Temenos
“Can a legacy core banking vendor reinvent itself as the cloud-native platform powering banks and BaaS providers to deliver embedded finance?”
Founded1993
HQGeneva, Switzerland
Latest roundPost-IPO Debt
IndustryInfrastructure / Core Banking
The story
Temenos is a publicly-listed (SIX: TEMN) core banking software vendor founded in 1993 and headquartered in Geneva. Historically an on-premises core banking provider (T24/Transact), it has pivoted toward cloud-native, SaaS, and Banking-as-a-Service enablement via Temenos Banking Cloud, positioning itself as the platform of choice for licensed banks and BaaS providers to offer embedded finance to brands and fintechs.
Last 12 months
Product timeline
2020
Codat joins Temenos MarketPlace for accounting integration· partnership
2021
Marqeta joins Temenos MarketPlace for card issuing· partnership
2022
Launched AI-driven Buy-Now-Pay-Later banking service on Temenos Banking Cloud· lending
2023
Advanced BaaS platform capabilities on Temenos Banking Cloud· banking
2024
Launched Cross Border Payments Enterprise Service (SaaS)· payments
The stack
Payments / PSP
Banking / BaaS
Card issuing
Ledger
Open banking
FX & payouts
Accounting
Accounting gap: minor