Temenos is expanding its SaaS offering on AWS beyond core banking to include digital banking and payments.

Banks can now deploy Temenos’ core banking, digital banking and payments capabilities as a SaaS offering on AWS.

The offering is designed for retail, business and corporate banking. Banks can adopt individual components, use an end-to-end service, combine both approaches, or integrate Temenos with their existing systems.

Temenos can also provide a pre-configured and pre-integrated deployment.

The company said the SaaS model can help banks launch products faster and reduce the need to manage underlying technology infrastructure.

AWS infrastructure supports regulated and sensitive workloads, with security standards and certifications used across regulated industries.

Barb Morgan, Chief Product & Technology Officer at Temenos, said,

“We’re delighted to expand our Temenos SaaS offering on AWS, further strengthening our SaaS capabilities and giving banks greater flexibility in deploying Temenos solutions as SaaS in line with their technology strategy and market requirements.”

Scott Mullins, Managing Director, Worldwide Financial Services at AWS, said,

“Expanding Temenos Digital Banking and Payments on AWS enables institutions to adopt new capabilities at their own pace.

Whether modernising incrementally or going end-to-end, Temenos SaaS on AWS meets banks where they are — with the security, scalability and regulatory alignment that financial services demands.”

Temenos and AWS have worked together since 2019.

Banks that have deployed Temenos solutions on AWS include MidWestOne Bank in the US, Credem in Italy, WeLab Bank in Hong Kong and Bank ABC’s Ila Bank in Bahrain.

AWS’ geographical coverage also helps banks address local data residency requirements and support high availability within their chosen regions.

Featured image: Edited by Fintech News Singapore, based on image by ganzevayna1 via Magnific