Temenos today announced that it has been recognized as a leader in The Forrester Wave™: Digital Banking Processing Platforms for Corporate Banking, Q3 2022. Temenos believes that its position as a leader reflects the advances in Temenos open platform for composable banking and the broad set of banking services that cover all areas of corporate banking. According to the Forrester report, “Temenos sets the pace in AI-powered banking capabilities and application architecture”. Temenos was also named a Leader in The Forrester Wave™: Digital Banking Processing Platforms for Retail Banking, Q3 2022 evaluation.

“The vendor’s [Temenos’] strategy shows no weak spots. […] The [Temenos] product roadmap includes the continuation of an overarching corporate banking rejuvenation program, AI-powered operations, and fine-grain banking services out of the cloud that is aligned with the concept of a lean core.” The report also states, “Its reference customers reported that the system is very modular, could satisfy almost any needs or requirements, and allows a bank to differentiate.”

                                     Jost Hoppermann, Vice President and Principal Analyst, Forrester.

In accordance with their present product, strategy, and market presence, the top 7 corporate banking platform suppliers are assessed using 33 criteria by this Forrester WaveTM. Temenos believes that its success in providing corporate banking services to clients of all tiers, including Commerce Bank, Bank of Queensland, and Shanghai Commercial & Savings Bank, is evidenced by the fact that it received the highest score in the strategy category and the second highest score in the category for current offerings (SCSB).

“We are proud to be recognized as a leader in the Forrester Wave report for corporate banking. Banks have a renewed focus on corporate growth and are seeking more agile, progressive renovation, targeting quicker gains at lower risk and cost – enabled by SaaS, microservices, and packaged banking capabilities. We believe this recognition as a leader by Forrester shows the maturity of our open platform for composable banking and market adoption. Helping clients of all sizes to reduce total cost of ownership, deliver higher service levels with reduced turnaround times and capture new revenue opportunities.”

                                                                    Max Chuard, Chief Executive Officer, Temenos.

“Examples of the [Temenos] DBPP’s broad and rich capabilities include functionally rich AI-powered banking capabilities with a strong focus on explainable AI and a state-of-the-art application architecture that has been designed from the ground up to offer choice to banks.”

                                                    According to the Forrester report on corporate banking.

According to Forrester’s Global Banking Platform Deals Survey 2022, Temenos was also recently recognized as a “Global Power Seller” and a “Top Global Player” in the study titled “Identify The Winners In A Consolidating Banking Platform Market To Make Informed Transformation Decisions.”

Clients can create solutions using the open platform from Temenos based on granular banking capabilities for all corporate banking activities, such as corporate loans, trade finance, payments, cash and liquidity management, and embedded analytics and compliance. It provides pre-written, front-to-back solutions, and customers and partners can design their own unique financial services utilizing a customized sandbox. On Temenos Exchange, an ecosystem of pre-integrated fintech solutions, all of these can be combined with third-party solutions. The platform can run on-premises, on any private or public cloud, or as SaaS, through the Temenos Banking Cloud because it is cloud-native and cloud-agnostic.