Geneva, Switzerland, 9 November 2010 – Temenos (SIX: TEMN), the global provider of banking software, today announced that Mark Winterburn has agreed to join as Group Product Director from early 2011. In this role, Winterburn will be responsible for leading the strategic management of Temenos’ banking solutions including product definition, product strategy and market analysis and will oversee a dedicated team of product managers. He will report to Andre Loustau, Chief Technology Officer at Temenos and will be based in the company’s London offices.
Winterburn, who has over 30 years experience across a variety of IT disciplines, joins Temenos after having been at Misys, where he held the position of VP Solutions Management and Product Development of the company’s Banking and Treasury Capital Markets division. In this role, he was responsible for creating and implementing new solution strategies for the business, the development of the company’s delivery engine and the execution of a number of new solutions to market including Misys BankFusion. Prior to this, Winterburn held a number of senior level positions at Lloyds TSB Group spanning more than fifteen years.
“This role will give me the opportunity to join the clear market leader in core banking solutions, which has the budget, capacity and geographical reach to respond to ever changing customer demands and thus set the overall technology direction for the market. T24 has garnered a reputation as the most functionally rich, technologically advanced platform available. This is reflected through the unparalleled efficiencies banks are achieving with T24, making it the de facto replacement product for legacy systems today; a strategy that we want to accelerate. We will now focus on leveraging the platform even further through unprecedented investment over the next five years to address new markets and support Temenos’ growth plans”, commented Winterburn.
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 1100 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.
“I am delighted that Mark will be joining Temenos at such an exciting time for the company and the industry as a whole. The core banking replacement market is undoubtedly returning to growth as banks strategically look to technology as the key differentiator to their long term success. Being able to offer such a broad solution suite is clearly a compelling proposition to banks that want to accelerate performance yet drive down costs; I am confident that Mark will make a significant contribution in taking T24 from strength to strength as the core platform of choice across the worldwide banking industry”, commented Andreas Andreades, CEO, Temenos.
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 1100 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.