Global banks are leveraging Temenos as a preferred platform for areas such as core banking, payments, and wealth management. The system integration market for Temenos is experiencing an uptick in demand as banks are moving from legacy to platform-based models at an accelerated pace. Temenos and its partner ecosystem are also building cloud-native Software-as-a-Service (SaaS) architecture, along with other digital banking technologies such as microservices and blockchain.

Upgrading and modernizing the core has become a top priority for many banks, which are also working to create a unified End-to-End (E2E) system integrating their platforms across the core, enterprise workflows, digital experiences, and risk & compliance. This increased demand for specialized Temenos services for core transformation and digital banking has helped providers register strong growth by acting as strategic partners, including helming consulting/advisory roles on investing in modern technologies.

In this Everest Group PEAK Matrix® report, we assess several providers on their Temenos IT services vision and capability and market impact and categorize them as Leaders, Major Contenders, and Aspirants. The research will help buyers select right-fit providers for their needs, while the providers will be able to benchmark themselves against each other.

Scope:

• Industry: banking
• Geography: global
• Our assessment is based on Everest Group’s annual RFI process for the calendar year 2021, interactions with Temenos IT service providers, client reference checks, and an ongoing analysis of Temenos IT services in the Banking and Financial Services (BFS) market

Contents:

In this report, we:

• Classify Temenos IT service providers as Leaders, Major Contenders, and Aspirants on Everest Group’s proprietary PEAK Matrix® framework
• Examine the competitive landscape the Temenos IT service providers
• Study key enterprise sourcing considerations (strengths and limitations) for each of the service providers evaluated

Membership(s)

Banking Information Technology

Sourcing and Vendor Management