The new partner program will drive deeper collaboration and tighter engagement with system integrators, value-added resellers, solution providers, fintechs and consulting companies to open up new market opportunities and segments.

With the speed and cost of innovation and the emergence of new business models such as BaaS changing the DNA of how banks operate and the need for more collaborative ways of working, Temenos sees partnering as the key to success for all players in the financial industry ecosystem.

According to Alois Pirker, Director, Wealth Management Practice, Aite-Novarica Group: “Shifts like open banking and the move towards SaaS solutions are driving banks to pay closer attention to vendor ecosystems as part of their selection processes. Traditionally, Temenos has had a strong global partner ecosystem. We believe the announcement of Temenos IMPACT will bring additional investment and opportunity for the global partner and banking ecosystem.”

The Temenos IMPACT program aims to unlock the full potential of this ecosystem. It supports partners in building new businesses, growing their banking practices and adding new capabilities across different geographies in the retail, corporate, SME and Wealth sectors.

The program is built around five partner categories to deliver the maximum impact potential for co-innovation and shared benefits. These include:
• Sales Partners: Can be global, regional or local value-added resellers (VARs) with proven sales expertise that will sell Temenos solutions globally or in local regions or countries.
• Delivery Partners: Deliver, integrate and extend Temenos banking solutions and services
• Technology Partners: Hyperscalers, Technology and Platform partners to deliver the most scalable, secure and effective cloud infrastructure and open technology
• Solution Providers: Bring a new generation of financial solutions to the Temenos Banking Platform, pre-integrated for rapid implementation through the Temenos Exchange
• Strategic Advisors: Consulting companies helping banks to make the best solution and technology choices on their transformation strategy

The partner-first strategy is crucial to Temenos’ mission to become the open banking platform of choice for customers and partners. The company is also investing in its new Partner Organization to accelerate this strategy, appointing Paul Carr as Global Head of Partner Ecosystem, reporting to Martin Häring, Chief Marketing Officer and Partner Ecosystem.

Martin Häring, CMO and Partner Ecosystem, Temenos, commented:“With our partner-first strategy, Temenos is committed to working with the best in the market. Building on our open banking platform strategy for composable banking, Temenos provides an ideal environment for system integrators, technology partners, solution providers, fintechs and other players to innovate. Together we can scale rapidly, capture new markets and win using new business models while creating incredible value for our customers.”

Temenos offers partners almost three decades of banking expertise. Its products support 3,000 banks in 150 countries, serving 1.2 billion people around the globe. The company invests 20% of its revenue in R&D, ensuring it remains the best partner for the future. As a recognized leader in ESG, with a top rating from the Carbon Disclosure Project and Dow Jones Sustainability Indices, Temenos can also support partners and shared customers in the drive for ethics, integrity, and sustainability.

Kelly Switt, Global Senior Director, FSI Ecosystem and Strategic Partnerships, Red Hat, commented: “Red Hat’s collaboration with Temenos is built on a shared belief in the power of open source to fuel the next generation of digital banking services. By combining Temenos’ leading digital banking services with Red Hat’s enterprise-grade open source technology, we can enable banks to deliver enhanced digital experiences for customers and scale more efficiently across the open hybrid cloud to meet industry demands today, tomorrow and beyond.”

Abid Mumtaz, Global Head, Wise Platform, said: “At Wise, we want to set a new standard for global payments, one in which they’re faster, more cost-effective and more transparent. By working with Temenos, we’re able to get closer to achieving this. Temenos’ platform helps us access a global banking audience - it’s been a real success so far, and we’re excited by what’s to come.”