Temenos announced the launch of Temenos LEAP, a new holistic modernization program, which enables Temenos clients to move to the latest Temenos platform, accelerating their journey to the cloud and Software-as-a-Service. Combining Temenos? banking platform with proven transformation tooling and processes, as well as Temenos?

experienced services teams and a select group of specialized partners, LEAP offers banks a fast, low-risk route to a modern cloud-native architecture to future-proof their business. Temenos is revolutionizing platform modernization leveraging 30 years of implementation experience and best practice combined with the power of AI to accelerate traditionally manual and complex areas of migration and testing. LEAP gives Temenos core banking clients using older solutions the opportunity to modernize by moving seamlessly and quickly to a new, advanced, API-driven, cloud-native architecture.

Opening the door to using the latest technology platform from Temenos with cutting-edge banking capabilities, LEAP allows clients to launch quickly and iteratively more products to their customers and improve customer engagement. Temenos? modern platform makes it easier to expand into new sectors and markets, stay ahead of competitors and ultimately take advantage of the benefits of Temenos Banking Cloud and SaaS.

The Temenos Value Benchmark shows that Temenos core banking clients using its modern banking platform benefit from 24% higher growth and innovation share of their IT spend. The new banking capabilities support the creation of new products, with focus on product design, launch, servicing, and retirement, in addition to Temenos Payments Hub which gives the opportunity to add new payment rails and to adopt a 24 x 7 x 365 STP approach. Temenos?

cloud-native platform offers enhanced connectivity and extensibility, elastic scalability, inbuilt security at all layers, embedded testing and Development Security and Operations capabilities. In addition, it gives banks access to the large Temenos Exchange ecosystem of partners, and an easier and customizable user experience. Compared to traditional upgrade projects, Temenos LEAP enables banks to modernize in just months, using the power of AI, and ready-to-use service packages, supported by extensive training enabled by the Temenos Learning Community (TLC).

With LEAP, clients will be able to enjoy the commercial benefits of faster time to value, increased product agility, and reduced operational costs by removing old solutions and having a more efficient platform which operates with less resources. Banks will be able to easily keep their technology up-to-date in the future, gaining immediate benefit from Temenos? ongoing investment in the platform.

Furthermore, the single Temenos platform allows for faster and lower cost updating and maintenance, which means a lower total cost of ownership and higher agility. Once on the new architecture, banks are ready to move to the cloud or to Software-as-a-Service deployment models, when required. In this way, banks can benefit from business agility and quicker time to value, whether they choose to run on a public cloud or private cloud or opt for a hybrid approach.

Temenos LEAP offering has already been successfully proven in modernization projects for clients such as Qatar?s Lesha Bank, a long standing Temenos customer that moved to the latest banking platform to streamline its processes and offer innovative products. Furthermore, a leading tier one bank recently reconfirmed its commitment to Temenos with an agreement to move to the latest Temenos Banking Platform to modernize its corporate banking business in the private cloud.