When Teciem formally launched as a standalone company in early February, it marked the culmination of a process that had been several years in the making. The business, formerly Finastra’s Treasury and Capital Markets (TCM) unit, now operates independently with a singular focus: delivering mission-critical technology for treasury, capital markets, risk management and regulatory compliance.
The transaction itself was announced in May 2025, when Finastra confirmed it had entered into an agreement to sell its TCM business to Apax Partners, with the intention that the unit would be rebranded and run as a standalone organisation. At the time, Finastra positioned the sale as a way to streamline its portfolio and reinvest capital into its core banking, payments and lending franchises, while enabling TCM to accelerate its own roadmap under a dedicated ownership structure.From Teciem’s perspective, independence brings something equally important—clarity of purpose. The business now controls its own balance sheet, capital allocation and investment priorities, allowing it to align strategy, product development and customer needs more tightly than was possible within a diversified software group.
As CEO Wissam Khoury put it during a recent briefing with RegTech Insight, “by being independent, that obviously gives us full control over our business to start with… every investment we do from our P&L is tailored for our products and solutions.”
A Business Shaped by Longevity and Scale
Teciem enters this next phase from a position of stability rather than disruption. The business serves more than 340 financial institutions globally, with over 500 deployments when subsidiaries are included. Many of those relationships stretch back decades, with an average customer tenure of around 20 years.
Financially, the model is both predictable and resilient. More than 92% of revenues are recurring, typically contracted over four to five years, meaning that the majority of annual revenue is effectively secured at the start of each financial year. It is a profile that stands in contrast to many newer fintech entrants and underpins Teciem’s positioning as long-term infrastructure rather than tactical tooling.Within Finastra, TCM operated as one of four business units following a move to a BU-based operating model in mid-2022. That structure provided greater operational focus, but strategic decisions such as capital structure, balance sheet management and enterprise-wide investment priorities remained centralised.
The spin-off alters that equation. Teciem now operates as a fully independent company, wholly owned by Apax, with around 1,300 employees dedicated to treasury and capital markets technology.
According to Khoury, this scale matters. “An organisation of 1,300 is run very differently from an organisation of 8,000 employees,” he said, pointing to faster decision-making, shorter feedback loops and a greater ability to prioritise product and people.
For Apax, the transaction aligns with a long track record of investing in application software and executing corporate carve-outs. In the original deal announcement, Apax described TCM as “a robust, mission-critical platform with leading functionality and an impressive customer base,” highlighting the opportunity to invest in technology, talent and customer relationships as a standalone business.
A Deliberately Broad Portfolio
One of the defining characteristics of Teciem is the breadth of its product portfolio. On the sell side, this includes Kondor and Opics for treasury, and Summit and Sophis for capital markets. On the buy side, Fusion Invest extends coverage into investment management, supporting asset managers, insurers and pension funds.
Rather than presenting this breadth as a single, unified platform, Teciem frames it as a set of purpose-built systems designed for different operating contexts. “We have built solutions for purpose,” Khoury said. “We can cater for multi-asset classes, cross-region, with the right fit solution for a diverse client base.”
In practice, that means understanding the needs of a global investment bank trading complex derivatives differ from those of a regional treasury team or a pension fund managing long-dated liabilities. In one notable segment, around 60% of development banks worldwide rely on Summit.
Regulation as a Tailwind
Meeting the ever-evolving obligations across the regulatory jurisdictions is a key challenge for treasury and capital markets technology teams, and Teciem’s leadership is explicit about how it views that dynamic. “We love regulation,” Khoury said during the briefing. “Stronger regulation means a stronger banking system. With regulatory controls embedded in our solutions at the point of capture, we view regulatory change as a tailwind.”
Across its platforms, Teciem supports a wide range of regulatory and risk requirements, from transaction reporting under EMIR, MiFIR, SFTR and CFTC to real-time credit and market risk, asset-liability management, liquidity compliance and capital adequacy.
Beyond compliance, the company is also tracking how supervisory models themselves are evolving. Rather than purely periodic reporting, regulators are increasingly interested in access to more granular data, closer to its source. Teciem positions its platforms as enablers of that shift, simplifying internal data flows so that banks can present consistent, traceable information to supervisors.
Cloud, Modernisation and ROI
Modernisation has been a major area of investment over the past three years. Today, all Teciem solutions are described as built on cloud?native principles and ready for SaaS deployment.
For Teciem, cloud is not a simple lift-and-shift of legacy systems into hosted environments. “Cloud-native should be purposeful,” Khoury notes, “That’s why we focus on cloud tooling, containerization and deployment flexibility with Kubernetes enabling environments to be spun up and down as needed.”
A second pillar is evergreening. In a cloud-managed model, customers no longer need to plan disruptive version upgrades every few years. Instead, they remain on the latest release, reducing operational risk and freeing internal resources.
Teciem’s Client Value Team links cloud adoption to measurable business outcomes for every client migration. A detailed five-year ROI analysis that factors in implementation costs, operational savings and longer-term flexibility is undertaken and those models are then tracked post-deployment.
The company is also pragmatic about regional and regulatory readiness. While cloud adoption is accelerating, particularly in North America, Teciem continues to support on-premises and hybrid models where local regulatory frameworks or client strategies require them.
APIs, Partners and AI
Another area of sustained investment has been API exposure and extensibility. More than 70% of Teciem’s functional capabilities are now accessible via REST APIs, with over 1,000 APIs available across the portfolio.
This has enabled the development of an ecosystem of around 70 pre-integrated partners, offering complementary capabilities that can be deployed alongside Teciem platforms. For clients, this provides flexibility without undermining the core system of record.
The strategy reflects a broader shift away from monolithic platforms towards modular architectures, while retaining the stability required for mission-critical operations.
Artificial intelligence is positioned as an embedded capability with use cases covering operational efficiency, automated confirmation matching and enhancements to regulatory reporting workflows.
The emphasis is on applying AI where it can reduce friction and improve data quality, particularly in processes that are repetitive, rules-based or data-intensive. In that sense, AI is framed as an extension of the broader modernisation and simplification agenda.
Looking Ahead
For clients, the immediate message is one of continuity: the same platforms, teams and long-term commitments, now backed by a dedicated ownership structure. Over time, the more significant question will be how independence reshapes the pace and sequencing of investment across product modernisation, cloud adoption and regulatory capability.
For Teciem, that focus is clear: deepen its role at the heart of treasury and capital markets operations, while evolving its technology to meet the demands of a more data-driven, regulated and interconnected financial system. Teciem’s story is one of a mature, profitable infrastructure provider entering a new phase of investment and acceleration, supported by an owner with experience in scaling software businesses.
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