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MarketScreener Homepage  >  Equities  >  Swiss Exchange  >  Temenos Group    TEMN   CH0012453913

TEMENOS GROUP

(TEMN)
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Temenos : Recognized as a Market Leader in Omdia's Digital Banking Platform Report

11/20/2020 | 08:54am EST

Omdia gives Temenos Infinity top scores for product experience and solution innovation.

SaaS-based Temenos Infinity named market-leading digital platform based on its combination of market impact, solution capabilities, and customer experience

Based on the report, Temenos is one of the vendors with the strongest market presence. Temenos Infinity is now used by over 650 banks helping them transform customer experience and increase digital revenues by up to 5x

Temenos (SIX: TEMN), the banking software company, today announced that Omdia, a leading technology analyst and consulting firm, recognized Temenos as a market leader in the report 'Omdia Universe - Selecting a Digital banking Platform' based on its combination of market impact, solution capabilities, and customer experience. Temenos Infinity digital banking platform gained the top scores for product experience and solution innovation. Download the report here.

In Omdia's report, Temenos Infinity, the market-leading SaaS omnichannel digital banking product, scored consistently well in all areas thanks to an all-inclusive platform that can be adapted for all types of bank or geography. Omdia stated that customers praised the usability of the platform and the fact that business benefits were above expectations after implementation. Temenos is also acknowledged in the report as having one of the strongest market presence of all vendors[MD1] .

Temenos has seen accelerated demand for Temenos Infinity across challengers and incumbent banks. The company has invested over US$1 billion in the last few years to acquire leading US-based SaaS companies Kony and Avoka and accelerate its digital banking capabilities.

Omdia's report highlights that Temenos has fully integrated its acquisitions of Kony and Avoka into the Temenos Infinity platform. This has enabled Temenos to showcase its full capabilities, including onboarding, AI-led decision-making, and employee empowerment. Temenos Infinity offers an optimized digital banking experience, which Omdia states is integral to the future success or, possibly, survival of a bank.

Max Chuard, Chief Executive Officer, Temenos said:

'We are proud to be recognized as a leader by Omdia. This is a testament to the innovation of our digital banking platform and our growing investment in people and in R&D over the last few years. We are seeing great customer demand for digital banking delivered as SaaS and we expect this trend to continue. We help banks of all tiers and all sizes from tier ones, to credit unions to challenger banks transform their digital customer experience and deliver more value to their customers.'

Philip Benton, Senior Analyst, Omdia, said:

'Infinity has an impressive array of analytics tools at its disposal, with the platform designed for hyper-personalization. Temenos' strengths lie in providing an excellent user experience, for both business and end users, and an impressive product roadmap that aligns well with future market trends.'

Temenos has a global customer base with more than 650 financial institutions using Temenos Infinity including HSBC, Regions and BlueShore to name but a few. Temenos addresses banks of all tiers. According to Omdia, the integration of Kony's capabilities enable the platform to meet the more complex and partner-based requirements of top-tier banks.

Temenos Infinity helps banks succeed in the New Normal. It drives exceptional, personal customer experiences by combining digital technology with a human touch. With its advanced analytics, it drives customer acquisition and digital banking engagement, enabling financial institutions to increase digital revenues 5x and cut customer onboarding time by 75%. Financial institutions that use Temenos Infinity report a 20% higher Net Promoter Score.

Temenos Press Contacts

Jessica Wolfe & Scott Rowe

Temenos Global Public Relations

+1 610 232 2793 / +44 20 7423 3857

press@temenos.com

Alistair Kellie & Andrew Adie

Newgate Communications for Temenos

+44 20 7680 6550

allnewgatetemenos@newgatecomms.com

[MD1]This repeats the bullet at the top so I'd be tempted to delete this sentence.

Filed under:

Digital Front Office

Press Releases, November 19, 2020

Temenos

Temenos Headquarters SA

2 Rue de l'Ecole-de-Chimie

CH - 1205 Geneva

Switzerland

Tel: + 41 (0) 22 708 1150

(C) 2020 Electronic News Publishing, source ENP Newswire

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More news
Financials (USD)
Sales 2020 896 M - -
Net income 2020 173 M - -
Net Debt 2020 852 M - -
P/E ratio 2020 54,4x
Yield 2020 0,70%
Capitalization 9 231 M 9 231 M -
EV / Sales 2020 11,3x
EV / Sales 2021 10,1x
Nbr of Employees 7 351
Free-Float 86,2%
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 18
Average target price 132,84 $
Last Close Price 127,50 $
Spread / Highest target 50,2%
Spread / Average Target 4,19%
Spread / Lowest Target -54,1%
EPS Revisions
Managers and Directors
NameTitle
Max Chuard Chief Executive Officer
Andreas Andreades Executive Chairman
Alexa Guenoun Chief Operating Officer
Panagiotis Spiliopoulos Chief Financial Officer
André Loustau Chief Technology Officer
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