International software firm Temenos, self-dubbed Everyone’s Banking Platform, opened its TCF 2023 conference displaying the successes of the previous year.

TCF 2023, hosted in Vienna, began with chief executive Andreas Andreades explaining how Temenos has signed so many contracts recently.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

To over a thousand delegates, he said: “Cloud technology is advancing and more banks are ready to take advantage of it.”

The firm has made a number of deals recently. In March 2023 alone, it announced collaborations with Saudi EXIM Bank and Kiatnakin Phatra.

The arm of Kiatnakin Phatra Financial Group will implement Temenos Wealth to bring a consolidated advisory front-office across all investment products.

Temenos Wealth will enable Kiatnakin Phatra to digitise more operational elements as well as broaden the range of products and increase front office sales efficiency. This should aid in enhancing client interactions and attract a new generation of investors.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

In addition, the firm has asked Temenos partner Syncordis to lead the transformation project. This includes building a Temenos Wealth Centre of Excellence, which will offer bespoke training services for internal teams and Temenos customers in Thailand.

TCF 2023: What customers and clients want

Temenos CEO Andreas Andreades

So what do customers want from their banks and how is Temenos helping banks deliver it? Banks’ evolution had to happen as “modernisation has never been an option but mandatory”.

“Hyperpersonalisation” is one thing. According to Andreades, “people expect to be treated as individuals”.

Security was also a hot button issue, especially the cost of it. However, Andreades believed that “you can’t price cyber risk, you need to trust experts on cyber risk” or lose much more than you could ever think.

TCF 2023 also highlighted ESG and Temenos stated that its work with AWS and Microsoft helped companies save between 93 and 97% of emissions.