Hindenburg Research, known for its short-selling attacks, has set its sights on Temenos AG, a Swiss-listed banking software developer. With a market capitalization of approximately $7.5 billion and a reported revenue of $1 billion in 2023, Temenos boasts a global client base of 3,000 customers. However, the Hindenburg report, including whistleblower information and interviews with former Temenos employees, has unearthed serious concerns about the company's accounting practices.