ECONOMY

According to a recent Economist Impact study of 300 global banking executives, more than half (51%) of survey respondents agree that banks will no longer own any data centers because they will have moved to public cloud in the next five years.

Temenos has delivered market-leading and functionally rich SaaS and cloud banking solutions to clients in all geographies and banking sectors since 2011. Our continued technology investment in this area led to the launch of the Temenos SaaS in 2021.

Continued SaaS acceleration is one of the key components of our strategy to be Everyone’s Banking Platform. Our SaaS revenue increased by 25% in 2023 vs 2022.

Temenos is committed to achieving business excellence and long-term value through superior financial performance while operating responsibly and with integrity, honoring ethical values and respecting its stakeholders, communities and the environment. We are committed to measuring, monitoring and reporting our environmental footprint and guide our journey towards net-zero, across the whole value chain, including our own operations, our products and services and our supply chain.

Using Temenos SaaS our clients benefit from significant carbon efficiencies, not only from sustainable Temenos technology and operations (sustainability in the cloud), but also from running our software on sustainable platforms powered by hyperscalers, such as Microsoft (sustainability of the cloud).

While scope 3 can make up from 75% to 100% of a company’s total GHG emissions, less than 10% of companies can accurately measure it according to BCG. To comply with the growing climate-related regulations worldwide, banks need to spend valuable resources to calculate their scope 3 emissions. Temenos Carbon Emissions Calculator on Temenos SaaS is an industry-first tool which enables banks to effortlessly get their actual carbon footprint from the use of our software. Our SaaS customers can request through the cloud portal for a detailed annual carbon footprint report at no extra cost. The carbon footprint report helps banks to measure, manage and reduce their carbon footprint, so that they can reach their ESG targets as well as their net-zero plans.

In specific, Temenos Carbon Emissions Calculator enables banks using Temenos SaaS, powered by Microsoft Azure to easily monitor their:

•  direct carbon footprint from the use of Temenos SaaS

•  indirect carbon footprint from Temenos SaaS operations

•  carbon performance

•  carbon intensity (emissions per usage hour).

Except for Temenos Carbon Emissions Calculator, the key innovation elements of Temenos SaaS include, but are not limited to the below:

•  Any deployment

The Temenos SaaS utilizes cloud-native technology to create, extend and scale financial services provided as SaaS, on the cloud, and even on-premises. The Temenos SaaS is available on major cloud platforms such as AWS, Microsoft Azure, Google Cloud, Alibaba Cloud, and Red Hat OpenShift.

• Single code and configuration base

Size agnostic, segment agnostic, deployment agnostic, database agnostic, location agnostic, type agnostic: Temenos caters for the banking industry in any way or form, from a single code and configuration base – driving higher margins, competitive edge and profitable growth.

•  Composable banking

Leverage the plug-and-play nature of Composable Banking: Compose from pre-integrated services. Tap into innovative Explainable AI capabilities, Financial Crime Management, Data analytics and leverage our Temenos Exchange partners to create winning financial services.

•  Temenos SaaS customers benefit from further sustainability services provided by third party applications from our Temenos Exchange partners.