Temenos Clients Gain Competitive Edge with Validata's AI-Powered Testing and Progressive Data Migration Capabilities
Validata Group announces the extension of their long-standing global, technology partnership agreement with Temenos to help banks and financial services organisations achieve digital experiences through AI-powered, cloud-native technology.
The massive digital transformation that banks are going through and the surge in demand for Cloud and SaaS models, builds new business opportunities as the cloud is the fundamental element for the digital change.
The two companies have been partners since 2004, and since then Validata has taken to heart the Temenos Model Bank concept and through its risk-based methodology helps clients maximise the speed of implementations, migrations and upgrades and improve time-to-market for new releases for both private, public or hybrid cloud and on-premise installations.
The new technology partnership and the shared vision between Temenos and Validata, is aimed at delivering unprecedented capabilities to Temenos clients in modernising their applications and addressing the needs brought forward by the increasing prevalence of cloud while preserving security and optimum performance. Banks will be able to innovate faster, accelerate application delivery with maximum quality, without disrupting core business processes, and adopt resilient, intelligent technology to keep up with today’s rapidly changing business needs.
Validata provides end-to-end testing across the Temenos Transact, Temenos Wealth, Temenos Infinity (incl Journey Manager, Spotlight etc.), TPH, FCM on Temenos Banking Cloud 2.1 as well as older versions, while maintaining security, resiliency and reusability to the maximum. On top of AI-powered test automation, Validata offers smart test data management, release and environment management for single, hybrid, or multi-cloud installations, eliminating lengthy provisioning times, building efficiency into the entire CI/CD pipeline and mitigating the risk of sensitive data exposure in lower-level environments.
Temenos clients will gain a unique head start, with a unified AI-powered, cloud-native platform and pre-built accelerators for all Temenos applications (Temenos Transact, Temenos Wealth, Temenos Infinity) that will help them streamline and ensure quality in all phases of their testing process: from requirements visualization, identifying and securing sensitive information, creating virtual and synthetic test data on-demand, provisioning and managing DevTest environments and copies of production databases, to instantly generating resilient, self-healing tests for end-to-end testing of the new system, ahead of go-live.
In addition, Validata’s technology supports ‘progressive’ legacy migrations for Temenos Transact, Wealth and Infinity, data integration and financial reconciliation, addressing the needs of the business, and helping to eliminate the traditional difficulties and related risks of data migration projects. It enables banks to extract, transform, load and reconcile data in real time, and its data profiling and validation capabilities ensure that migrated data is accurate and complete.
Paul Carr, Global Head of Partners at Temenos, added, “Validata and Temenos have been long standing partners and they have a state-of-the-art platform that can support Temenos clients on their end-to-end test automation and legacy migration projects. Validata is committed to good processes and methodologies that help clients build competitive advantage, accelerate the application delivery to our customers with maximum quality, and reduce business risks and costs improving time-to-market for new releases”
“The new release of our award-winning platform with generative AI capabilities enables banks using Temenos solutions to unleash the full potential of intelligent automation, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. We are not just running tests; we are redesigning experiences by embedding AI at the heart of every customer interaction to drive real-time change and deliver business agility and greater ROI. As a result, clients can expect increased productivity, a 90% improvement in test automation rates, a 50% reduction in test cycle and deployment times, and 100% coverage with synthetic data generation, doing 24 days’ worth of testing in just 24 hours, shifting from quantity to quality!” added Vaios Vaitsis, Founder and CEO at Validata Group.
“With our unique ‘progressive’ data migration capabilities for Temenos Transact, Wealth and Infinity, we can help banks streamline the migration process and reduce the risks typically associated with data migration projects, flipping the dismal conversion failure rate into high success rate.”, continued Vaios.
Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.
For more information, please visit www.temenos.com
The two companies have been partners since 2004, and since then Validata has taken to heart the Temenos Model Bank concept and through its risk-based methodology helps clients maximise the speed of implementations, migrations and upgrades and improve time-to-market for new releases for both private, public or hybrid cloud and on-premise installations.
The new technology partnership and the shared vision between Temenos and Validata, is aimed at delivering unprecedented capabilities to Temenos clients in modernising their applications and addressing the needs brought forward by the increasing prevalence of cloud while preserving security and optimum performance. Banks will be able to innovate faster, accelerate application delivery with maximum quality, without disrupting core business processes, and adopt resilient, intelligent technology to keep up with today’s rapidly changing business needs.
Validata provides end-to-end testing across the Temenos Transact, Temenos Wealth, Temenos Infinity (incl Journey Manager, Spotlight etc.), TPH, FCM on Temenos Banking Cloud 2.1 as well as older versions, while maintaining security, resiliency and reusability to the maximum. On top of AI-powered test automation, Validata offers smart test data management, release and environment management for single, hybrid, or multi-cloud installations, eliminating lengthy provisioning times, building efficiency into the entire CI/CD pipeline and mitigating the risk of sensitive data exposure in lower-level environments.
Temenos clients will gain a unique head start, with a unified AI-powered, cloud-native platform and pre-built accelerators for all Temenos applications (Temenos Transact, Temenos Wealth, Temenos Infinity) that will help them streamline and ensure quality in all phases of their testing process: from requirements visualization, identifying and securing sensitive information, creating virtual and synthetic test data on-demand, provisioning and managing DevTest environments and copies of production databases, to instantly generating resilient, self-healing tests for end-to-end testing of the new system, ahead of go-live.
In addition, Validata’s technology supports ‘progressive’ legacy migrations for Temenos Transact, Wealth and Infinity, data integration and financial reconciliation, addressing the needs of the business, and helping to eliminate the traditional difficulties and related risks of data migration projects. It enables banks to extract, transform, load and reconcile data in real time, and its data profiling and validation capabilities ensure that migrated data is accurate and complete.
Paul Carr, Global Head of Partners at Temenos, added, “Validata and Temenos have been long standing partners and they have a state-of-the-art platform that can support Temenos clients on their end-to-end test automation and legacy migration projects. Validata is committed to good processes and methodologies that help clients build competitive advantage, accelerate the application delivery to our customers with maximum quality, and reduce business risks and costs improving time-to-market for new releases”
“The new release of our award-winning platform with generative AI capabilities enables banks using Temenos solutions to unleash the full potential of intelligent automation, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. We are not just running tests; we are redesigning experiences by embedding AI at the heart of every customer interaction to drive real-time change and deliver business agility and greater ROI. As a result, clients can expect increased productivity, a 90% improvement in test automation rates, a 50% reduction in test cycle and deployment times, and 100% coverage with synthetic data generation, doing 24 days’ worth of testing in just 24 hours, shifting from quantity to quality!” added Vaios Vaitsis, Founder and CEO at Validata Group.
“With our unique ‘progressive’ data migration capabilities for Temenos Transact, Wealth and Infinity, we can help banks streamline the migration process and reduce the risks typically associated with data migration projects, flipping the dismal conversion failure rate into high success rate.”, continued Vaios.
About Temenos
Temenos is the world’s leader in banking software. Over 3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos to process both the daily transactions and client interactions of more than 500 million banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.Temenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks’ IT investment is adding tangible value to their business.
For more information, please visit www.temenos.com