VA-TEMENOS
DXC Technology (NYSE: DXC) today announced that it has signed a strategic agreement with Temenos (SIX: TEMN), the banking software company to accelerate the digital transformation strategy for DXC’s large bank customers. The expanded partnership brings together the extensive cloud hosting, implementation and integration strengths of DXC with the power of Temenos industry leading banking software. The two companies will jointly offer large bank customers the optimal modernization approach to address competitive, regulatory, cost and innovation drivers.
Many large banks are having to contend with complex legacy technology stacks that can include multiple core capabilities, disparate systems and product silos. These banks are embarking on transformation projects to compete with fintechs and neobanks, whose agility allows them to rapidly launch differentiated products and attract new customers. DXC and Temenos are paving the transformation journey by empowering the banks to compete with challengers by quickly adapting their business models and offering differentiated services to their customers.
With the combined strengths of DXC and Temenos, customers can adopt a modern core banking solution, confident in their migration success and benefits of adopting a fully hosted and resilient solution.
Dmitry Loschinin, Executive Vice President, DXC Luxoft Analytics & Engineering: “We are excited to strengthen our collaboration with Temenos, the market-leading, cloud-native, banking-technology provider. Core IT systems play a central role in helping banks innovate and deliver next-generation banking services to their customers. And like any major IT transformation, this kind of enterprise-level change needs to be undertaken with the right partners. Together with Temenos, DXC’s world-class professional services and deep banking expertise will empower banking customers to begin their IT modernization journey, focusing on their core business strengths while we address the implementation.”
Max Chuard, Chief Executive Officer, Temenos said: “We are delighted to announce this strategic agreement with DXC, a proven partner for delivering strategic transformation of complex, mission-critical IT systems for financial services firms. This joint go-to-market strategy with DXC is a new channel to market for Temenos, which will accelerate our penetration in the large banks segment, notably with the U.S. market, representing approximately 60% of the total third-party market spend. Together, we seek to help larger banks with complex, legacy IT architectures break down silos, reduce IT complexity and costs, and gain greater speed to market. We can help DXC’s customers accelerate their business transformation and provide outstanding customer experiences.”
– Ends –
About DXC Technology
DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. With decades of driving innovation, the world’s largest companies trust DXC to deploy the Enterprise Technology Stack to deliver new levels of performance, competitiveness and customer experiences. Learn more about the DXC story and our focus on people, customers and operational execution at www.dxc.technology .
About Temenos
Temenos AG (SIX: TEMN) is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 1.2 billion banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.
Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.
For more information, please visit www.temenos.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20210216006281/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
Venture Global Announces Long-term Sales and Purchase Agreement With Naturgy of Spain10.11.2025 13:00:00 CET | Press release
Venture Global’s second long-term contract with a Spanish company5.75 MTPA of long-term contracts signed by Venture Global to date in 2025 Today, Venture Global, Inc. (NYSE:VG) and Naturgy announced the execution of a new long-term Sales and Purchase Agreement (SPA) for the purchase of 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global for twenty years beginning in 2030. The agreement represents Spain’s first long-term contract for American LNG since Venture Global’s first contract in 2018. To date, Venture Global has supplied Spain with 35 cargoes from its Calcasieu Pass and Plaquemines facilities. “Venture Global is honored to expand our long-term partnership with Spain through this new agreement with Naturgy, a leading global LNG company,” said Mike Sabel, CEO of Venture Global. “This contract will positively impact the U.S. balance of trade with Spain and enhance energy security across the region. Our unmatched speed and execution have made Venture
71% of Global Businesses Have Accelerated AI Adoption Amid Tariffs, Inflation and Uncertainty, Finds Economist Study Commissioned by Kinaxis10.11.2025 13:00:00 CET | Press release
Geopolitical turbulence is pushing AI to the forefront of the innovation agenda, but many supply chains are not ready According to Supply Chain’s Big Bet on AI For Geopolitical Resilience, a new global study from Economist Impact, commissioned by Kinaxis® Inc. (TSX:KXS), while 71% of companies have accelerated AI deployment in response to tariffs, inflation, and geopolitical volatility, a wide gap remains between AI ambition and implementation, according to Economist Impact. Nearly every company (97%) is experimenting with AI, but only 20% can make real-time decisions, and just 22% have a defined AI strategy, and those with one are more than three times as likely to see measurable ROI. Moreover, while business leaders tend to underestimate the new risks and complexities that AI may introduce, staff are more focused on the practical realities with the effort, change management, and technical challenges involved in turning AI ambition into everyday impact. “Disruption is no longer cyclic
The LYCRA Company Announces Grand Opening of Its Largest Global Spandex Production Facility in China10.11.2025 13:00:00 CET | Press release
The LYCRA Company, a global leader in innovative and sustainable fiber solutions for the apparel and personal care industries, today announced the official opening of its largest spandex production facility—the LYCRA® fiber (Yinchuan) Plant in Ningxia Province, China. This milestone underscores the company’s continued investment in the Chinese market and highlights its strong commitment to developing localized supply and distribution networks while advancing smart manufacturing upgrades. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251110715151/en/ Executives and local dignitaries gathered to celebrate the grand opening of The LYCRA Company's state-of-the-art spandex manufacturing facility in Yinchuan, China, on November 7, marking a significant milestone in regional investment and the company's strong commitment to developing localized supply and distribution networks. With a total investment of more than RMB 800 million,
Ookla Unveils Speedtest Pulse™, Redefining Network Validation and Troubleshooting10.11.2025 12:00:00 CET | Press release
Disruptive new diagnostic device puts 20 years of network expertise in the hands of ISPs and enterprises, empowering them to validate performance, end costly repeat visits, and boost customer satisfaction. Ookla®, a global leader in connectivity intelligence, today unveiled Speedtest Pulse™, a new network diagnostic device designed to provide definitive, smartphone-based validation and troubleshooting for internet service providers (ISPs) and enterprises. Leveraging the power of Speedtest®, a globally trusted gold standard for connectivity measurement, Speedtest Pulse bridges a crucial gap in technician toolkits, offering a powerful, scalable solution that is easy to use and provides clear, actionable insights. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251110605367/en/ Speedtest Pulse™ is a dual-mode network diagnostic tool offering one-tap, smartphone-based validation and troubleshooting, and autonomous testing of netw
Kaneka Expands Global Reach with i-ED COIL™ Launch in Europe10.11.2025 03:51:00 CET | Press release
Kaneka Corporation (Headquarters: Minato-ku, Tokyo; President: Kazuhiko Fujii) (TOKYO:4118) has begun sales of its i-ED COIL™, a brain aneurysm embolization coil (*1), in Europe as of October. The product obtained EC certification (*2) under an EU Medical Device Regulation (*3) in July and will be distributed primarily in Europe through Kaneka Medical Europe N.V. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251109744229/en/ i-ED Coil The i-ED COIL™ provides world-class flexibility, enabled by its specialized wire thickness and structural features. This flexibility enables coils to be packed more densely within aneurysms than conventional products and allows treatment of aneurysms with irregular shapes. Its role in reducing the risk of aneurysm rupture is highly regarded by physicians, and since its launch in the Japanese market in 2019, sales have continued to grow steadily. Kaneka is expanding its business in a wide range
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom