T24 News

Temenos gains fifth core banking system taker in Ethiopia

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T24 News
Nib International Bank (NIB) has become the latest bank in Ethiopia to sign for Temenos' T24 core banking system. According to the bank's announcement, Temenos won over Oracle FSS, Delta Informatique, Misys, Neptune Software and Infrasoft Technologies. The latter vendor, however, is believed to have recently bagged a core banking system modernisation contract with NIB's rival, Bunna International Bank.

Nib Bank Sides with Temenos for CORE Banking

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T24 News
The Swiss-based software developer and vendor, Temenos Group AG, appears to be marching undeterred towards dominating the market of the Ethiopian banking industry. It now has Nib International Bank (NIB), one of the last remaining banks not interfaced with the central bank’s National Payment System (NPS), as its latest client, the fourth bank to select Temenos for its installation of upgraded centralised, online, real-time, electronic (CORE) banking solutions.

MICROCAPITAL BRIEF: K-Rep Bank of Kenya Spends $600k on Temenos IT System to Integrate Branch Data

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T24 News
K-Rep Bank, a Kenyan commercial bank focused on providing services to poor people, has spent an estimated KES 50 million (USD 582,000) to upgrade to a software system from Switzerland’s Temenos called “T24 for Microfinance and Community Banking” [1].  The upgraded system integrates all K-Rep branches, whereas each branch operated as a separate entity previously. In addition, the bank will be able to offer customers improved loan statements, transaction records and mobile banking services, such as integration of customer accounts with customer mobile phones [1].  Details on the upgrade of mobile services are unavailable.  According to the US-based NGO Microfinance Information Exchange, K-Rep Bank had a gross loan portfolio of USD 74.2 million, USD 95.0 million in assets, 0.68% ROA, 4.42% ROE, and 65,073 active borrowers in 2010.

Temenos disowens 'illegal withdraws' at National Bank of Malawi

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T24 News
T-24 manufacturer, Temenos, has denied categorically that its system is the cause for illegal money withdraws at National Bank of Malawi.

K-Rep steps up retail banking services with IT system upgrade

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T24 News
K-Rep Bank’s transformation from a microfinance lender to a commercial bank has received a boost with the upgrading of its IT system to enable it offer more mobile banking products and generate detailed transaction reports for retail customers.

QLD Treasury Corp drops $15m finance software

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T24 News
The Queensland Treasury Corporation has dumped the core banking technology that was to have underpinned its Onlending and Investment Administration (OLIA) system project

Financial Advisors To Cash In On New Release Of WealthManager

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T24 News
Wealth Management firms to benefit from enhanced client reporting and data aggregation

GENEVA, Switzerland – 11 January 2012 – Temenos (SIX: TEMN), the market leading provider of banking software, today showcases the latest version of WealthManager, an industry leading front-office platform designed to deliver a holistic approach to wealth management.

Temenos Announces Resignation of Mark Austen from its Board of Directors

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T24 News
Geneva, Switzerland, 9th January 2012 – Temenos Group AG (SIX: TEMN), the market leading provider of core banking solutions, today announced the resignation of Mr Mark Austen as a member of the Board of Directors of Temenos Group AG with immediate effect.

Tomorrow's Great Customer Experience Is Built on Today's Efficiency

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T24 News
Even as banks contend with intensifying regulatory demands, ongoing world economic woes and only moderately larger budgets, they will be challenged to innovate in order to meet customers' evolving demands. A key to enabling the IT advances necessary to remain competitive lies in finding ways to drive down operational costs in order to free up resources for new projects that enhance delivery channels and improve the customer experience, according to members of Bank Systems & Technology's Reader Advisory Board.

Temenos Announces Proposed Changes to its Board of Directors

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T24 News
Geneva, Switzerland, 23rd December 2011 – Temenos Group AG (SIX: TEMN), the market leading provider of core banking solutions, today announced proposed changes to its Board of
Directors.

  1. Commercial Bank of Africa implements Temenos Treasury Trader
  2. Temenos Group AG : Leading African Bank Transforms FX Operations with Temenos
  3. Temenos and IBM Sign Global Agreement
  4. Temenos Bolsters Customer Service Group With Appointment Of New Leader
  5. K-Rep Bank migrates to T24 with Sofgen
  6. Temenos Showcases Record-Breaking Performance Results
  7. Temenos And Metro Bank Win Industry Leading Awards With T24
  8. Temenos 2010-2011 Share Buy Back Plan Ends
  9. LarrainVial To Centralise Operations with T24
  10. Temenos Wins Prestigious Private Banking Award