Temenos sets new benchmark for scalability of AI-powered banking with Microsoft

Core Insights - Temenos announced record-setting benchmark results for its cloud-native core banking solutions on Microsoft Azure, showcasing speed, efficiency, and scalability for modern AI-powered banking [1][2] - The benchmark simulated a bank with 25 million customers and 50 million accounts, processing 16,600 transactions per second while handling additional AI workloads [3] - The latest technology demonstrated over 40% improvement in efficiency compared to the previous year's benchmark, thanks to advancements in architecture and Microsoft Azure Cobalt 100 ARM processors [4] Technology and Performance - Temenos' banking solutions can process large volumes of transactions and data quickly and securely, using less hardware, which helps banks scale on demand while maintaining peak performance [5] - The benchmark also tested banking APIs through Microsoft Open AI Service interfaces to ensure readiness for future AI and Gen AI demands [5] Industry Trends - A Hanover Research survey indicated that 75% of banks are exploring Generative AI deployment, with 82% investing in technology to enhance operating efficiency [6] - Among banks already deploying or exploring Generative AI, 43% plan to increase their investment in the technology this year compared to last year [6] Expert Commentary - Industry experts emphasized the critical need for flexible and scalable core systems as banks adopt new technologies like Generative AI, highlighting the potential of Temenos' solutions to support high transaction volumes while managing infrastructure efficiency [7] - Temenos' commitment to cloud and SaaS technology is underscored by the benchmark results, which demonstrate the speed and scalability required for the next generation of banking [7] - The collaboration between Microsoft and Temenos is seen as a strategic move to enhance core banking capabilities in the cloud, aiming to transform customer experiences and drive innovation [7]