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Google Cloud & Temenos support DX for financial services firms

By Sara Barker
Fri 31 Jan 2020
FYI, this story is more than a year old

Google Cloud and banking software company Temenos have announced a move to jointly support financial services organisations.

Temenos will be the first banking software provider to run on Google Cloud Anthos, enabling customers to deliver mission-critical workloads across on-premises and cloud environments, or even across multiple clouds. 

Anthos is Google Cloud’s hybrid and multi-cloud application platform that enables organisations to migrate and modernise their existing applications, build new ones and run them anywhere, whether it’s in the cloud, on-premises or on multiple clouds.

Temenos will make its full end-to-end software portfolio available on Google Cloud, including solutions for branch, digital, and core banking

Google Cloud chief executive officer Thomas Kurian says, “Temenos delivers market-leading banking software applications to thousands of the world’s leading financial services organisations, and we’re excited to expand our strategic alliance with them. Extending Temenos’ core capabilities to Google Cloud helps banks digitally transform their business and deliver entirely new customer experiences and offerings.”

More than 3,000 financial services institutions around the world leverage Temenos’ modern, cloud-native and API-first technology. Australian customers include BankWest, Beyond Bank Australia, BT Financial Group, CUA, and more.

The two companies first trialled the integration of Temenos’ cloud-native, cloud-agnostic software in Google Cloud, demonstrating success with joint banking customers in Asia and Europe.

Now, Temenos’ full suite of banking software and applications will now be available on Google Cloud, and the two companies will help banks go to market faster, open up new business models, and achieve tangible business benefits.

Temenos chief executive officer Max Chuard says that the company is seeing an ‘explosive’ growth in cloud adoption within the banking industry.

“We are delighted to extend our leadership in the cloud and strengthen our strategic partnership with Google Cloud, a leader in innovation in cloud computing. As a strategic global banking software partner of Google Cloud, we will bring to market innovative solutions that combine our API-first, cloud-native, microservices-based banking software with Google Cloud’s scale and leading cloud capabilities.” 

“Our customers will benefit from the winning combination of Temenos’ functionally rich and technologically advanced digital banking platform on Google Cloud. Together, we will enable banks to reduce their time to market and operational complexity, as well as elastically scale and deliver outstanding digital customer experiences. With Google Cloud’s Anthos, we give banks the freedom to innovate and reap the true benefits of multi-cloud.”

The expanded partnership was announced at the Paris Fintech Forum 2020.
 

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