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    TEMN   CH0012453913

TEMENOS AG

(TEMN)
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Temenos : Minsait and Temenos Join Forces to Power Digital Transformation in Banking

10/21/2021 | 02:34am EST
News
Minsait and Temenos Join Forces to Power Digital Transformation in Banking

Minsait will enable banks in Europe and LATAM to quickly launch new digital banking services using Temenos open cloud banking platform

Press Releases, October 21, 2021
Temenos - Company

Minsait, an Indra company, one of the leading global technology and consulting companies, has joined forces with Temenos, the banking software company, to provide consulting services to banks wanting to modernize their technology infrastructure and take advantage of Temenos' open cloud banking platform. Minsait will help banks implement and maintain Temenos' solutions and provide business process outsourcing (BPO) including cloud operations, card processing and cyber security.

The collaboration will enable banks across Europe and Latin America to benefit from Minsait's vast professional services capability to accelerate their journey to a modern cloud solution for core and digital banking. Minsait has more than 10,000 banking technology specialists and service centres in 40 locations. It also has four centers that provide payment method services in more than 15 countries and process more than 220 million cards worldwide.

Minsait has an ambitious training plan for professionals at the Minsait center of excellence in banking business, which will make it the largest center specialized in Temenos technology in Spain with a scope throughout Europe and Latin America.

With new regulations, new competition from fintechs and Big Tech as well as rising customer expectations, digital transformation has become an imperative for all banks. Temenos' technology, built on open APIs, microservices architecture and DevOps principles, reduces the time, cost and risk of such transformations. Together with support from partners like Minsait, Temenos is enabling banks to both accelerate their digital transformation, scale faster and deliver ourtsanding customer experiences.

Borja Ochoa, Managing Director and Global Head of Financial Services, Minsait, said:

"This agreement enables us to present ourselves to the market as a more global player, as we offer distinctive services combining a world-leading software solution and comprehensive service capabilities for the management of major banking technology transformation projects. We'll undoubtedly reinforce our leadership in the digital transformation of banking in Europe and Latin America."

Jean-Paul Mergeai, President - International Sales, Temenos, commented:

"We're proud to welcome Minsait to our growing Services Partner network. Minsait will further strengthen our implementation and support capability across Europe and Latin America. Temenos has a strong commitment and focus on customer success and together with patners like Minsait we can provide banks with the specialist local market expertise and resources they need to speed up implementations and reduce operational cost and risk."

Disclaimer

Temenos AG published this content on 21 October 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2021 06:33:03 UTC.


ę Publicnow 2021
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Sales 2021 982 M - -
Net income 2021 191 M - -
Net Debt 2021 844 M - -
P/E ratio 2021 49,1x
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Max Chuard Chief Executive Officer
Panagiotis Spiliopoulos Chief Financial Officer
Andreas Andreades Executive Chairman
Mark Winterburn Chief Product and Technology Officer
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