Temenos, a core banking solution provider has teamed up with YugabyteDB, the global distributed SQL database provider. It will work as a strategic database for Temenos and enhance the core banking capabilities for composable banking for Temenos open platform. Small to large banks can create, expand, and install pre-built banking services and other banking features using Temenos open platform.
YugabyteDB will be a great help to Temenos’ banking consumers in this collaboration as it will assist all those clients who look forward to running Temenos open platform with its database solution on their public, private, on-premise or hybrid cloud-based infrastructure.
Bill Cook, CEO, Yugabyte, said, “Temenos has long recognized the critical value of cloud-native for its demanding market. That’s because, as a true market leader and core banking platform innovator, it knows that only truly agile and modular deployment backed by cloud-vendor independence will help it serve the needs of the thousands of its bank users, at all tiers and market niches. A horizontal scale-out cloud-native database was the required element to support Temenos’ ambitious plans, so we’re honoured to help integrate Yugabyte into its highly sophisticated architecture and so enable future mutual success.”
Temenos has been phenomenal in the last decade as it served 41 out of 50 top banks of the world with its cloud-native infrastructure and tools. These banks have been able to get scalable solutions that are cost-friendly with the changing business volumes and ascertain great combating power to failures. Yugabyte will enhance the strength of Temenos open platform by rendering comparable availability and flexibility in the data layer.
Tony Coleman, Chief Technology Officer, Temenos, stated, “Yugabyte brings exceptional technology performance, scale, and resilience to this partnership. Along with its unrivalled global database expertise and its service capabilities, YugabyteDB was a natural fit with our vision for the future of our technology cloud-based proposition.”