T24 News
Commercial Bank of Africa implements Temenos Treasury Trader
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Temenos Group AG : Leading African Bank Transforms FX Operations with Temenos
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Temenos and IBM Sign Global Agreement
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GENEVA, Switzerland – 1st December 2011 Temenos (SIX: TEMN), a market leading provider of banking software and IBM today announce an agreement under which IBM will provide consulting and integration services together with software and hardware resources for Temenos implementations. Building on an 11 year technology collaboration and a services relationship focused on wealth management, this new agreement combines IBM’s deep industry expertise in complex, large scale transformation programmes with Temenos’ proven, market leading solutions. This agreement will benefit joint clients such as Industrial Bank of Korea and Marfin Bank by providing them with the collective local market insight and regulatory understanding of the two companies, combined with aconsistent level of service both within and across markets.
Temenos Bolsters Customer Service Group With Appointment Of New Leader
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GENEVA, Switzerland – 1st December 2011 - Temenos (SIX: TEMN), the market leading provider of banking software, today announced the appointment of former SAP executive Dr Bernd-Michael Rumpf as Global Head of Temenos’ Customer Services Group (CSG), reporting to Guy Dubois, Chief Executive Officer. Bernd-Michael will be responsible for consulting, implementation, custom development, support and customer education services to ensure together with its partners, Temenos delivers customer success. Under the leadership of Guy Dubois, the CSG forms a strategic part of the company’s customer centric business model.
K-Rep Bank migrates to T24 with Sofgen
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Temenos Showcases Record-Breaking Performance Results
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Highest scalability results to date; confirms high performance, low TCO technology option for large banks
GENEVA — 17 November 2011 —Temenos (SIX: TEMN), a global provider of banking software, today showcased record-breaking results of a TEMENOS T24 (T24) performance benchmark, proving scale of support and cost efficiency for large banks. Conducted in September 2011, at the Microsoft Platform Adoption Center in Redmond, Washington, the tests measured the high-end performance and scalability of T24 R12 on a pre-release version of Microsoft SQL Server 2012. The standardised benchmark reflected tier 1 retail banking activity volumes of 25 million accounts, 15 million customers across 2,000 branches.
Temenos And Metro Bank Win Industry Leading Awards With T24
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Temenos 2010-2011 Share Buy Back Plan Ends
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This share buy back plan was launched on the 16th of November 2010 to support the conversion process of its convertible bond which was redeemed on December 17th, 2010. Under the terms of the share buy back plan,Temenos had approval to buy back up to six million shares until the 15th of November 2011.
LarrainVial To Centralise Operations with T24
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In order to better respond to its clients’ increasingly sophisticated needs, LarrainVial needed a new core banking system that was able to support both its domestic and new international products and services from one platform.This will enable the company to increase its business agility by delivering a single enterprise view to rapidly offer a broad range of highly personalized services, as well as reduce systems complexity and associated costs.
After considering local vendors, LarrainVial chose Temenos based on the functional richness and product superiority of its internationally acclaimed T24 system and the geographical and operational diversity of its 1,500 strong installed base. Temenos’ industry leading levels of R&D investment showed LarrainVial its commitment to product development and support. In addition, Temenos stood out as the only vendor with 100% positive client references, compared to other vendors evaluated.
“When considering how to best grow our business and support our clients, we knew we needed a technically robust and functionally rich core banking system. We had already made significant investments to update our technology;T24 was the only system that matched our sophisticated technical architecture,” said Juan Luis Correa,LarrainVial’s COO. Jorge Verdejo, LarrainVial´s CPO added: “We took into account the feedback and satisfaction of Temenos’ clients”, he said.
Temenos Wins Prestigious Private Banking Award
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The PBI awards, which reflect excellence across a range of private banking categories, are regarded as the most credible in the industry, voted by and for the industry. Temenos beat off competition from Avaloq and CAIS Funds for the accolade.
At the PBI awards gala dinner in Singapore where over 190 guests from leading private banking institutions were present, Nicholas Moody, editor of PBI commented: “Temenos’ acquisition of Odyssey last year has created a significant force in private banking technology providers. Its combination of core back office functionality and portfolio management software gives a front-to-back solution that is used by an estimated 120 clients globally. Its wealth practice now makes up almost a quarter of Temenos’ revenue as it looks to harness the estimated 25% growth in the private wealth software market in the next two years. The fact that it continues to sign on clients, including EFG and Bankhaus Main, indicates its strong market position.”
Following its acquisition of Odyssey Financial Technologies in 2010, Temenos has enjoyed many successes in private wealth management; this award is testament to this. So far in 2011, Temenos has had 10 new wealth management organisations licence its products and has taken 14 banks into live operation. Jean-Michel Hilsenkopf, Director, Temenos Private Wealth Management, commented: “We are delighted to be adding such a prestigious award to our industry accolades. Coupled with the significant success we’ve had in the area of private wealth management this year, this award highlights how successfully our acquisition of Odyssey has been integrated into the Temenos portfolio, as well as positioning Temenos as the private banking software specialist of choice across the globe today. Temenos is committed to providing private banks with the best in class solutions required to respond to today’s ever changing, increasingly complex market requirements. We look forward to building on our success by continuing to evolve our offerings to help private banks do business better”. -Ends -