TEMENOS PLATFORM HITS RECORD HIGH TRANSACTIONS, SCALES BANKING-AS-A-SERVICE EFFICIENTLY AND...

TEMENOS PLATFORM HITS RECORD HIGH TRANSACTIONS, SCALES BANKING-AS-A-SERVICE EFFICIENTLY AND SUSTAINABLY

KUALA LUMPUR, May 9 (Bernama) -- Temenos, the world’s leading open platform for composable banking, has published new high-water benchmark performance results for Temenos Banking Cloud on Microsoft Azure and MongoDB Atlas infrastructure.

The benchmark scenario simulated a client with 50 million retail customers, 100 million accounts and a Banking-as-a-Service (BaaS) offering for 10 brands and 50 million embedded finance customers on a single cloud instance.

In the test, Temenos Banking Cloud processed 200 million embedded finance loans and 100 million retail accounts at a record-breaking 150,000 transactions per second.

In doing so, Temenos platform proved it is robust and scalable to support banks’ business models for growth through BaaS or distributing their products themselves.

According to Temenos in a statement, the benchmark included not just core transaction processing, but a composed solution combining payments, financial crime mitigation (FCM), data hub and digital channels.

“No other banking technology vendor comes close to the performance and scalability of Temenos Banking Cloud. We consistently invest more in cloud technologies and have more banks live with core banking in the cloud than any of our peers.

“This benchmark with Microsoft and MongoDB proves the capability of Temenos’ platform to power the world’s biggest banks and their BaaS offerings with hundreds of millions of customers, efficiently and sustainably in the cloud,” said its Chief Technology Officer, Tony Coleman.

The performance benchmark with Microsoft and MongoDB shows the unmatched scalability of Temenos’ cloud-native and composable platform helping banks massively scale and cater for the high volumes of transactions in the BaaS world where multiple brands are hosted on a single platform.

The benchmark also underscores the advances Temenos has made to provide a leaner and greener infrastructure, helping banks scale efficiently and achieve their sustainability goals.

Temenos serves 3000 banks from the largest to challengers and community banks in more than 150 countries by helping them build new banking services and state-of-the-art customer experiences.

-- BERNAMA