Temenos, Wipro extent partnership to boost digitalisation within banking

Banking software developers Temenos and Wipro have expanded their partnership to help banks of every size accelerate their modernisation journey.

It hopes this will enable banks across varying scales to accelerate their go-to-market strategies in regions, including the US, UK and Australia.

The duo claimed that incumbent banks are burdened with legacy technology that includes multiple core capabilities, disparate systems and product silos.

By combining Temenos’ open platform for composable banking with Wipro’s deep technical expertise and industry insights, the companies claim they will deliver large-scale transformations from front-end digital capabilities to back-end transactional processing.

Temenos recently announced a new partner-first strategy to drive faster innovation, broader reach in new markets and faster adoption of its platform. Under this agreement, Wipro becomes a global partner as part of the Temenos IMPACT partner program and will provide its clients with deep domain expertise to design, test, implement and extend Temenos’ technology.

Temenos EVP – global head of SaaS and partner ecosystem Ross Mallace said, “The DNA of banking is changing to be more open, agile and collaborative. By partnering with companies like Wipro, we can help banks unlock the full potential of our composable banking platform.

“Wipro will extend our clients’ ability to leverage our broad set of banking capabilities to increase efficiency, create outstanding customer experiences, and grow their business. We’ve worked with Wipro for many years, and we’re excited for this new phase of our partnership. Together we can help banks turn their challenges into opportunities, as banking embraces the digital era.”

Earlier in the year, Temenos released an ESG investing-as-a-service to help banks and wealth managers meet the demand for sustainable investing. The solution combines Temenos front office, market data management and digital capabilities, including filtering, scoring and modelling techniques, with external data feeds from multiple providers to deliver a complete end-to-end service.

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