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Vendor profile: Temenos Head office: Geneva, Switzerland


Ownership: Private Founded: 1997 Number of known sites: 700+ Number staff: 4,600+ Example clients: • ABN Amro • Aktia Bank • American Express • Bank Leumi • Credit Suisse • Danske Bank • JP Morgan Chase • Julius Baer • Nordea Bank • Sagicor Bank • Qatar Islamic Bank


Company overview


Founded in the mid-1990s, Temenos is a provider of banking of financial systems to a wide variety of banks and institutions globally. The firm claims that its products are used in 38 of the top 50 banks in the world.


Temenos’ flagship core banking system, T24 (formerly Globus), is widely used. T24 has been the either the top or second-best selling core baking solution for 12 years on the IBS Sales League Table.


Temenos has deep resources, with a well-earned reputation for strong sales; one area it has sought to address over the last few years has been a less than perfect delivery track record. The T24 package is used by a broad range of institutions, including corporate and retail banks, Islamic banks, private banks and microfinance entities.


T24 is offered as a Model Bank version (out-of-the-box) or as a more tailored version.


A number of auxiliary applications are offered alongside the T24 core, such as digital banking software, business intelligence (BI) and AML/fraud management solutions.


As well as organic growth, the company has been acquisitive, including picking up three established user bases when it bought Actis.BSP (Germany), Financial Objects (UK) and Viveo (France) in 2007-2009. It then added a portfolio management system supplier, Odyssey, in 2010. Channels solution provider, Edge IPK, was added in 2012 and its product is now known as Temenos Connect. Temenos also owns two software and solutions companies in the US, as well as Multifonds, a global provider of fund administration software, based in Luxembourg.


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Core Banking Systems Case Studies: North America www.ibsintelligence.com


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