Temenos statement concerning the war in Ukraine Montag, 07. März 2022 - 08:17

Temenos statement concerning the war in Ukraine

GENEVA, Switzerland – March 7 2022 – Temenos (SIX: TEMN), the banking software company, expresses its solidarity with the Ukrainian people, who are suffering the consequences of Russia's military aggression. Temenos proactively supports the people in need in Ukraine by matching its employee donations (link).

Temenos is actively monitoring the current situation and has an established Business Continuity Management System (BCMS) as an integral part of the company's normal business operations.

Temenos has zero financial exposure to Ukraine and immaterial exposure to Russia, which corresponds to <0.1% of its revenue. Temenos also confirms that Eastern Europe represents a very small part of its global business.

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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.