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Manjinder Jaul
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TEMENOS wins innovation leader award

TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems, today announced that it has won the Financial-i ‘Leaders in Innovation Awards’ for TEMENOS T24, the company’s modular core banking system.

Financial-i awards recognise banks and technology vendors shaping the delivery of business solutions in wholesale transaction banking. The criteria for selecting the winners were: product innovation over the last 12 to 18 months; cost effectiveness of solutions in terms of implementation and deployment; potential business benefits; ease of implementation and the ability to tackle specific business issues or problems. Leading analyst firms such as Gartner, Forrester, TowerGroup, Celent and Financial Insights as well as consultants covering the wholesale transaction banking space have provided feedback for Financial-i to compile the list of winning companies.

Andreas Andreades, CEO, TEMENOS, comments: “We are proud to be recognised as the innovative leader in the core banking arena. Over the past year, we have invested heavily in our pre-packaged Model Banks methodology for TEMENOS T24 in retail, universal, private and wholesale banks. We are committed to offering our customers business advantages and maximum ROI and have consistently demonstrated our ability to deliver low-risk, cost effective implementations in record time.”

TEMENOS T24 is a functionally rich, thin client, scalable, integrated, modular banking system. It is built on open service oriented architecture, and uses established technology standards such as HTTP, XML and HTML. It offers a single client view across the enterprise and can support large numbers of users with true non-stop resilience. Its fully-integrated architecture enables it to offer a significant cost advantage compared to other competing products. It offers multiple application server support and is the only system available with no end-of-day batch processing and so can genuinely boast of providing real-time 24/7 non-stop banking.

TEMENOS has an international client-base of over 500 financial institutions and continues to attract global tier 1 and regional banks as a result of its superior products, TEMENOS T24 and TEMENOS™ COREBANKING.