Temenos expands AWS SaaS to digital banking & payments

Temenos has expanded its software-as-a-service offering on Amazon Web Services to include digital banking and payments, adding to its existing core banking software on AWS.

Banks can now deploy Temenos software for core banking, digital banking and payments on AWS as part of a single cloud-based stack. The set-up is available to financial institutions globally, either as individual components or as a broader end-to-end service.

Temenos has offered core banking software on AWS since 2019. The latest expansion comes as banks consider how to replace or connect older systems to cloud services while managing regulatory, resilience, and data residency requirements.

Under the model outlined by Temenos, lenders can combine its products with existing technology or use a pre-configured, pre-integrated deployment. The approach is intended to support retail, business and corporate banking operations.

AWS infrastructure will underpin the service. Temenos said AWS's geographical reach can help banks address local data residency requirements and maintain availability within a chosen region.

Temenos also said its software on AWS aligns with the AWS Well-Architected Framework, which covers operational excellence, security, reliability, performance efficiency, cost optimisation, and sustainability.

Barb Morgan, Chief Product and Technology Officer at Temenos, said the expansion is part of a broader effort to give banks more deployment options.

"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," Morgan said.

AWS said the arrangement gives financial institutions another way to introduce new systems in stages or through a broader overhaul.

"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," said Scott Mullins, Managing Director, Worldwide Financial Services, AWS.

Cloud shift

The announcement reflects a broader shift in banking technology procurement as institutions seek modular software that can connect across channels and products. Many banks are trying to reduce the operational burden of maintaining large in-house technology estates while preserving control over critical functions and compliance obligations.

Industry analysts have described cloud adoption in banking as a gradual process rather than a single migration, especially for larger institutions with older infrastructure. In that context, software providers and cloud operators have focused on models that let banks replace or add services in stages.

David Albertazzi, Executive Advisor and Director of Retail Banking and Payments Practise at Datos Insights, said the Temenos move fits that pattern.

"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 modernize their technology environments, considerations such as security, data sovereignty, and regulatory alignment remain central to platform selection and implementation strategies," Albertazzi said.

Temenos and AWS said they have worked together since 2019. Banks that have deployed Temenos software on AWS include MidWestOne Bank in the US, Credem in Italy, WeLab Bank in Hong Kong and Bank ABC's Ila Bank in Bahrain.

The latest expansion adds digital banking and payments to Temenos's existing core banking software on AWS, broadening its cloud delivery option for banks that want to source more of their banking systems through managed software rather than run those platforms themselves.