Google Cloud and Temenos, the banking software company, have announced their strategic and global partnership to help financial service organizations run mission-centric banking applications and software on Google Cloud. This association will help these organizations create profitable business models as well as improve and differentiate their customer experiences.
In 2019, the two companies started a collaboration for integrating the cloud-native and cloud-agnostic software of Temenos into Google Cloud. They have demonstrated great success with joint banking customers in Asia and Europe. Under the terms of this expanded partnership, the full suite of banking applications and software of Temenos will now be accessible on Google Cloud. Furthermore, the partnership will assist banks to go to markets faster, achieve tangible business advantages, and open up new business models.
The modern, cloud-native, and API-first technology of Temenos is leveraged by more than 3,000 financial service institutions. Banks, as a part of this strategic partnership, can now run the applications of Temenos in Google Cloud and take the countless advantage of its resilience, scalability, and global infrastructure. This partnership was announced at the Paris Fintech Forum 2020, where Max Chuard, Temenos CEO, spoke about ‘Banking in the Cloud’.
Chuard, Chief Executive Officer at Temenos, remarked we see explosive growth in cloud adoption in the banking industry. Chuard added Temenos is delighted to extend our leadership in the cloud and strengthen our strategic partnership with Google Cloud. The Chief Executive Officer at Temenos added Temenos as a strategic global banking software partner of Google Cloud will bring innovative solutions to the market that would combine our cloud-native, API-first, and microservices-based banking software with the scale of Google Cloud and its leading cloud capabilities.
Anthos is the multi-cloud and hybrid application platform of Google that enables organizations to modernize and migrate their existing applications and build new ones and run them anywhere, whether it’s in the cloud, on multiple clouds, or on-premises. Anthos is built on open-source technology pioneered by Google like Istio, Kubernetes, and containers and helps banks empower their security professionals, developers, operation engineers, and platform teams enhance customer and employee experiences and thus save bottom-line costs and increase top-line revenue.