By putting components “in front” of the Temenos Transact platform, banks can start using a componentization solution without disrupting their ability to serve existing customer requirements. However, the approach we've taken allows banks to upgrade on their own terms. Over the past few years, our teams have collaborated on a number of new, innovative component services to enhance the Temenos product family, and several banking clients are now using those components in production. Temenos and MongoDB joined forces in 2019 to investigate the path toward data in a componentized world. This new MongoDB-based infrastructure enables Temenos to rapidly innovate on its customers' behalf, while improving security, performance, and scalability. Financial institutions can embed Temenos components, like Pay-as-you-go, which delivers new functionality to their existing on-premises environments, on their own cloud deployments or through a full banking as a service experience with Temenos Transact powered by MongoDB on various cloud platforms. Temenos embraces a cloud-first, microservices-based infrastructure built with MongoDB, giving customers flexibility, while also delivering significant performance improvements. Temenos is leading the way in banking software innovation and offers a seamless experience for their client community in over 150 countries. Just ask Temenos, the world's largest financial services application provider, providing banking for more than 1.2 billion people. The combination of MACH, BIAN and composable designs enables true innovation and collaboration within the banking sector, and the introduction of cloud services makes these approaches even easier to implement. But the emergence of Fintech and pure digital players in the market paired with alternatives in technology is transforming the industry. Banking used to be a somewhat staid, hyper-conservative industry, seemingly evolving over eons.
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