Sells banks core, digital, payments, wealth and financial-crime software under subscription, SaaS or term licences plus maintenance, and is embedding AI copilots and agents into those products rather than selling a separate AI layer.
What is Temenos, and which banks use it?
Temenos is a Swiss core-banking software vendor, founded 1993 and listed on SIX, with over 950 core banking clients. Its AI is embedded in its products: an FCM AI Agent for sanctions screening (generally available since May 2025), Copilot for Core, and May 2026 copilots, agents and a Conversational Studio. Commerce Bank runs Temenos core banking, but no bank on our list is named with a source as using Temenos AI. Pricing is not published; Temenos sells subscription, SaaS and term licences plus maintenance.
Category
Founded
1993
Headquarters
Grand-Lancy (Geneva), Switzerland
Ownership
Public company listed on the SIX Swiss Exchange (TEMN). Takis Spiliopoulos became CEO in December 2025 after Jean-Pierre Brulard stepped down in September 2025; Temenos sold its Multifonds fund-administration unit to Montagu Private Equity (completed June 2025) and bought Zurich wealth fintech additiv (completed July 2026).[13][12][17][16]
Deployment
SaaS, public or private cloud, hybrid, or on-premises
Pricing
Subscription licences, SaaS and term licences, with maintenance billed separately; the 2025 annual report lists volume-based pricing aligned to banks' growth. · not published
Banks among the 100
0
- Temenos reports over 950 core banking clients and over 600 digital banking clients in more than 150 countries (2025 annual report); non-IFRS proforma 2025 revenue was $1,071.1 million and ARR reached $881 million at the end of Q2 2026, up 11% in constant currency.
- The Temenos FCM AI Agent, launched May 2025 and generally available, screens payments and customers against sanctions watchlists; Temenos says live deployments show false-positive rates below 2% and that a Tier 1 bank using it automates more than 20% of alerts (vendor-reported).
- Generative AI: Temenos launched Generative AI for core banking and financial crime in May 2024, the Product Manager Copilot (built on Microsoft Azure OpenAI Service) in May 2025 with general availability scheduled for Q4 2025, and Copilot for Core in 2025.
- At its May 2026 Community Forum Temenos launched Conversational Studio for Digital, Copilot for Workbench, branch personas for Copilot for Core and an FCM AI Agent for Instant Payments.
- Temenos has sold patented Explainable AI (XAI) models since at least 2020, when it launched SaaS XAI models for SME and retail loan decisions.
- Reversals: Hindenburg Research published a short report in February 2024, causing the biggest drop in Temenos's shares in 15 years; a board special committee called the allegations 'incorrect and misleading'. CEO Jean-Pierre Brulard left in September 2025 after 16 months, and Chief Product and Technology Officer Barb Morgan, quoted in its 2025-2026 AI launches, stepped down in August 2026.
- Temenos's US footprint is growing: it opened an innovation hub in Orlando, Florida, and in July 2026 said an unnamed US regional bank selected Temenos SaaS on Microsoft Azure for one corporate banking line.
What does Temenos sell to banks?
| Product | What it does | Status |
|---|---|---|
| Temenos FCM AI Agent[6][5] | Agentic AI sanctions-screening engine that evaluates watchlist alerts in real time to cut false positives; co-created with a European tier-1 bank and deployable on-premises or in public or private cloud; an Instant Payments version followed in May 2026. | Generally available |
| Temenos Copilot for Core[11][5] | Generative-AI assistant for bank staff and product teams inside Temenos Core, launched in 2025; branch manager and branch officer personas added in May 2026. | Generally available |
| Temenos Product Manager Copilot[7] | Gen-AI assistant using Microsoft Azure OpenAI Service, embedded in Temenos Retail core banking, for designing, testing and launching products; offered within Temenos retail accounts advanced and enterprise offerings, with general availability scheduled for Q4 2025. | Announced |
| Temenos Copilot for Workbench[5][11] | Natural-language assistant that helps developers plan, build and promote code extensions to Temenos Core, with experts reviewing and approving every change; launched May 2026. | Announced |
| Conversational Studio for Digital[5] | Natural-language environment for building end-to-end digital banking journeys, launched at TCF in May 2026. | Announced |
| Temenos Explainable AI (XAI) and AI Studio[9][8][11] | Patented explainable machine-learning models, including SME and retail lending models launched as SaaS in 2020; Temenos AI Studio is described as a place to build, explain, govern and deploy AI models. | Generally available |
| Temenos Money Movement & Management[10] | Payments and account-services platform launched September 2025 with AI services such as automated payment repair, fraud detection and copilot tools, and FCM AI Agent screening. | Generally available |
How much does Temenos cost?
How it is charged: Subscription licences, SaaS and term licences, with maintenance billed separately; the 2025 annual report lists volume-based pricing aligned to banks' growth..
Temenos does not publish a price list.
- Temenos's 2025 annual report defines its revenue lines as subscription (licence and maintenance recognized separately), SaaS, term licence (on-premises, fixed term or perpetual) and maintenance, and lists 'Volume-based pricing aligned to banks' growth' in its strategy summary. No AI-module prices are disclosed. (Dec 31, 2025)[2]
- Temenos says its Product Manager Copilot is offered as part of its retail accounts 'advanced and enterprise product offerings', i.e. bundled into higher product tiers rather than priced separately in the release. (May 20, 2025)[7]
Pricing is not published; Temenos sells through sales-led licence, subscription and SaaS contracts with separate maintenance. Its filings describe the model and report ARR, but no list price or separate price for its AI copilots or agents.
Which banks use Temenos?
None of the 100 largest US banks covered on this site is publicly named as a Temenos customer as of Sep 24, 2026. Customers the company names are listed in the key points above.
Among the 100 largest US banks on this site, from sources that name the bank: the bank, Temenos or the press. Status is the furthest stage a source confirms.
What is Temenos Core Banking with embedded AI?
Temenos's core banking platform (over 950 core banking clients) now carries Temenos Copilot for Core, a generative-AI assistant launched in 2025, and in May 2026 added AI Agents, Copilots and a Conversational Studio across Core, Digital and Financial Crime Mitigation.[2][5][11]
What has Temenos done, and when?
- Jul 29, 2026
New product and technology leadership[14]
Cormac Flanagan (CPO) and Tony Coleman (CTO) take over from August 3, 2026, as Barb Morgan steps down as Chief Product and Technology Officer.
- Jul 17, 2026
- May 7, 2026
Embedded AI agents and copilots[5]
At TCF 2026 Temenos launches Conversational Studio for Digital, Copilot for Workbench, branch personas for Copilot for Core and an FCM AI Agent for Instant Payments.
- Feb 24, 2026
FY-25 results; BNPL client lost[3]
Temenos reports ARR of $860 million (up 12% constant currency) and says FY-26 guidance absorbs the termination of one buy-now-pay-later client in 2025.
- Dec 3, 2025
Spiliopoulos named CEO[13]
The board appoints Takis Spiliopoulos permanent CEO after an external search.
- Sep 29, 2025
AI-powered Money Movement & Management[10]
Temenos launches a payments and account-services platform with AI payment repair, fraud detection and copilot tools.
- Sep 4, 2025
CEO Brulard steps down[12]
Jean-Pierre Brulard leaves the CEO role with immediate effect after 16 months; CFO Takis Spiliopoulos becomes interim CEO.
- Jun 2, 2025
Multifonds sale completed[17]
Temenos completes the sale of its Multifonds fund-administration software business to Montagu Private Equity for an enterprise value of about $400 million.
- May 21, 2025
FCM AI Agent generally available[6]
Temenos launches its first AI agent, for sanctions screening, co-created with a European tier-1 bank.
- May 20, 2025
Product Manager Copilot[7]
Temenos launches a Gen-AI Product Manager Copilot built on Microsoft Azure OpenAI Service, developed with design partners including Banque Internationale à Luxembourg; GA scheduled for Q4 2025.
- May 13, 2024
Generative AI for core banking[8]
Temenos launches Generative AI solutions for Temenos Core and Financial Crime Mitigation, letting staff query bank data in natural language, alongside its Explainable AI.
- Apr 15, 2024
- Feb 15, 2024
- Apr 23, 2020
SaaS Explainable AI lending models[9]
Temenos launches patented XAI models for SME and retail loan onboarding and eligibility, saying the SME model is on average over 25% more accurate than leading credit-bureau scores (vendor-reported).
- Jan 1, 1993
What do banks use Temenos for?
| Use | What it does | Status | Use case |
|---|---|---|---|
| AI sanctions screening[6][5] | The FCM AI Agent evaluates sanctions-screening alerts against global and domestic watchlists in real time, including for instant payments, to reduce false positives. | In production | AML / KYC |
| Copilots for bank staff and product teams[7][5] | Copilot for Core and the Product Manager Copilot let staff query core data and design products in natural language. | Rolling out | Generative & agentic AI |
| Explainable AI lending models[9] | XAI models for SME and retail loan eligibility and decisions, explained in plain language to customers and regulators. | In production | Credit scoring & underwriting |
| Copilot for Workbench[5][11] | Generates code extensions to Temenos Core with human review and approval of every change. | Announced | AI-generated code & coding agents |
| AI payment repair and fraud detection[10] | AI services in Money Movement & Management for payment repair and fraud detection. | Announced | Fraud detection |
| Conversational Studio for Digital[5] | Natural-language building of digital banking journeys for customer channels. | Announced | Customer-facing chatbots |
What has Temenos disclosed in numbers?
| Metric | Value | As of |
|---|---|---|
| Core banking clients (company-reported) | over 950 core banking clients and over 600 digital clients in 150+ countries[2] | Dec 31, 2025 |
| Annual recurring revenue | $881 million, up 11% year over year in constant currency[4] | Jun 30, 2026 |
| 2025 total revenue (non-IFRS proforma) | $1,071.1 million[2] | Dec 31, 2025 |
| FCM AI Agent false-positive rate (vendor-reported) | below 2% in live deployments, against an industry average Temenos puts at 5-8%[6] | May 21, 2025 |
| Sanctions alerts automated at one Tier 1 bank (vendor-reported) | more than 20% of alerts, across hundreds of thousands of cases[5] | May 7, 2026 |
| Multifonds sale | enterprise value of about $400 million[17] | Jun 2, 2025 |
“Banks do not need AI added on top of critical systems. They need intelligence built into the products and workflows they already trust.”[5]
Barb Morgan · then Chief Product and Technology Officer, Temenos · May 7, 2026
“We are making good progress in the US, with a regional bank signed early in Q3-26 to migrate to Temenos Core on SaaS with Azure.”[4]
Takis Spiliopoulos · Chief Executive Officer and interim CFO, Temenos · Jul 22, 2026
Who runs Temenos?
Which rules apply to a bank using Temenos?
| Authority | Why it matters here | Documents |
|---|---|---|
| OCC | A core banking provider is among a bank's most critical third parties under OCC Bulletin 2023-17, and the AI copilots, XAI lending models and screening agent embedded in Temenos products are vendor models under OCC Bulletin 2026-13. | OCC Bulletin 2023-17 OCC Bulletin 2026-13 |
| Federal Reserve | A Fed-supervised bank using Temenos XAI credit models or the FCM AI Agent must validate and monitor them under SR 26-2 and manage Temenos, including its SaaS hosting on Azure, under SR 23-4. | SR 26-2 SR 23-4 |
| FinCEN | Automating sanctions and AML alert triage with the FCM AI Agent is a BSA/AML model decision; the interagency 2021 statement on BSA/AML model risk management applies to how a bank validates and documents it. | 2021 BSA/AML Model Risk Management Statement |
| CFPB | When a bank uses Temenos XAI models in consumer lending decisions, it must still give specific adverse-action reasons under ECOA/Regulation B, which is what the models' explanations are meant to support. | ECOA / Regulation B adverse action (15 U.S.C. 1691(d); 12 CFR 1002.9) |
| EU AI Act | Temenos is Swiss and sells heavily in Europe; AI used for creditworthiness assessment of individuals is high-risk under the EU AI Act, which matters for banks deploying Temenos XAI lending models in the EU. | Regulation (EU) 2024/1689 |
Linked authorities have a page in the AI Regulation Tracker; the others are named for completeness.
What should a bank note before buying Temenos?
Analysis by BankingNewsAI from the sources cited on this page. Observations, not advice or a recommendation.
01
Several AI products are newly announced
The FCM AI Agent is stated as generally available; the May 2026 copilots, agents and Conversational Studio are launch announcements, and the Product Manager Copilot's general availability was only scheduled for Q4 2025 in the source.
02
Results figures are Temenos's own
The below-2% false-positive rate, the 20%-plus alert automation at an unnamed Tier 1 bank and the XAI accuracy claims are vendor-reported, with no named customer or independent test in the sources.
03
US AI references are absent
Commerce Bank runs Temenos core banking, loan origination and FedNow payments, but no source names Commerce or any other bank on our list as using Temenos AI; Temenos's AI design partners named publicly are European.
04
Pricing is not published
Temenos discloses its licence, subscription, SaaS and maintenance model and cites volume-based pricing, and bundles at least one copilot into higher product tiers, but lists no AI prices.
05
Leadership changed repeatedly
Temenos went from an interim CEO to Jean-Pierre Brulard in May 2024, back to an interim CEO in September 2025 and to Takis Spiliopoulos in December 2025, and replaced its product and technology chief in August 2026, after a 2024 short-seller report it rejected; buyers of multi-year roadmaps may weigh that record.
What are the alternatives to Temenos?
Fiserv
Core, card and payments provider adding AI to its platforms: agentOS agents for bank workflows, AI card-fraud decisioning.
FIS
Core, digital and card-processing provider adding AI agents (an Anthropic-built AML agent), AI card-fraud tools and AI lending tools.
Jack Henry
Core, digital (Banno), payments and fraud platforms for community banks and credit unions, adding AI via Google Cloud's Gemini.
Q2
Digital banking, fraud (Centrix) and relationship-pricing platform for US banks, with an AI agent layer (Q2 Assistant) and ML fraud models.
nCino
Cloud lending and onboarding platform for banks with gen-AI (Banking Advisor), role-based AI agents (Digital Partners) and credit analytics.
Backbase
AI-native Banking OS layered over a bank's core for channels, staff and AI agents; owns Kasisto's conversational AI since June 2026.
Alkami
Digital banking, account opening (MANTL) and data-marketing platform for US banks and credit unions, with predictive AI models.
How much does Temenos cost?
Temenos does not publish pricing. Its 2025 annual report describes subscription licences, SaaS and term licences with maintenance billed separately, and lists volume-based pricing aligned to banks' growth. The Product Manager Copilot is offered within Temenos's advanced and enterprise retail accounts offerings rather than with a stated price. Prices are negotiated per contract.
What AI does Temenos offer banks?
Temenos embeds AI in its products: the FCM AI Agent for sanctions screening (generally available since May 2025, with an instant-payments version in 2026), Copilot for Core and a Product Manager Copilot built on Microsoft Azure OpenAI Service, Explainable AI lending models, and, from May 2026, Copilot for Workbench and Conversational Studio for Digital. Temenos says it embeds AI in the core rather than adding a separate layer.
Which US banks use Temenos AI?
None of the 100 largest US banks tracked on this site is named with a source as using Temenos AI. Commerce Bank uses Temenos core banking, loan origination and payments, which are not AI products. Temenos said in July 2026 that an unnamed US regional bank chose Temenos SaaS for one corporate banking line, and its named AI design partners are European banks.
Who owns Temenos?
Temenos AG is a public company listed on the SIX Swiss Exchange under TEMN and headquartered in Grand-Lancy, near Geneva. Takis Spiliopoulos has been CEO since December 2025. The company sold Multifonds to Montagu Private Equity in 2025 and bought wealth fintech additiv in July 2026.
What happened with the Hindenburg report on Temenos?
In February 2024 short seller Hindenburg Research alleged accounting irregularities at Temenos, causing the biggest drop in its shares in 15 years. Temenos's board rejected the report, and in April 2024 a special committee assisted by outside lawyers and forensic accountants found the allegations 'incorrect and misleading'. Temenos said the episode lengthened sales cycles in early 2024.
Temenos vs Fiserv: how do they differ for AI?
Both embed AI in core banking platforms. Temenos is Swiss, sells worldwide and names European design partners for its sanctions-screening agent and copilots. Fiserv is a US processor whose agentic-AI platform and US bank pilots are covered on its own page. Neither publishes AI pricing.
- Vision & Strategy | About Temenos (undated page, retrieved 2026-09-24)
- Temenos AG Annual Report and Accounts 2025
- Temenos Delivers Strong FY-25 Results and Raises FY-28 Targets
- Temenos announces Q2-26 results; FY-26 guidance reconfirmed
- Temenos Launches Embedded AI Capabilities to Help Banks Move Faster, Stay in Control, and Create Better Experiences
- Temenos launches AI Agent to transform financial crime mitigation
- Temenos launches Gen AI Copilot for banks to deliver better products faster
- Temenos launches the first Responsible Generative AI solutions for core banking
- Temenos Launches SaaS Explainable AI Models to Help Banks Support Small Businesses and Retail Customers During Covid-19 Crisis
- Temenos Launches AI-Powered Money Movement & Management Platform at Sibos
- Temenos AI | Secure, Explainable Artificial Intelligence for Banking (undated page, retrieved 2026-09-24)
- Temenos Announces CEO Transition
- Temenos appoints Takis Spiliopoulos as Chief Executive Officer
- Temenos Announces New Product and Technology Leadership Team
- Temenos acquires additiv to strengthen its Wealth proposition and accelerate AI-driven orchestration
- Temenos completes the acquisition of additiv
- Temenos completes the sale of Multifonds
- Temenos response to recent research report
- Temenos announces completion of independent examination and publication of report
- Hindenburg Report Throws Swiss Fintech Temenos Into Turmoil
- Temenos names new CEO, says sales hit by Hindenburg report
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