Temenos
Also a provider — view Temenos’s profile →“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
8 layers disclosed in Temenos’s embedded-finance stack
Payments / PSP
Temenos Payments Hub (self-operated)Worldpay (via Temenos Journey Manager TAF)
Banking / BaaS
in the full report
Card issuing
in the full report
Ledger
in the full report
Open banking
in the full report
Unified APIs
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
10 more providers across 7 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.