Temenos raises full year guidance

This update from banking software giant Temenos highlights a significant shift in how lenders are upgrading their tech stacks. For retailers and operators, this is a signal that the underlying technology powering your financing programs is becoming more agile and cloud-based. Temenos reports a strong rise in recurring revenue and software-as-a-service (SaaS) adoption among banks and non-bank lenders. This means the institutions providing credit to your customers are moving away from clunky legacy systems toward modular platforms. For your business, this trend translates to faster integrations and more flexible financing products. When lenders use modern core banking software, they can launch new credit tiers or Buy Now, Pay Later (BNPL) options much quicker than before. The growth in this sector suggests that lenders are doubling down on digital transformation. They are preparing for a market where consumer credit needs to be instant, mobile-first, and embedded directly into the point of sale. While this is a corporate earnings report, it confirms that the 'plumbing' of the consumer finance industry is being modernized to support higher volumes and better user experiences at checkout.

Source: Finextra — Lending

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