Temenos (SIX: TEMN) today announced that it has earned the Trusted Cloud Provider trustmark from the Cloud Security Alliance (CSA), the world’s leading organization dedicated to defining and certifying best practices to help ensure a secure cloud computing environment.
Built upon existing CSA programs, the Trusted Cloud Provider trustmark assists customers including financial institutions in identifying cloud providers that demonstrate their commitment to holistic security and are aligned with their individual security requirements.
Temenos has been a CSA member, formally adopting and attesting for compliance with the internationally recognized CSA frameworks for Cloud, the Cloud Control Matrix (CCM) and CAIQ since 2021. With this latest recognition, Temenos has become one of only 30 technology providers globally to date, who collectively achieved the STAR Level 1, STAR Level 2 attestation and the Trusted Cloud Provider mark, joining key Temenos partners such as IBM, Microsoft and AWS.
The accreditation reflects the high security standards of Temenos’ cloud-based solutions, which are built using international security methodologies and best practices such as OWASP and SANS. Temenos creates, implements, and maintains security policies and practices that address and adhere to AICPA/SSAE18 SOC2 principles. Temenos is also certified for ISO/IEC 27001, 27017, 27018 standards. To provide for transparency on effectiveness of security measures, Temenos makes its attestation reports (SOC 1, 2, 3) and certificates available to its potential and existing customers.
Temenos customers have freedom of choice in how they deploy Temenos banking solutions. The software can be hosted on any private or public cloud, or as SaaS on Temenos Banking Cloud. As well as providing a high level of security, Temenos Banking Cloud delivers other benefits, including business agility, elasticity and scalability, while enabling banks to focus on customer-centric innovation and take advantage of new opportunities like Banking-as-a-Service, on a secure and trusted evergreen service.
Colin Jarrett, Chief Security & Risk Officer, Temenos, said: “As banks increasingly move their operations into the cloud, security is a top priority. Temenos Banking Cloud is already trusted by over 700 clients across over 30 different regulatory jurisdictions. Adding to our existing accreditations, including from ISO and SOC, this recognition from the Cloud Security Alliance further enhances Temenos’ credentials as the most secure, cloud-native platform for banks of all sizes to increase efficiency and enable innovation.”