Temenos rolls out Micro Apps to boost digital banking offering

By Megha Bhattacharya

Temenos has announced the launch of Temenos Infinity Micro Apps, which can now deliver packaged business capabilities (PBC), for banks to rapidly create tailored digital customer experiences by adding or removing functionality. This allows for shorter development cycles, targeted personalized experiences, accelerated innovation and dramatically faster time to market.

Delivered as SaaS or on-premise, Infinity Micro Apps focus on a single use case and encapsulate its functionality. This makes it easier to add, remove, and configure the modules that make up Temenos Infinity, allowing banks to capitalize on the trend towards banking experiences targeted to specific demographics such as families, students or gig economy workers.

Joaquin de Valenzuela Muley, SVP & Global Business Line Director Infinity, said: “Banks understand that people crave simplicity in banking but the one size fits all approach doesn’t work in digital. With Temenos Infinity Micro Apps we are transforming the banks’ monolithic frontends into micro frontends. Giving banks the building blocks to create the ideal digital banking experiences at hyper-speed. With Temenos Infinity Micro Apps banks can target the right experience to the right customers. For example, a family app needs a different experience from private banking app or one for business owners.”

With Temenos Infinity Micro Apps architecture, banks will be allowed to build customer applications, simplify the configuration of Temenos Infinity and benefit from faster updates and easily add functionality.

Bola Rotibi, Research Direct, CCS Insight, said: “Banks need solutions based on microapps instead of monolithic structures to make it easier and quicker to create new features and services. Leading providers of banking software such as Temenos with its Temenos Infinity Micro Apps are well positioned to help banks evolve their digital strategy by making it easier to pull new capabilities into their existing digital banking platforms. Such solutions help banks improve business agility through faster, user-friendly and iterative delivery of updates and new features.”