T24 News

New Variable Pricing Model to Cater to a Rapidly Growing Segment of Banks

Bangalore, India / GENEVA, Switzerland – 19th April 2011 - Temenos (SIX: TEMN), the market-leading provider of banking software and Wipro Technologies, the global Information Technology, Consulting and Outsourcing business of Wipro Limited (NYSE:WIT), have entered into a strategic agreement to deliver core banking on an Application Service Provider (ASP) model to European banks. Under this agreement, Wipro will provide banks with a solution based on Temenos’ best-selling TEMENOS T24 (T24) core banking solution, accessed over the internet and charged based on a per use or monthly fee.

Temenos Tops Leading Analyst Report for International Retail Core Systems

T24 recommended for banking technology shortlists

GENEVA, Switzerland – 28 March 2011 - Temenos (SIX: TEMN), the global provider of banking software, today announced that it has been positioned in the „shortlist? category by Ovum in its Solution Guide to International Retail Core Systems report.

Ovum evaluated a pool of banking technology vendors based on an analysis of market impact, strength of product functionality and technology capability. Describing the calibre of the three vendors included in the shortlist category, the report states: “This category represents the leading solutions that we believe are worthy of a place on most technology selection shortlists. The vendor has established a commanding market position with a complete offering to address overall market requirements with strong technology capability”.

TEMENOS T24 ranked International Best Selling Core Banking solution of 2010

Temenos tops IBS Sales League Table for fourth consecutive year

GENEVA, Switzerland, 9th March 2011 – Temenos Group (SIX: TEMN), the market-leading provider of integrated core banking systems, today announced that TEMENOS T24 (T24) secured the title of International Best Selling Core Banking solution in the IBS Intelligence Sales League Table 2011 (results for Jan-Dec 2010). This latest result confirms T24 as best-selling core banking platform in the league table for the fourth consecutive year, in which Temenos has maintained one of the top two positions for over a decade.

T24 first core banking system to go into production with clients on Windows Azure

GENEVA, Switzerland – 7th February 2011 - Temenos (SIX: TEMN), the global provider of banking software, today announced the availability of TEMENOS T24 (T24) on the Microsoft Windows Azure platform, making T24 the first core banking system to go into production with customers on Azure. This technological development builds on Temenos’ experience of core systems applications in hosted environments and will offer far reaching operational and financial gains to certain banking markets across the globe.

GENEVA, Switzerland – 27 January 2011 - Temenos (SIX: TEMN), the global provider of banking software, today announced that Afribank Nigeria Plc, a leading retail banking institution in Nigeria, has upgraded its entire operational infrastructure with TEMENOS T24 (T24), across its 222 branches. The bank had been running its operations on Globus, Temenos’ previous core banking offering, since 2001 before opting to upgrade to T24 in February 2010 following a rigorous evaluation in which solutions from Infosys and Oracle were also assessed.Afribank embarked on the upgrade in response to wide spread market change in the Nigerian banking market, including increased regulatory requirements and demand for electronic banking products.

Strong regulatory support and business parameterization key differentiators for Temenos

Strong regulatory support and business parameterization key differentiators for Temenos

GENEVA, Switzerland – 5 January 2011 - Temenos (SIX: TEMN), the global provider of banking software, today announced that Forrester Research, Inc. has again named Temenos and its T24 core banking platform a leader in its December 2010 report, The Forrester Wave™ Global Banking Platforms, Q4 2010. Temenos has maintained its leadership position in the report since 2007.

Temenos strengthens foothold in Canada with latest signing:

GENEVA, Switzerland – 18 January 2011 - Temenos (SIX: TEMN), the global provider of banking software, today announced that Vancity will replace its core banking systems with TEMENOS T24 (T24) to improve service capabilities and enhance the retail experience of its strong member base. Vancity signed a contract with Temenos in December 2010.

GENEVA, Switzerland – 22 November 2010 - Temenos (SIX: TEMN), the global provider of banking software, has won the „Leader of the Pack‟ award by Aite Group in its latest report on global core banking systems. In the same report, TEMENOS T24 (T24) was also credited with the award for „Best User Interface‟. The report, which evaluated ten leading core banking vendors, credited a total of four awards, two of which went to Temenos.

GENEVA, Switzerland, 18 November 2010 - Temenos (SIX: TEMN), the global provider of banking software, is pleased to announce that it has won for the fourth year running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards for its packaged core banking software TEMENOS T24 (T24).

The Banking Technology Awards reflect excellence across a range of IT activities in banking and financial services. More than 700 votes were cast for The Readers’ Choice Awards and T24 was recognised as the best core banking system in the global market place.

Geneva, Switzerland, 16 November 2010 – Temenos (SIX: TEMN), announces today that it is exercising its right to call for an early redemption of the CHF 132,250,000 1.5% Convertible Bonds due 2013, issued by Temenos SA, Luxembourg. The redemption date will be 17 December 2010.

Of the originally issued CHF 132.25 million, bonds in an aggregate principal amount of CHF 132.22 million are currently outstanding. Based on the terms of the bonds, the redemption price will be CHF 5,561.07 per each bond of CHF 5,000 principal amount (being 111.221% of such principal amount).