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TEMENOS Group AG Head Office

Temenos Headquarters SA, 2 Rue de l’Ecole-de-Chimie, CH - 1205 Geneva, Switzerland
Geneva
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ACTIS.BSP Germany GmbH Office

Einsteinstraße 2
Grosswallstadt
DE

Corporate Head Office Luxembourg Office

Odyssey Financial Technologies S.A.
Espace Kirchberg-Eolis; 26-28 rue Edward Steichen
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London, UK Office

5th Floor, 71 Fenchurch Street
London
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Hahnstraße 31-35
Frankfurt am Main
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100 High Street
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Brazil Office

Av. Roque Petroni Jr. 999-13° andar
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7, Rue des Primeurs
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London Office

46 Chancery Lane
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New York Office

2340 Harborside Plaza 5 Floor 23 185 Hudson St #100
Jersey City
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Hong Kong Office

Unit 1001, 10/F, Miramar Tower, 132 Nathan Road
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Singapore Office

6, Temasek Boulevard #21-04 Suntec Tower Four
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Paris Office

58, Rue de Châteaudun
Paris
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Frankfurt Office

Westendstrasse 28
Frankfurt
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Bangalore Office

Safina Towers Private Limited 3 Ali Asker Road
Bangalore
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Nyon Office

17, Rue des Marchandises
Nyon
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Dublin Office

7 Exchage Place IFSC
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Winnipeg Office

201 Portage Avenue, 18th Floor
Winnipeg
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Shanghai Office

Unit 6011 6th Floor 21st Century Tower 210 Century Avenue Pudong District
Shanghai
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Mumbai Office

Suite 249, Regus Business Centre Time Square Unit 1, Level 2, "B" Wing Andheri Kurla Road Andheri (E)
Mumbai
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Birmingham, AL Office

Temenos USA, 10 Inverness Center Parkway, Suite 250, Birmingham, AL 35242, USA
Birmingham
AL
US

Shanghai Office

Suite 1008, Hong Jia Tower, No.388, Fushan Road, Pudong new District, Shanghai, China 200122
Shanghai
Pudong new District
CN

Dubai Office

Temenos Middle East Ltd, Dubai Internet City, Aptec Building, EIB-03, Office # G-01, P O Box 500060, Dubai, UAE
Dubai
AE

Singapore Office

Temenos Singapore PTE LTD, 61 Robinson Road, #20-01 Robinson Centre, Singapore 068893
Singapore
SG

Telephone

44 207 423 3745

Contact

Manjinder Jaul
[email protected]
Back to all Temenos announcements

Banesco chooses Temenos to support global strategy

Temenos’ best-of-breed solutions to drive incremental revenues and improve profitability 

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it will be providing Banesco Grupo Financiero Internacional with a suite of products, including T24, Temenos’ award-winning core banking system, to support its global strategy.

Banesco, the largest bank in Venezuela, took the decision to replace its core banking system across the entire group. This replacement covers both its retail and corporate businesses, and will consolidate the bank’s existing IT infrastructure, reduce the time-to-market for new products and reduce operating costs, thus driving both incremental revenues from new products and services and improving the group’s overall profitability. As well as implementing T24, Temenos will be providing Banesco with Insight, its business intelligence solution, Temenos Connect, its solution for multi-channel banking, and with its anti-money laundering suite. The full product suite will be rolled-out across the group’s operations in Venezuela, Panama and the Dominican Republic.

With more than USD 30 Billion in assets, over 6 million customers and more than 500 branches, Banesco has, over the past six years, seen its asset base grow rapidly at a CAGR of 22%, and has recently announced a deal to acquire Spanish bank NCG Banco, as it continues to expand its international presence. 

David Arnott, CEO of Temenos, said: “We are delighted to have been chosen by Banesco to replace its core banking system. The extended suite of products we are providing will further equip Banesco with the necessary IT infrastructure to realise its multi-branch/multi-country development strategy. Our greater-than-ten-years’ experience of operations in Latin America affords us the expertise to assist Banesco in driving its growth and profitability in this dynamic and fast-growing market.”

Juan Carlos Escotet Rodríguez, Chairman of the Board of Directors of Banesco, said: “After an extensive selection process, Banesco chose Temenos due to its best-of-breed product offering, regional support and the ability to align banking processes across multiple countries. We are dedicated to meeting the needs of our customers and satisfying them through relationships based on mutual trust, ease of access and excellence in service quality. Working with Temenos will allow us to deliver the very highest levels of customer success and to deliver our global strategy.”