Temenos is collaborating with Microsoft to develop financial services offerings in the cloud to drive scalability, operational efficiency, and innovation. The Temenos Banking Cloud is hosted on Microsoft Azure.
Temenos is seeing tremendous growth in SaaS and its open banking platform, as banks increasingly turn to composable banking solutions - built on microservices and accessible via APIs - to modernize and address the challenges of their current IT landscapes.
Furthermore, Temenos will collaborate with Microsoft on Green Cloud initiatives to help banks see an immediate and significant reduction in their carbon footprint and support them in achieving their ESG goals. Research commissioned by Microsoft estimates businesses using their infrastructure are up to 93% more energy-efficient and can result in up to 98% lower carbon emissions than operating their own datacenter. These savings are attributable to four key features of the Microsoft Cloud: IT operational efficiency, IT equipment efficiency, datacenter infrastructure efficiency, and renewable electricity.
Temenos Banking Cloud encompasses our 10+ experience providing SaaS services and is provide in a way to enable banks to rapidly and efficiently create a banking services for proven, cloud native building blocks, and to extend into other functionality where it makes sense to differentiate.