GENEVA, 18 August 2010 -- Temenos (SIX: TEMN), the market leading provider of banking software, and CSC (NYSE: CSC), a leading global IT service provider today announced a strategic partnership agreement to enhance the delivery and service capabilities for Temenos core banking solutions in Germany, Austria and Switzerland. In partnership, Temenos and CSC will offer core banking solutions with a fast and cost-efficient implementation.
Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.
Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.
Christian Steinebach, Vice President of Financial Services, CSC adds: “Banks are facing the challenge of replacing their legacy systems and are under increasing pressure to consolidate and provide cost effective means of managing their core banking systems. CSC has proven methodology with local expertise which alongside Temenos’ banking software will strengthen and solidify our presence in the market and provide financial service institutions with complete, end to end delivery”.
About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit the company’s website at www.csc.com.
About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 56 offices worldwide, Temenos serves over 1000 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos is top of the IBS Sales League Table 2009; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards and ranks 26th in the American Banker top 100 FinTech companies Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.
About CSC
CSC is a global leader in providing technology-enabled solutions and services through three primary lines of business. These include Business Solutions and Services, the Managed Services Sector and the North American Public Sector. CSC’s advanced capabilities include system design and integration, information technology and business process outsourcing, applications software development, Web and application hosting, mission support and management consulting. Headquartered in Falls Church, Va., CSC has approximately 95,000 employees and reported revenue of $16.2 billion for the 12 months ended July 2, 2010. For more information, visit the company’s website at www.csc.com.
About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 56 offices worldwide, Temenos serves over 1000 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos is top of the IBS Sales League Table 2009; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards and ranks 26th in the American Banker top 100 FinTech companies Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.