticals, ranking #1 in more categories than any other vendor, according to the IBSI Sales League Table, which is the premier global gauge of supplier performance.”
About IBS Intelligence
For nearly 30 years, IBS Intelligence has been evaluating traditional and new-age banking system options on a year-by-year basis. The IBS Intelligence Sales League Table is the global benchmark for sales performance across all banking platforms, including retail, private, Islamic, digital, and universal banking. The Sales League Table is an important tool for bank executives when selecting vendors for RFIs, and it has an impact on vendor selection in both traditional and digital banking.
Temenos AG (SIX: TEMN) is the leading provider of banking software in the world. Temenos processes the daily transactions and client interactions of more than 1.2 billion banking customers for over 3,000 institutions around the world, including 41 of the top 50 banks. Temenos provides cloud-native, cloud-agnostic, and AI-driven front office, core banking, payments, and fund administration software that enables banks to provide frictionless, omnichannel customer experiences while also improving operational efficiency.
Temenos software has been shown to help top-performing clients achieve cost-income ratios of 26.8%, which is half the industry average, and returns on equity of 29.8%, which is three times the industry average. These clients also spend 51 percent of their IT budget on growth and innovation rather than maintenance, which is twice the industry average, demonstrating that their IT investment is bringing value to their business.