Temenos Announces New Strategic Plan and 2028 Targets
Temenos, a leading banking software provider, unveils its strategic plan and financial targets for the next five years, aiming to accelerate growth and deliver innovative solutions to the banking industry.
Key Highlights:
- Revenue target of CHF 1.4-1.6 billion by 2028, representing a CAGR of 9-12%
- Recurring revenue to account for over 90% of total revenue
- Focus on cloud-native, API-first, and AI-powered solutions
- Expansion into new markets and verticals
The strategic plan emphasizes the acceleration of Temenos' cloud-first strategy, with a target of 70% of revenue coming from cloud-native solutions by 2028. The company aims to leverage its open platform and API-first approach to foster innovation and collaboration within the banking ecosystem.
Temenos plans to invest significantly in research and development, with a focus on artificial intelligence (AI) and machine learning technologies. AI will play a crucial role in enhancing the customer experience, automating processes, and driving efficiency across banking operations.
In terms of geographic expansion, Temenos intends to strengthen its presence in high-growth markets, particularly in Asia and Latin America. The company sees opportunities in emerging economies, where the demand for modern and scalable banking solutions is increasing.
Max Chuard, CEO of Temenos, said, "Our new strategic plan sets out a clear roadmap for our journey to 2028. We are confident that by focusing on cloud-native solutions, AI innovation, and expanding our market reach, we can drive sustainable growth and deliver exceptional value to our customers."
Temenos' strategic plan and 2028 targets align with the company's vision of empowering banks to transform and adapt to the rapidly evolving financial landscape. By delivering innovative and cloud-based solutions, Temenos aims to support banks in meeting the evolving needs of their customers and navigating the challenges of the digital era.
