GENEVA, Switzerland, 22nd March 2010 – Temenos (SIX: TEMN), the market-leading provider of integrated core banking systems, today announced that Barclays has selected TEMENOS AML (AML) as its preferred global sanctions solution for payments screening.  AML was benchmarked against other market leading competitors and proved to be the fastest and most operationally efficient offering.  It will be deployed globally to replace existing platforms and consolidate the payments and transactions screening.
Paul Fabara, Managing Director and Global Head of Operations, Regulatory Implementation & Planning at Barclays commented, “After a rigorous technical assessment of the leading sanctions screening solutions available, the decision to select Temenos for Barclays global initiative was relatively easy”.  He further added, “The bank’s approach to global compliance is unequivocal. We want to lead by example and have found the right product to help us protect that position.”

Andreas Andreades, CEO, Temenos adds: ‘This is a very exciting time for Temenos as we enter into the AML market through the successful acquisition of Viveo. We believe that the AML market offers significant growth potential and our success in penetrating this market will prove an important factor in executing our ambitious growth plans for Temenos. We have made excellent progress integrating the product into our business model and this new signing demonstrates how we are already seizing opportunities in this growth market. The regulatory landscape and heightened enforcement actions are impacting financial institutions’ Sanctions Screening efforts and responses to money laundering, for which technology plays a vital role. Temenos now has a highly prized AML product and domain expertise, which is already used by 20 banks globally. We look forward to working with Barclays to provide it with a best in class Sanctions Screening system and expert support services as we expand our global presence in this market moving forward’.