Banking software program firm Temenos has introduced a brand new sustainability benchmark for its cloud-native banking platform on Microsoft Azure, highlighting its effectivity in managing digital transaction calls for whereas aiding banks in attaining sustainability objectives.
The benchmark, which used Temenos Retail Enterprise Companies, simulated a consumer base of 25 million clients and 38 million accounts, processing 12 million loans on a single occasion.
This newest evaluation revealed as much as a 52 % effectivity enchancment in workload dealing with in comparison with the earlier model, showcasing advances in Temenos’ structure in the direction of better sustainability and effectivity.
From a 2021 baseline, and validated by GoCodeGreen, Temenos has lowered the carbon impression of its software program by over 50 %.
These enhancements imply much less infrastructure demand, decrease processing energy, lowered power consumption, and consequently, decrease carbon emissions.
Coupled with the sustainability efforts of companions like Microsoft, this provides vital environmental advantages for banks deploying Temenos options on public cloud or as SaaS.
A current Economist Influence examine of 300 world banking executives revealed that over half count on banks to maneuver totally to public cloud knowledge facilities throughout the subsequent 5 years.
Kalliopi Chioti
Kalliopi Chioti, Chief Advertising and ESG Officer, Temenos mentioned,
“Temenos is dedicated to serving to our shoppers attain their very own ESG targets, significantly by our cloud-native platform, enabling our shoppers to considerably scale back their carbon emissions.
Additional, with our Carbon Emissions Calculator, a free software embedded inside Temenos SaaS, we empower banks to trace their direct and oblique cloud emissions from banking actions, serving to measure progress in the direction of sustainability objectives and adjust to rising local weather rules.”
Christian Sarafidis
Christian Sarafidis, Chief Government EMEA Monetary Companies, Microsoft mentioned,
“We’re thrilled to see our collaboration with Temenos proceed to set new requirements for core banking within the cloud.
Temenos and Microsoft have a strategic relationship to fulfill the rising demand from banks for cloud and SaaS banking providers. Collectively, with our mixed experience we’re main the transition to a extra sustainable banking trade.”
