• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2025-2026
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
  • About
    • GDPR
  • Contact

Temenos Helps New U.S. Digital Banks Go Live in 90 Days With the Most Functionally Rich and Technologically Advanced, Front-to-back SaaS Digital Banking Offering

January 21, 2020 By admin Leave a Comment

Temenos (SIX: TEMN), the banking software company, today launches a front-to-back banking software as a service designed uniquely for the US market – with pre-integrated U.S. banking products and services designed to deliver an outstanding customer experience. Leveraging the power of its Temenos Infinity and Temenos Transact banking products built on its modern cloud-native, cloud-agnostic and API-first technology, Temenos has developed the next-generation SaaS product, enabling new digital banks to launch in the US within 90 days, and grow their business rapidly.

According to a recent Economist Intelligence Unit study, challenger banks – whether domestic startups or overseas brands that are now expanding their footprint – are making their presence felt in North America. The study also found that the number of banks choosing to develop new greenfield initiatives in the region has increased from 13% in 2018 to 29% in 2019, coming closer to the worldwide average of 36%. Temenos U.S. SaaS product is ideal for neo and digital banks in the US seeking to dramatically reduce their time to market, operational complexity and cost.

The Temenos U.S. SaaS offering provides new digital banks with a superior omnichannel front-to-back solution that delivers fully configured banking products and services, including support for conversational interfaces, artificial intelligence, augmented reality, and wearable technologies. This gives an exceptional customer experience that allows digital banks to open new accounts seamlessly through all digital channels. Temenos US SaaS product allows new digital banks to come to market quickly, acquire customers fast, reduce customer onboarding time, and grow share of wallet and revenues fast. Onboarding new customers is seamless and frictionless – and can be completed in a matter of minutes.

The solution is highly parameterized, allowing banks to rapidly configure and launch innovative products and services. In a market where a differentiated user experience is critical to success, banks can choose to customize Temenos’ customer-facing applications based on its class-leading multi-experience platform or build their own by connecting to Temenos’ extensive catalogue of functionally rich open APIs.

Additionally, Temenos’ U.S. SaaS platform provides access to pre-integrated and packaged fintechs on Temenos MarketPlace, ranging from ID verification and e-signature, to live chat and Personal Financial Management (PFM) services, allowing new digital banks to create innovative offerings at speed.

The Temenos product has built-in U.S. regulatory compliance and is fully integrated with the U.S. banking landscape via its catalogue of third-party interfaces and connectors. Temenos SaaS cloud deployment provides cost and scalability benefits with high security and availability measures. Accessing the solution through a pay-as-you-go subscription model, banks will pay only for what they use with the price scaling as business grows. The solution is continuously deployed 24 X 7 X365 days, per year, underpinned by a microservices architecture delivering highly efficient elastic scaling capability, automatically provisioning resources to perfectly match demand upwards or downwards. All providing a seamless service experience that delivers constant innovation, releasing banks from the relentless and costly cycle of software upgrades. Temenos cloud-agnostic technology and deep commitment to continual R&D ensures that, for years to come, Temenos will remain at the forefront of banking’s digital transformation, taking advantage of the best cloud innovation available while delivering the lowest cost option.

Max Chuard, Chief Executive Officer, Temenos, said: “With our new U.S. front-to-back SaaS product for digital banks, we will revolutionize the software banking landscape in the U.S., which is a highly strategic market for us. We are pioneers in cloud software and have global banking expertise in delivering high-profile and hugely successful SaaS-based retail digital banks and neobanks in regulated environments, from Varo Money and Grasshopper in the U.S., to Volt Bank and Judo Bank in Australia, and Leumi’s Pepper in Israel. These are exciting times as we continue to offer banks the most advanced SaaS digital banking product based on modern, cloud-native technology, giving them the freedom to dramatically reduce their time to market, cost, operational complexity and deliver outstanding digital customer experiences.”

Temenos has over 1,300 customers in North America and over 700 employees. The company boasts a list of clients ranging from top-tier global financial institutions such as Commerce Bank to challenger banks such as Grasshopper Bank, Varo Money, and credit unions such as Partners Federal Credit Union. .

Jeffery Kendall, Executive Vice President, North America Sales and Distribution, Temenos, said: “Banks and credit unions in the U.S. have shifted their investment focus to strategies that allow them to quickly grow consumer and small business deposits at a lower cost of acquisition. This trend has created the need for a turn-key digital banking service focused on speed to market with scalable cost as launching a digital bank has historically been an expensive and difficult endeavor. Temenos is powering the critical growth of our customers by providing a front-to-back, SaaS based, digital banking solution that will allow neobanks to compete in this dynamic market.“

Source: Temenos
Temenos AG (SIX: TEMN), headquartered in Geneva, is the world’s leader in banking software, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 500 million banking customers. Temenos offers cloud-native, cloud-agnostic front office and core banking, payments, fund management and wealth management software products enabling banks to deliver consistent, frictionless customer journeys and gain operational excellence. Temenos software is proven to enable its top-performing clients to achieve industry-leading cost-income ratios of 25.2% and returns on equity of 25.0%, 2X better than the industry average. These clients also invest over 53% of their IT budget on growth and innovation versus maintenance, which is 2.5X the industry average, proving the banks’ IT investment is adding tangible value to their business. For more information, please visit www.temenos.com.

Filed Under: Tech Tagged With: Digital Bank, Front-to-back SaaS Digital Banking, ID verification, Temenos, banking software, e-signature

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Adobe Introduces LLM Optimizer to Help Brands Navigate the Generative AI Shift
  • Why Visa and Mastercard Stocks Slipped After the Stablecoin News
  • iOS 26: The Most Personal, Intelligent, and Private iPhone Experience Yet
  • Postman Unveils Agentic AI Tooling to Operationalize API-Driven Intelligence
  • AM Batteries Opens New Facility in Billerica to Advance U.S. Battery Supply Chain
  • Meibel Secures $7 Million to Revolutionize AI Runtime Management
  • Tailor Raises $14 Million to Redefine ERP for Modern Businesses with Composable Architecture
  • Intel Unveils New GPUs and AI Accelerators at Computex 2025
  • Unlocking Critical Minerals: USGS Invites States to Turn Mine Waste into Treasure
  • Blacksmith Reimagines Continuous Integration with AI-Optimized Infrastructure

Media Partners

  • Market Analysis
  • Cybersecurity Market
China’s Strategic Shift to RISC-V: Market Implications and Growth Prospects
Understanding Transfer Pricing: A Key Component of Multinational Business Operations
A Comprehensive Tour of Project Management Tools and Integration Platforms
Implementing Odoo ERP in a Small Manufacturing Enterprise: Costs and Considerations
Economic Optimism Meets Uncertainty: Blue Chip Indicators Highlight Post-Election Fiscal Concerns and AI’s Looming Impact
The Future of Connectivity: Insights from Ericsson’s November 2024 Mobility Report
Platinum Market Faces Sustained Deficit Amidst Strong Demand and Constrained Supply
Breaking Beijing’s Grip: U.S. and Australia Unite Against China’s Rare Earth Monopoly
Global AI-Powered Accounting and Audit Services Market Analysis 2023-2030: Growth, Trends, and Forecast
The Re-Emergence of PHP
Passwork Achieves ISO/IEC 27001:2022 Certification, Reinforcing Commitment to Enterprise Security
Halo Security Honored with 2025 MSP Today Product of the Year Award
Cloudflare Log Explorer: A Unified Security and Performance Lens Within the Dashboard
The Rising Tide: AI and Cybersecurity Challenges Loom Large for CISOs
Arsen Launches AI-Powered Vishing Simulation to Help Organizations Combat Voice Phishing at Scale
Cyera Raises $540M to Cement Its Role as AI’s Data Security Backbone
ZeroRISC Secures $10M to Build Transparent, Secure Supply Chains
Cisco Fuses AI Security Into the Network Fabric: A Unified Vision for the Agentic Era
Guardz Raises $56M Series B to Scale AI-Native Cybersecurity Platform for MSPs and SMBs
Horizon3.ai’s $100M Bet on Autonomous Security

Media Partners

  • Market Research Media
  • Technology Conferences
The Rise of Headless Content Frameworks in Distributed Media Projects
Developing Web Projects: From Concept to Launch
The Rise of APS-C Cameras: A Professional Renaissance in Photography
Market Brief: Disruption in Spanish Orange Supply Chain and Strategic Response by UK Retailers
Global AI-Powered Movie Scenario Market Analysis 2023-2030: Growth, Trends, and Forecast
Market Research Report: US Government Cybersecurity Market in 2024
Market Research Report: Global Advertising Revenue Projections and Trends in the Entertainment & Media Industry
Social Media: The Rise of Formulaic Content
Netflix’s Creative Decline: The Rise of Formulaic Content
The Transformation of Media: Navigating the Waning Allure of Social Platforms
Apple Announces WWDC25, June 9 to 13, 2025
Adobe Summit 2025, March 17-20, Las Vegas
Embedded World 2025, from 11 to 13 March 2025 in Nuremberg
SATELLITE 2025: Uniting the Global Satellite and Space Communities
The milestone 10th edition of Chatbot Summit on March 31 – April 1, 2025, The Ritz-Carlton, Berlin
Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco
The NVIDIA GPU Technology Conference (GTC) 2025 is set to take place from March 17 to 21 at the San Jose McEnery Convention Center in San Jose, California
The Taipei Nangang Exhibition Center is set to host COMPUTEX 2025 from May 20 to May 23
The Mobile World Congress (MWC 2025) will kick off from March 3 to 6 in Barcelona, Spain
IOT Solutions World Congress 2025: Forging the Future of Industrial Innovation

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains