IBS’ Sales League Table ranks Temenos as the best-selling core banking platform

Source: IBS Intelligence 2020-06-22

Temenos announced that it was ranked the market’s leading software provider in digital banking, core banking, payments and risk management product categories according to the IBS Intelligence Sales League Table 2020 (SLT). IBS Intelligence’s SLT has also named the company as a regional leader in both Europe and the Americas.

The IBS Intelligence Sales League Table is a barometer for the sales performance of banking platforms ranging from retail, to private, to Islamic, to digital-only and universal banking. The SLT enables executives in banks to select vendors for RFIs and influences vendor selection across conventional and digital banking.

Temenos has led in nine categories in this year’s Sales League Table including,

#1 Digital banking and channels with Temenos Infinity, gaining 38 new name deals
#1 Best-selling core banking system with Temenos Transact, securing 51 new name customer deals
#1 Retail payments system with 51 new deals for Temenos Payments
#1 Risk management system, closing 53 new deals with Temenos Financial Crime Mitigation
#1 Regional Leader in Europe, working with ABN AMRO and challenger banks such as Lunar and Alba
#1 Regional Leader in Americas, partnering with innovative banks such as CWB Financial Group
#2 Regional Leader in the Middle-East and Africa with key clients such as Egyptian National Post Organization
#2 Regional Leader in APAC with innovative clients such as TSB with Temenos Infinity Digital Onboarding and Virgin Money Australia
#2 Islamic Banking, partnering with the world’s largest Islamic bank, Al Rajhi Bank

Max Chuard, Chief Executive Officer, Temenos, commented, “It’s a great honor to be recognized as the best-selling banking software provider with the most modern technology across the main product categories of digital, core banking, retail payments, and risk management systems. Now more than ever, we see an acceleration in digital and cloud adoption – banks need agile, modern banking technology across the front and back office.”

“We offer our offer our clients, both established banks and new entrants, the winning combination of the richest banking functionality and the most advanced cloud-native, cloud-agnostic technology. We deliver solutions for the ‘New Normal’ that give our clients agility, speed to market, hyper-personalized services at the front end and automation and operational excellence in the back office. The IBS report reconfirms Temenos as global powerhouse and the world’s #1 banking software company, and I would like to thank our customers, partners and employees for helping us achieve this exciting milestone,” he added.

Recently, IBS Intelligence reported that Temenos announced a partnership with Norwegian State Housing Bank, Husbanken in a bid to replace its legacy IT system and deploy Temenos Transact for digitalising and optimising its lending operations. Taiwan’s Next Commercial Bank (Next Bank) also selected the Temenos Transact system for powering its launch in 2020 with the core banking software provided by Temenos.

IBS’ Sales League Table Panel, said, “2019 was a record-breaking year for our Sales League Table, with nearly 900 validated deals globally and the highest level of vendor participation to-date. Temenos’ success was notable due to achieving #1 positions in the most intensely competitive categories including digital banking, core banking, retail payments and risk management systems. At IBS Intelligence, we are seeing banks re-visiting their digital transformation plans to support their businesses through the current COVID-19 crisis. 2020 will be an interesting year for our industry, and we will be continuing to track new deals and trends to support our clients worldwide.”

IBS’ Sales League Table ranks Temenos as the best-selling core banking platform

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