Temenos AG

From Infogalactic: the planetary knowledge core
Jump to: navigation, search
Temenos AG
Public (SIX: TEMN)
Industry <templatestyles src="Plainlist/styles.css"/>
Founded Geneva, Switzerland (1993, as Temenos Systems)
Headquarters Geneva, Switzerland
Key people
 <templatestyles src="Plainlist/styles.css"/>
  • Andreas Andreades, chairman
  • Max Chuard, CEO
  • Takis Spiliopoulos, CFO
  • Prema Varadhan, Chief Product and Technology Officer
  • Alexa Guenoun, COO
Products <templatestyles src="Plainlist/styles.css"/>
Revenue Increase $981 million (2019)[1]
Number of employees
 7,500 (2020)[2]
Website www.temenos.com

Temenos AG (SWX: TEMN) is a company specialising in enterprise software for banks and financial services, with its headquarters in Geneva, Switzerland. Temenos was initially created in 1993, and has been listed on the Swiss stock exchange since 2001.

Company profile

Founded in 1993 and listed on the Swiss stock exchange (SIX: TEMN), Temenos AG is a provider of banking software systems to retail, corporate, universal, private, treasury, fund administration, Islamic, microfinance and community banks. Headquartered in Geneva, Switzerland, and with 67 offices in 40 countries, Temenos serves over 3,000 financial institutions in 145 countries across the world.[3][2] It claims to be used by 41 of the top 50 banks worldwide.[2][3]

History

The company was started in November 1993, by George Koukis and Kim Goodall having acquired the rights to GLOBUS, the successful banking software platform developed by a team of technical and banking experts in 1988. The company was renamed to Temenos, in reference to a lecture on money given by Hans-Wolfgang Frick at the Temenos Academy[4] (1992), and continued to develop and market GLOBUS.

In 2001, Temenos went public,[5] and is listed on the main segment of the SWX Swiss Exchange (TEMN). Also in 2001, Temenos acquired a mainframe core banking application aimed at high-end retail banks, originally developed by IBM, and now marketed as Temenos Corebanking.

On 30 September 2003, Temenos launched its T24 banking package. T24 was based on GLOBUS,[6] but with a state-of-the-art banking technology platform. This was the result of 3 years of development effort and an investment of more than US$24 million.[citation needed]

In 2011, George Koukis stepped down as chairman and became a non-executive director,[7] and Andreas Andreades became chairman.

In 2021, Temenos has launched a new collaborative fintech marketplace, Temenos Exchange.[8] The marketplace offers pre-integrated and approved fintech solutions that help reduce development costs.[9]

Acquisitions

Companies acquired by Temenos, listed by year
Year Company Country
2007 Actis.bsp[10] Germany
2008 Financial Objects Ltd[11] United Kingdom
2008 Lydian Associates Ltd[12] United Kingdom
2009 Viveo[13] France
2010 FE Mobile[14] United Kingdom
2010 Odyssey Financial Technologies[15][16] Luxembourg
2011 Primisyn[17] Canada
2012 Edge IPK[18] United Kingdom
2013 Trinovus[19] United States
2015 Akcelerant[20] United States
2015 Multifonds[21] Luxembourg
2017 Rubik Financial Limited ('Rubik')[22] Australia
2018 Avoka[23] United States
2019 Htrunk Software Solutions[24][25] India
2019 Logical Glue United Kingdom
2019 Kony, Inc USA / India

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ 2.0 2.1 2.2 Lua error in package.lua at line 80: module 'strict' not found.
  3. ↑ 3.0 3.1 Lua error in package.lua at line 80: module 'strict' not found.
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  7. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  11. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  12. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  13. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  14. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  16. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  17. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  18. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  19. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  20. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  21. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  22. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  23. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  24. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  25. ↑ Lua error in package.lua at line 80: module 'strict' not found.
Retrieved from "https://infogalactic.com/w/index.php?title=Temenos_AG&oldid=726608065"