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Australia & New Zealand Business Report 2017

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Discovery Reports

Temenos’ systems guide banks and fintech firms through digital journey

Temenos is the largest software-focused company dedicated to banking solutions, whose strength lies in its pioneering, innovative drive

PUBLISHED : Friday, 22 September, 2017, 5:15pm
UPDATED : Wednesday, 27 September, 2017, 5:52pm

Few industries have evolved as much as banking – a business that may be as old as money itself, yet it is as dynamic as global consumers’ progressively complex financial demands.

Growing increasingly competitive in the digital era where users expect one-click, yet secure, transactions along with a more personalised experience, today’s banks can only be as good as their technology platform. For 41 out of the world’s 50 leading financial institutions, this means relying on Temenos and its suite of front-to-back digital banking solutions.

“Technology empowers banks to transform their customers’ experience,” says Martin Frick, Asia-Pacific managing director of Temenos. “With digital banking suites ranging from corporate banking to Islamic banking, fund administration and wealth management, Temenos provides clients with real-time, end-to-end solutions that translate to quick, rich and seamless customer engagement.”

Temenos is the largest software-focused company dedicated to banking solutions, whose strength lies in its pioneering, innovative drive. It reinvests 20 per cent of annual revenues in research and development – twice as much as its closest competitors.

Among its latest innovations is the Temenos MarketPlace, a web-based store of financial technology solutions designed to manage Temenos-integrated applications in one simple and secure site. Since its launch in 2015, the MarketPlace has attracted more than 85 partner companies, 100 solutions and US$5 million in revenues for solution providers.

Headquartered in Geneva, Temenos takes pride in having been present in Asia-Pacific since it began in 1993 – with the region being one of the growth motors of the company. It reinforces its commitment to the Asia-Pacific market this year with the AUD$68 million acquisition of Australia-based software partner Rubik Financial.

“More than just making a big inroad to Australia, Rubik’s acquisition will leverage Temenos’ presence across Asia-Pacific, where the digital journey has only just begun.” Frick says. “The region’s emerging wealth and digital revolution hold much promise to businesses and consumers – and we aim to grow with them all the way.”

www.temenos.com