Amazon Web Services (AWS) has teamed up with cloud banking software provider Temenos to expand their partnership, which would allow banks to process 100 transactions per second.
The multi-year agreement will see Temenos' full suite of banking solutions offered as part of AWS as a Service.
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 association 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 enables banks to lower their total cost of ownership by reducing infrastructure management and enabling automated deployment using Infrastructure as Code (IaC) tools. ).
Temenos also stated that its solutions help banks reduce their carbon footprint and meet their ESG goals compared to on-premises implementations.
Cloud computing is widely adopted in banking.
According to a Google Cloud study, 83% of financial services companies surveyed say they implement cloud technology as part of their core IT infrastructure, with US banks leading 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, director of financial services market development, Amazon Web. Services.
"By combining the reliability, high performance, and security of AWS with Temenos digital banking solutions, we can give banks the business agility they need to confidently migrate to the cloud and innovate faster than ever before."