AWS and Temenos team up for speedier banking

Amazon Web Services (AWS) has teamed up with cloud banking software provider Temenos for an extended partnership, which would allow banks to process 100,000 transactions per second.

The multi-year deal will see Temenos’ full suite of banking solutions offered as part of AWS on an as-a-service basis.

Founded in 1993, the Swiss-based company’s solutions are used by both retail and commercial banks.

What does it offer users?

Temenos says the partnership uses regional AWS Availability Zones (AZs) to provide high availability in a single region, avoiding data sovereignty issues or the need to purchase additional infrastructure.

Additionally, Temenos says its digital banking platform can scale to meet growing customer demands and allows banks to lower their total cost of ownership by reducing infrastructure management and enabling automated deployment using Infrastructure as Code (IaC) tools.

Temenos also claimed that its solutions help banks reduce their carbon footprint and help them achieve their ESG goals compared to on-premises deployments.

Cloud computing is widely adopted in banking.

According to a Google Cloud study, 83% of financial services companies surveyed say they deploy cloud technology as part of their core IT infrastructure, with US banks leading in cloud adoption.

“Temenos provides cloud-native digital banking solutions to thousands of leading financial services organizations around the world, and we are excited to expand our relationship with them,” said John Kain, Head of Market Development. financial services, Amazon Web Services.

“By combining the reliability, high performance, and security of AWS with digital banking solutions from Temenos, we can give banks the business agility they need to confidently move to the cloud and innovate faster than ever before. “

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