Metro Bank, the UK‟s newest retail banking market entrant in over 100 years, was awarded „Best Use of IT in Retail Banking‟ with T24. Since landing on the UK high street in July 2010, Metro Bank has garnered a strong position on the retail banking scene with its superior customer service model. As the bank‟s core platform, T24 was recognised at the Banking Technology Awards as the technology underpinning Metro Bank‟s execution of innovative, differentiating services that offer a supreme banking experience; for example, customers can walk into a Metro Bank store, open an account and walk out with their card and cheque book in their hand*.
The Banking Technology Awards reflect excellence across a range of IT activities in banking and financial services.
At the awards gala dinner at the Grosvenor House Hotel, in London, where over 350 guests from leading financial institutions and technology suppliers were present, David Bannister, editor of Banking Technology commented: “It has been a testing time for the industry but the people who keep the industry working are unsung heroes and we are delighted to pay tribute to all of our entrants and winners who work so hard and contribute so much. We congratulate Temenos and Metro Bank on their awards and look forward to following their future development in2012 and beyond”.
*Account opening conditions apply. All Metro Bank products are subject to status and approval.
-Ends-
About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,500 customers in more than 125 countries across the world. Temenos‟ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos‟ experience in over 700 implementations around the globe. 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 Metro Bank
Metro Bank was co-founded by Vernon Hill and Anthony Thomson. It is based on the successful Commerce Bank model that was established by Vernon Hill in the US in 1973. A UK management team worked with Vernon Hill to help bring this model to the UK market.
Metro Bank operates retail hours, not banking hours. It is open seven days a week (8am- 8pm Monday to Friday, 8am - 6pm Saturday, 11am - 5pm Sunday and bank holidays), every day of the year apart from Good Friday, Easter Sunday, Christmas Day and New Year‟s Day.
Metro Bank PLC. Registered in England and Wales. Company number: 6419578. Registered office: One Southampton Row,London, WC1B 5HA. „Metrobank‟ is the registered trade mark of Metro Bank PLC.
Metro Bank PLC is authorised and regulated by the Financial Services Authority (FSA) in relation to our acceptance of deposits and provision of investment and insurance services. In relation to our consumer credit business, Metro Bank PLC is licensed and regulated by the Office of Fair Trading and not by the FSA. Most relevant deposits are protected by the Financial Services Compensation Scheme. For further information about the Scheme refer to the FSCS website www.fscs.org.uk.
All Metro Bank products are subject to status and approval. Free Everyday Banking is available for start ups, switchers and clubs, societies and charities who have an annual or estimated annual turnover of less than £2m per year.
Metro Bank PLC is an independent UK bank - it is not affiliated with any other bank or organisation (including the METRO newspaper or its publishers) anywhere in the world. Please refer to Metro Bank using the full name.
For more information please visit www.temenos.com
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 22 708 14 82
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Sarah Bowman
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
This email address is being protected from spambots. You need JavaScript enabled to view it.
Claire Barry
Hudson Sandler for Temenos
T +44 (0)20 7710 8940
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Lucy Clark
Hudson Sandler for Temenos
T +44 (0)20 7710 8934
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
