Why Temenos is Expanding its SaaS Portfolio on AWS

Temenos has extended its Software-as-a-Service portfolio on Amazon Web Services (AWS) to include Digital Banking and Payments modules.

The technology provider already offered Core Banking SaaS on the platform.

Financial institutions can now deploy what the company describes as a complete banking stack in the cloud.

The addition could mean banks no longer need to work with multiple infrastructure providers to run retail, business and corporate banking operations.

Cloud infrastructure flexibility

The expanded offering uses a composable architecture model.

Banks can select individual components or deploy the full enterprise service depending on their requirements.

This approach could reduce the need for institutions to maintain legacy hardware systems.

According to Temenos, the model allows firms to focus resources on product development rather than infrastructure management.

Barb Morgan, Chief Product & Technology Officer at Temenos, says: "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."

The infrastructure provided by AWS is designed to handle regulated workloads, with the platform meeting various security standards and holding international certifications relevant to financial services.

Data sovereignty requirements

Data residency rules create compliance challenges for organisations moving operations to the cloud.

The partnership between Temenos and AWS addresses these requirements through AWS's geographical distribution of data centres.

This network of facilities helps banks comply with local data sovereignty regulations while maintaining system availability across regions.

For global financial institutions, this could mean fewer technical barriers to cloud migration.

Scott Mullins, Managing Director, Worldwide Financial Services at AWS, says: "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."

The platform allows organisations to migrate systems incrementally rather than requiring complete infrastructure replacement.

Adoption across markets

Temenos and AWS began their collaboration in 2019.

Since then, institutions including MidWestOne Bank in the US, Credem in Italy, WeLab Bank in Hong Kong and Bank ABC's Ila Bank in Bahrain have deployed the platform.

The client base includes both established banks and digital-only institutions. This range of adopters could indicate demand for cloud-native solutions across different business models.

David Albertazzi, Executive Advisor & Director of Retail Banking & Payments Practice at Datos Insights, says: "Temenos' expansion of its SaaS capabilities on AWS to include digital banking and payments reflects a broader industry shift toward more composable, cloud-based banking architectures.

"For financial institutions, this approach introduces additional flexibility in how core, digital, and payments capabilities can be deployed and integrated.

"As banks continue to modernise technology environments, considerations such as security, data sovereignty and regulatory alignment remain central to platform selection and implementation strategies."

Financial services technology continues to move towards distributed architectures that separate individual functions into distinct services.

This architectural pattern, common in modern software development, allows organisations to update specific components without affecting the entire system.