Microsoft, Temenos Join Forces To Innovate Core Banking Solns

Temenos Group AG, a provider of integrated core banking systems, and Microsoft have announced an alliance for delivering core banking solutions with TEMENOS T24 and Microsoft SQL Server to increase the operational efficiencies of large-scale banks worldwide.

By choosing the Microsoft platform, TEMENOS T24 customers will benefit from open, modern technology to accelerate innovation, increasing the speed and effectiveness with which new products and services are created. This increased operational efficiency enables front-line staff to provide superior customer service at a lower total cost of ownership.

Temenos is seeing significant customer demand for the Microsoft platform. Already 21 banks have selected TEMENOS Insight, the business intelligence (BI) suite announced in March 2009, demonstrating strong demand for business intelligence in core banking operations. Leveraging the BI capabilities of SQL Server, TEMENOS Insight enables T24 users to analyse and track financial performance, understand customer profitability, and manage risk.

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The new agreement will see both parties collaborate more closely and commit technical, marketing and sales resources to bringing a flexible, high-performance and reliable core banking solution to market, which fully optimises the use of the Microsoft platform with T24.

“Microsoft has a long-term commitment to supporting mission-critical operations in financial services. Our alliance with Temenos provides our financial services customers a cost-effective platform on which they can build future-generation processing capabilities that meet the evolving demands of their business,” said Susan Hauser, Vice President, Worldwide Financial Services, Microsoft.

Andreas Andreades, CEO, Temenos, added, “We have observed a growing interest from our customers and prospects in deploying the Microsoft platform for their core banking operations. The recently announced T24 signing of Bank SinoPac in Taiwan, a regional bank with 4 million customers that will run the system on the Microsoft platform, illustrates this trend and provides further evidence that large retail banking operations seek to benefit from the capabilities offered by SQL Server. We are delighted to be increasing our collaboration with Microsoft and that we are able to offer all our customers – regardless of size – the benefits associated with this choice of platform.”