Temenos Extends Relationship with AWS to Power Digital Banking Cloud Services

Temenos and Amazon Web Services (AWS), have extended their global relationship to run Temenos onboarding and origination solutions on AWS.

The technology collaboration aims to allow all retail and commercial banks to provide digital onboarding and origination solutions with higher performance, scalability, and security. It will give banks greater agility while reducing time to market and improving cost efficiency. The two companies will go to market with solutions for retail, business, corporate and private banking, and wealth.

This multi-year agreement aims to offer the full suite of Temenos banking solutions on AWS as-a-service.

Temenos and AWS started working together in 2019 to integrate Temenos open platform onto AWS and have demonstrated success with joint banking customers since then. With Temenos digital banking solutions, Temenos and AWS are making it easier for banks to access the technology they need to meet rising customer expectations and deliver simple, innovative products.

Furthermore, the Temenos digital solutions, integrate with Salesforce CRM and Amazon Connect, an easy-to-use, omnichannel cloud contact center service that scales to support businesses of any size, to help banks provide superior customer service.

John Kain, Head of Financial Services Market Development, Amazon Web Services, said:"Temenos delivers cloud-native digital banking solutions to thousands of the world's leading financial services organizations, and we are excited to expand our relationship with them. Combining the reliability, high performance, and security of AWS with Temenos digital banking solutions, we can offer banks the business agility they need to transition to the cloud with confidence and innovate faster than ever before."

Max Chuard, Chief Executive Officer, Temenos, said:"We are seeing an acceleration in our subscription-based business, and with this multi-year agreement we are offering our clients more choice in embracing the cloud for digital banking services and new business models such as banking-as-service with more certainty, predictability and at a lower cost. We are pleased to be strengthening our relationship with AWS and we will be extending it to offer all Temenos solutions, to help banks accelerate time to value and customer innovation."