T24 News

rsen & Toubro Infotech Ltd. has signed a definitive agreement to acquire NIELSEN+PARTNER (N+P), an independent Temenos WealthSuite specialist, headquartered in Hamburg, Germany.

N+P is a leading partner of Temenos in Europe and APAC. The company is well-recognized for its market-leading capabilities in Temenos WealthSuite, including Triple’ A Plus, Data Source and Channels. With presence in major Banking and Wealth Management hubs like Switzerland, Luxembourg, and Singapore, N+P also provides IT Consulting, digital and software engineering services to major enterprises.

Credorax, a payments company, has selected Temenos T24 Transact, deployed on the cloud, to provide SME, merchant acquiring and cross-border payment services.

The firm has created an API-centric technology ecosystem with the Temenos open banking platform running on Microsoft Azure.

Oma Savings Bank Plc is implementing a new banking platform with Temenos technology with Cognizant and at the same time sells its ownership of Oy Samlink Ab to them

Oma Savings Bank Plc (OmaSp) has today chosen Cognizant as its strategic IT partner. OmaSp sells to Cognizant Technology Solutions Finland Oy its 15.45% holding in the current IT services provider Oy Samlink Ab together with the Savings Bank Group, Aktia Bank Plc, Handelsbanken, Posti Group Plc, POP Bank Group and other minority shareholders. The completion of the transaction still requires the approval of the regulators. At the same time, OmaSp has signed an agreement with Oy Samlink Ab to develop a new banking platform based on the Temenos T24 and Temenos Payment Hub softwares, and a 10-year service agreement for production and maintenance of basic banking services. The delivery price for the banking platform is about EUR 20 million for OmaSp.

Temenos, the banking software company which has long been a proponent of APIs, has launched its a new version of its core platform T24 Transact along with a digital front end, Temenos Infinity, which can be deployed separately or together with Transact either on popular clouds or on-premise. The company calls the applications cloud-native, cloud-agnostic and said they have been certified on Microsoft Azure, AWS, Oracle Cloud or Temenos’s Software as a Service (SaaS).

Banking software company Temenos announced on Wednesday the launch of its two new cloud-native, cloud-agnostic products, Temenos Infinity and Temenos T24 Transact. According to the company, these two products are to help accelerate cloud adoption and will combine complete banking functionality in the market, leveraging 25 years of functionality from 3,000 banks in over 150 countries with the most advanced cloud-native, cloud-agnostic, API first technology and design-led thinking.

Australian challenger Volt Bank has gone live with Temenos’ T24 core banking system, financial crime mitigation and analytics on the cloud.

This will enable Volt Bank to accelerate the deployment of its banking products.

Online payments fintech firm PayPal has selected Temenos T24 Core Banking platform, the banking software provider said in a statement today.

Temenos will acquire Software-as-a-Service (SaaS) vendor Avoka for $245 million as it looks to reinforce its digital powers.

Temenos has over 300 banking clients and the Avoka platform will be integrated with its Digital Front Office product, for “omni-channel digital banking needs”.

As part of its banking licence hunt Melbourne-based challenger Judo Capital has selected Vermeg’s AgileReporter package for Australian Prudential Regulation Authority (APRA) reporting requirements.

Judo is making decent advances for its banking dreams as just last month it got a $350 million debt facility agreement with firm Credit Suisse.

First Abu Dhabi Bank (FAB), the entity created by the merger of First Gulf Bank (FGB) and National Bank of Abu Dhabi (NBAD), has gone live on Temenos’ T24 core banking system.

As reported in April 2017 from the Temenos Community Forum in Lisbon, the new platform is designed to support the bank’s conventional and Islamic banking operations across the board (retail, corporate, investment etc).