Temenos Sets A Sustainability Benchmark For Cloud-native Banking With Microsoft

This benchmark shows advancements in Temenos' simplified, more sustainable architecture to manage the varying demands of digital transactions while helping banks achieve their sustainability goals

DUBLIN, Ireland, May 16, 2024 (GLOBE NEWSWIRE) -- Temenos Community Forum -- Temenos (SIX: TEMN) today announced the results of the sustainability benchmark it set for its native banking platform in cloud and running on Microsoft Azure, demonstrating its effectiveness in managing the varying demands of digital transactions while helping banks achieve their sustainability goals.

Microsoft's benchmark simulated the case of a customer using  Tenemos' Retail Enterprise services  with 25 million customers and 38 million accounts, processing 12 million loans on a single instance. Having already set a  remarkable benchmark record  for volume of transactions per second (VTS), this latest benchmark showed the progress of Temenos' simplified and more sustainable architecture, with an efficiency improvement of 52% for workloads tested against the previous version.

Using a 2021 baseline, validated by GoCodeGreen, Temenos has reduced the carbon impact of its software by more than 50%. Improving performance through more efficient code and simplified architecture results in reduced infrastructure demand and necessary processing power and, therefore, energy consumption and carbon emissions . Combined with Temenos' sustainable operations and the sustainability of significant technology partners such as Microsoft, this brings additional environmental benefits for banks that choose to deploy Temenos' solutions in the public cloud or as SaaS.  Temenos  continually invests in its cloud -native platform to ensure it leverages the latest advancements and innovations from major technology companies.

According to a recent  Economist Impact study  of 300 banking executives around the world, more than half (51%) of respondents agree that banks will no longer own data centers because they have migrated to the public cloud over the next five years.

Tony Coleman, Director of Technology and Innovation at Temenos, commented:  “The sustainability benchmark on Microsoft Azure demonstrates the unrivaled speed and efficiency of Temenos' cloud -native platform. , which helps banks decarbonize their operations and grow their businesses sustainably. Over the years, Temenos has worked hard investing considerable amounts in research and development to get the most out of the cloud with a fully natively cloud- based platform and solutions . With a simplified and greener architecture, Temenos' solution is by far the most sustainable way to run banking operations in the cloud . »

Kalliopi Chioti, Marketing Director and Head of ESG at Temenos, adds:  “Compliance with climate regulations and meeting environmental objectives have joined the list of reasons why banks are accelerating their migration to the cloud . Temenos is committed to helping our customers achieve their own ESG goals, particularly through our cloud-native platform , which enables our customers to significantly reduce their carbon emissions. Additionally, with our  Carbon Emissions Calculator , a free tool integrated into Tenemos' SaaS solution, we give banks the ability to track their cloud 's direct and indirect emissions from their banking activities, helping them to measure progress towards achieving sustainability goals and comply with growing climate regulations. »

Christian Sarafidis, General Manager of EMEA Financial Services at Microsoft, said:  “We are excited to see our collaboration with Temenos continue to set new standards for cloud banking . Temenos and Microsoft have formed a strategic relationship to meet banks' growing demand for cloud and SaaS banking services. Together, with our combined expertise, we are leading the transition to a more sustainable banking sector. »

About Temenos
Temenos (SIX: is the world's largest platform for composable banking services to customers in 150 countries. The company helps them develop new banking services and cutting-edge customer experiences. Banks top performers using Temenos software achieve cost-to-revenue ratios nearly half the industry average and return on equity twice the industry average IT spending on growth and growth. innovation are also twice the industry average.

To find out more, visit www.temenos.com .