Temenos, Google Cloud Partners to accelerate Banks’ Digital Transformation

Temenos has recently revealed an extended partnership with the Google Cloud on the slides of the Parish Fintech Forum 2020.

The partnership will help enable financial services companies to run mission-critical software on the cloud.

Temenos' full suite of banking applications and software will be available on the Google Cloud Platform. The partnership will help banks who leverage Temenos's modern cloud-native and API driven application. These banks can leverage Google Cloud to run Temenos' applications at scale. Now banks can release quicker software solutions, achieve tangible business benefits, and launch new business models as well, according to the announcement.

Both companies were collaborating since 2019.

Executive Opinion

Chief Executive Officer, Temenos, Max Chuard, said, "We see explosive growth in cloud adoption in 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 innovative market 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."

Chief Executive Officer, Google Cloud, Thomas Kurian, said, "Temenos delivers market-leading banking software applications to thousands of the world’s leading financial services organizations, 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."

Temenos and Google Cloud partnership

With the help of this extended partnership, Temenos will also become the first banking solution software provider to run on Google Cloud Anthos. Anthos is a Google Cloud's multi and hybrid cloud application platform that helps to secure, modernize, and build applications.

Temenos, as of now, has more than 3000 financial services institutions running on its API backed and cloud-native platforms. Temenos and Google Cloud will jointly go-to-market with leading-edge financial services offerings, notes the announcement.

Last year, TCS also partnered with Google Cloud to help customers accelerate Digital Transformation. With Google Cloud partnership, TCS was aiming to build industry-specific cloud solutions to help clients accelerate digital transformation and improve customer experiances.