Temenos recognized for completeness of vision and ability to execute.

'The demand for core banking packages is expected to grow in 2020 as banks deliver on digitalization strategies while facing the consequences from the COVID-19 pandemic'

States the Gartner report

Temenos Transact core banking software offers the winning combination of advanced cloud-native, AI and API-first technology and the richest banking functionality to help banks transform faster.

Today, Temenos Transact is delivered as Temenos SaaS and can also be deployed natively on all main commercial cloud platforms or a private cloud, allowing banks to take the full benefit of lower operating costs and elastic scalability of these services, as well as benefiting from in-built operational resilience. Temenos' technology microservices architecture helps banks replace their legacy systems at their own pace and deliver additional services and capabilities on top of multiple systems. Temenos Transact is also now pre-integrated with Temenos Infinity, the breakthrough digital front office product, to deliver an end-to-end digital transformation.

AI has emerged as a top priority for banks and with the July 2019 acquisition of Logical Glue, Temenos is the first to bring transparency and explainability of AI automated decision making to the banking industry.

Download The Report

Disclaimer

2020 Gartner Magic Quadrant for Global Retail Core Banking, Vitttorio D'Orazio, Don Free, 5 August 2020

This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from Temenos.

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

(C) 2021 Electronic News Publishing, source ENP Newswire