IDC has recognized Temenos (SIX: TEMN), the banking software company, as a Leader in the ‘IDC MarketScape: Worldwide Integrated Payment Platforms 2019-2020 Vendor Assessment’. Temenos was cited for providing a “solid solution for banks of any size” and credited for its growing investment in resources dedicated to continuously enhancing the global solution.
“The Temenos Payment platform was engineered from the ground up as a modern, open solution that is consistent across any deployment model”, states the IDC MarketScape, which includes 14 global providers of integrated payment platforms. The study reports that, “[Temenos] is notable for its flexibility in how banks can use Temenos Payments in their digital transformation strategy.” This includes providing the capacity for banks to deploy Temenos Payments as a standalone solution, or connect it to any third party core banking system, including the market leading Temenos Transact.
This IDC Financial Insights study presents a 2019-2020 assessment of vendors that provide integrated payment processing platform technology to the financial services market. The study quantitatively and qualitatively assess multiple characteristics in order to help explain a vendor's success and position in the marketplace.
Aaron Press, Research Director, IDC Worldwide Payments Strategies, stated: “Temenos’ investment in payments has resulted in a compelling offering and a strong complement to their portfolio of banking and financial services software. In addition, Temenos has a growing global presence that makes it an attractive partner to banks around the world who are looking for a robust payments solution.”
Max Chuard, Chief Executive Officer, Temenos, commented: “We are proud to be named a Leader in the IDC MarketScape for Worldwide Integrated Payment Platforms. We believe this recognition consolidates our position in the market as the world’s No.1 banking software company and denotes our ongoing investment and innovation in payments. We relentlessly focus on innovation by investing 20% of our revenues in R&D, which is the highest in the industry, and most importantly, we consistently deliver. We offer our cloud-native, cloud-agnostic Temenos Payments solution both as SaaS and on-premise and we enable banks to support payment types in all geographies, reduce their time to market and operational complexity and deliver outstanding digital customer experiences.”
Temenos Payments is ranked #1 best-selling payments system in the IBS Sales League Table 2019.
As a global technology partner, Temenos’ universal payments solution is based on ISO 20022 standards and configuration-driven to support all payment types in all geographies. With our advanced technology, we enable the banks of any size, in any location, to stay at the forefront of payments product innovations and deliver outstanding digital experiences to their customers.”