IBS Intelligence ranks Temenos as #1 banking software in 8 categories

By Gloria Methri

IBS Intelligence has recognized Temenos as the global market leader in eight categories in the IBSi Sales League Table (SLT) 2024. The categories include Core Banking, Digital Banking & Channels, Payments and Risk Management, and Core and Risk Management for Islamic Banking.

Temenos also ranked #1 in Europe, the Middle East, Africa and Latin America in the Regional Sales Awards. The results highlight the breadth of Temenos’ leadership as the banking platform of choice across regions and product segments. The company has ranked #1 in the core banking category for the last 19 consecutive years.

The IBS Intelligence Annual Sales League Table (SLT) received huge interest and participation, with 50+ technology suppliers submitting 2,100+ deals spanning 151 countries across the Americas, Europe, the Middle East, Africa, and APAC. It is an annual benchmarking exercise that has been running for over 30 years and is based on the number of new customer contracts signed in a calendar year.

In the 2024 IBSi analysis, Temenos continued to rank number 1 across the following eight categories:

• Universal Banking – Core
• Digital Banking & Channels
• Payment Systems – Retail
• Neo, Challenger & Digital-Only Banks
• Risk Management
• Treasury & Risk Management
• Islamic – Universal Banking – Core
• Islamic Banking – Risk Management

Temenos’ open platform for composable banking allows financial institutions to assemble, test and extend their broad banking capabilities easily. This enables them to bring innovative products to market faster to meet growing customer expectations while reducing the cost of development.

With a single platform and code base across all business segments, from core to digital to payments, Temenos clients benefit from a higher sustained level of investment in R&D. Recent innovations include the launch of the first Generative AI solutions for core banking and the introduction of Temenos Positions, a lean financial processing solution designed to transform banking operations for institutions with complex, multi-core systems.

Jean-Pierre Brulard, Chief Executive Officer of Temenos, said, “The latest IBSi Sales League Table rankings reconfirm Temenos’ position as the global market leader in banking software. Our winning combination of customer-centricity and innovation makes Temenos the platform of choice for banks of all sizes, regardless of how they choose to deploy our software – on-premises, on public or hybrid cloud, or as SaaS. As banks look to meet the challenges of an evolving industry and changing customer demands, Temenos’ flexible, cloud-native platform, infused with Responsible AI, gives them the market-leading capabilities and agility they need to succeed now and in the future.”

Nikhil Gokhale, Director of Research & Digital Properties at IBS intelligence, commented, “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. At IBSi, we are proud to be a valued source of insight for the global banking industry.”