DUBLIN, Ireland, May 15, 2024 (GLOBE NEWSWIRE) -- Temenos Community Forum --
Temenos (SIX: TEMN) today announced the results of a sustainability benchmark
for its cloud-native banking platform running on Microsoft Azure, demonstrating
the efficiency to handle the variable demands of digital transactions while also
supporting banks to meet their sustainability goals.
The Microsoft benchmark simulated a client using Temenos Retail Enterprise
Services (https://www.temenos.com/news/2024/01/11/temenos-launches-end-to-end-
saas-services-for-retail-business-and-corporate-banking-for-faster-time-to-
value/) with 25 million customers and 38 million accounts, processing 12 million
loans on a single instance. Having previously set a record highwater benchmark
(https://www.temenos.com/news/2023/05/09/temenos-banking-cloud-reaches-record-
high-transactions-and-scales-efficiently-and-sustainably-for-banking-as-a-
service/) for the volume of transactions per second (TPS), this latest benchmark
showed the advances in Temenos' leaner and more sustainable architecture, with
up to 52 percent like-for-like efficiency improvement for the tested workloads
compared to the previous release.
From a 2021 baseline and validated by GoCodeGreen, Temenos has reduced the
carbon impact of its software by over 50 percent. Improving the performance with
more efficient code and leaner architecture means less demand for
infrastructure, less processing power needed and consequently less energy
consumed and lower carbon emissions. Combined with Temenos sustainable
operations and the sustainability of hyperscaler partners like Microsoft, this
brings added environmental benefits for banks choosing to deploy Temenos
solutions on public cloud or as SaaS. Temenos
(https://www.temenos.com/news/2024/01/11/temenos-launches-end-to-end-saas-
services-for-retail-business-and-corporate-banking-for-faster-time-to-value/)
continuously invests in its cloud-native platform to ensure it leverages the
latest advances and innovations from hyperscalers.
According to a recent Economist Impact study
(https://www.temenos.com/insights/white-papers-reports/global-byte-sized-
banking/) of 300 global banking executives, more than half (51 percent) of
survey respondents agree that banks will no longer own any data centers because
they will have moved to public cloud in the next five years.
Tony Coleman, Chief Technology and Innovation Officer, Temenos, commented: "The
sustainability benchmark on Microsoft Azure shows the unmatched speed and
efficiency of Temenos' cloud-native platform helping banks to decarbonize their
operations and grow their businesses sustainably. Over the years Temenos has
worked hard investing considerable R&D to get the best out of the cloud with a
platform and solutions that are fully cloud-native. With a leaner and greener
architecture, Temenos is by far the most sustainable way to run core banking in
the cloud."
Kalliopi Chioti, Chief Marketing and ESG Officer, Temenos, added: "Compliance
with climate regulation and meeting environmental targets have joined the list
of reasons why banks are accelerating the shift to the cloud. Temenos is
committed to helping our clients reach their own ESG targets, particularly
through our cloud-native platform, enabling our clients to significantly reduce
their carbon emissions. Further, with our Carbon Emissions Calculator
(https://www.temenos.com/news/2022/10/25/temenos-launches-carbon-emissions-
calculator-on-temenos-banking-cloud/), a free tool embedded within Temenos SaaS,
we empower banks to track their direct and indirect cloud emissions from banking
activities, helping measure progress towards sustainability goals and comply
with growing climate regulations."
Christian Sarafidis, Chief Executive EMEA Financial Services, Microsoft, said:
"We are thrilled to see our collaboration with Temenos continue to set new
standards for core banking in the cloud. Temenos and Microsoft have a strategic
relationship to meet the growing demand from banks for cloud and SaaS banking
services. Together, with our combined expertise we are leading the transition to
a more sustainable banking industry."
About Temenos
Temenos (SIX: TEMN) is the world's leading platform for composable banking,
serving clients in 150 countries by helping them build new banking services and
state-of-the-art customer experiences. Top performing banks using Temenos
software achieve cost-income ratios almost half the industry average and returns
on equity 2X the industry average. Their IT spend on growth and innovation is
also 2X the industry average.
For more information, please visit www.temenos.com (http://www.temenos.com).
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