Temenos: Hindenburg Research

It’s funny how a lot of the practices at small scrappy software companies persist even at Temenos $X00m scale.

Sales guys selling stuff that doesn’t yet exist, doing funky deals to hit the quarters numbers, selling far too much bespoke work for a product, and very unpredictable and shoddy implementation projects once the license is sold.

Ive seen it all at small software companies, but shouldn’t a core banking system vendor have a slightly more rigorous approach.

I think Hindenburg should focus their ability to companies like Animoca and Yat like founders.