Temenos Avoka Revenue and Competitors

Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos AG is the world’s leader in banking software, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Headquartered in Geneva, with more than 60 offices worldwide, Temenos provides banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions. Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers. Temenos customers are proven to be more profitable than their peers: over a seven-year period, they enjoyed on average a 31% higher return on assets, a 36% higher return on equity and an 8.6 percentage point lower cost/income ratio than banks running legacy applications. According to IBS Intelligence, which maintains an annual league table, Temenos T24 Core Banking is the #1 bestselling core banking system for 13 years. Forrester has ranked Temenos as a Global Power Seller (Global Banking Platform Deals Survey 2018) for 12 consecutive years, and a Top Global Player for combined deals (new and existing) for six consecutive years. Temenos was the winner of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards for four consecutive years, and in 2014 won the award for Most Innovative Use of Technology for the Integration Framework.