IBS Intelligence recognizes Temenos as the #1 best-selling banking software across 8 categories

By Gloria Methri

Temenos has been recognized as the global market leader by IBS Intelligence in the IBSi Sales League Table (SLT) 2023 for Core Banking, Digital Banking and Channels, Payments, Treasury and Risk Management, and Islamic Banking for core and risk management.

Temenos also ranked #1 in each of the following markets: Europe, the Middle East, and Africa in the Regional Sales Awards. The company maintained its #2 position in North and South America with key wins including a top 30 US bank. Temenos is the only vendor that has been ranked #1 in the core banking category for the last 18 consecutive years.

The IBS Intelligence Annual Sales League Table (SLT) assessed systems purchases made by over 500 banks and financial institutions across 170 products from 57 vendors across the Americas, Europe, Middle East, Africa, and APAC. It is an annual benchmarking exercise, running for 30 years, based on the number of new customer contracts signed in a calendar year. The SLT is recognized as the barometer for financial technology providers’ sales performance across the banking industry.

In the 2023 IBS Intelligence analysis, Temenos has retained its position as a market leader across eight categories, ranking:

• #1 for Universal Banking (core) across retail, wealth, SME, and corporate segments
• #1 for Digital Banking & Channels
• #1 for Payment Systems (Retail)
• #1 for Risk Management
• #1 for Islamic Universal Banking
• #1 for Digital-only Banks, with Temenos winning nearly a third of all new deals in 2022
• #1 Treasury & Risk Management
• #1 Islamic Banking (Risk Management)

Temenos SaaS delivers the benefits of the cloud while enabling banks to focus on customer-centric innovation and take advantage of new opportunities like Banking-as-a-Service, on a secure and trusted evergreen service.

Andreas Andreades, Chief Executive Officer, Temenos, said, “The IBSi Sales League Table rankings reconfirm our leadership and prove that Temenos is the platform of choice for banks of all sizes and non-banks, irrespective how they choose to deploy our software – on-premise, on any public cloud or as SaaS on Temenos Banking Cloud. With our critical mass and broad leadership, we continue to invest relentlessly in our single platform with its single code configuration base, which means that all banks, can leverage our R&D through our business model allowing all business segments from payments to the core to digital to benefit continuously from this investment. Building on our strong SaaS credentials, we do not only offer the software but also the service, and this will increasingly drive Temenos’ growth in the future.”

Temenos has 700 clients live on Temenos Banking Cloud across five continents, and 30 regulatory jurisdictions, and a new bank is going live on its SaaS platform on average every 10 days. Banks running on Temenos Banking Cloud benefit from more than 95% lower carbon emissions over traditional on-premise applications.

Nikhil Gokhale, Head of Research, IBS Intelligence, said, “Consumers’ enthusiastic use of FinTech tools led banks to invest further in innovation last year, making the IBSi Sales League Table 2023 (SLT 2023) more significant than ever. Our findings in the SLT 2023 show that cloud and SaaS adoption is accelerating significantly. In addition, we see a shift to next-gen core banking systems which offer banks the flexibility of SaaS with reliability and rich functionality, all areas which Temenos is well recognized for in the industry. On behalf of IBSi, I would like to congratulate Temenos for continuing to lead the industry and for being at the forefront of banking innovation, addressing the needs of banks and financial services institutions, whether they are retail, corporate, SME or wealth-focused, and regardless of size or location. The SLT continues to be a barometer for the health of the banking and financial services industry globally and, at IBSi, we are proud to be a valued source of insight for the global banking industry.”