Temenos strengthens its ties with AWS to offer its core banking solutions as a Software-as-a-Service (SaaS) to both traditional and digital banks worldwide.
The collaboration between both companies further increases the regional coverage and availability of the Temenos Banking Cloud across the globe with trusted and scalable banking services. Temenos makes full use of AWS to provide high availability across various regions and accommodate data sovereignty requirements, without expensive (on-site) redundant infrastructure.
Running Temenos Banking Cloud composable banking services on AWS enables retail, commercial and private banks – incumbents and challengers – to gain greater agility, higher performance, scalability, and security.
“We see a tremendous growth in SaaS across all regions,” said Prema Varadhan, president product and chief operating officer at Temenos.
“We take a new bank live on our SaaS platform on average every 10 days. With this collaboration, we offer more choice to our customers and cement our commitment to our multi-cloud strategy, bolstering Temenos Banking Cloud’s existing SaaS capabilities.”
Prema Varadhan, Temenos
To date, Temenos over 700 clients live on Temenos Banking Cloud across five continents, covering over 30 regulatory jurisdictions.
Hong Kong-based virtual bank WeLab Bank welcomed the extended partnership between Temenos and AWS.
“With Temenos core banking on AWS, we benefit from lower infrastructure and operating costs, while AWS delivers auto-elastic capabilities, making it very easy for WeLab Bank to scale for future business growth."
Chung Wing Mok, chief technology officer at WeLab Bank.
WeLab Bank delivers 100% digital banking experience with its powerful mobile app and multiple intelligent banking services. It provides an innovative banking experience through partnering with reputable brands including Allianz Global Investors, Tesla and Apple Authorized Resellers.
Temenos and AWS started working together in 2019 to integrate Temenos open platform onto AWS. In 2022, Temenos made available its onboarding and origination digital banking solutions on AWS to help banks deliver innovative products faster.
AWS and Temenos’ relationship also paved the way for ongoing innovation with partners such as Yugabyte and MongoDB, as presented in the 2022 Temenos high-water performance benchmark helping banks scale efficiently.
Temenos Banking Cloud’s integration on AWS also helps banks reduce their carbon footprint and support them in achieving their environmental, social, and governance (ESG) goals (compared to on-premise deployments).
“Banks are moving to SaaS and cloud to modernise their infrastructure to become more agile and drive business growth."
Yves Dupuy, leader financial services industry solutions,, AWS
“Leveraging the reliability, flexibility, and scalability of AWS, Temenos can deliver high performance and enhanced value through its composable, cloud banking services, supporting leading financial services institutions in their transformation journey to provide enhanced customer experience and become more sustainable businesses,” Dupuy added.
