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Temenos ‘a leader’ in customer-centric global banking platforms

Analyst firm Forrester recognises Temenos’ strength in core banking software 

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it has been ranked as ‘a leader’ by independent analyst firm Forrester in its August 2014 report, ‘The Forrester Wave™: Customer-Centric Global Banking Platforms, Q3 2014’.

The report features the eight most significant vendors in the core banking domain, evaluating the strengths and weaknesses of top customer-centric banking platform vendors and their products.

Mark Winterburn, Group Product Director, Temenos, said: “We are delighted to be evaluated by Forrester and recognised as a leader in the global banking platform space. This positioning is a testament to our sole focus on banking and our industry-leading R&D investment, which, representing around 20% of revenues, is more than twice the industry average. This investment in new technology, functionality and in meeting new regulatory requirements allows us to deliver products that are consistently state of the art.

The evaluation also reflects our service-oriented architecture that is componentised, easy to integrate into complex environments, and, for larger banks, provides low-risk progressive renovation options. In addition, our partnership approach is a further strength, allowing us to give more choice to our customers – over what technology platform they want to run and who they want to work with to implement and support their solution.”

Jost Hoppermann, Forrester, commented: "Temenos has a record of offering comprehensive banking applications and shows strength around the agility of its banking platform. The vendor articulated a product strategy that is well-defined — and definitely better defined than in the previous Forrester Wave evaluation. The vendor’s focus on banking software made it easy to demonstrate its commitment to the banking platform."

The full report is available to download from our Market Insight section online.