NOMAD Software teams up with TEMENOS

- Alliance formed to provide end-to-end solution for banking and financial sector -

NOMAD Software, the leading European provider of innovative front end switch and card management solutions and TEMENOS Group (SWX: TEMN), a provider of integrated core banking systems has announced an alliance to offer end-to-end banking applications to banks and financial institutions across EMEA. This alliance leverages each company’s strengths to offer world-class banking solutions to organisations ranging from global tier one institutions to small regional banks.

Customers will have access to a complete suite of card payments processing applications, including card management, device management and network management solutions, with seamless, real-time integration to their core banking systems. As a result financial institutions can compete more effectively in the market place, attracting new customers through the rapid introduction of new card products, as well as being able to offer innovative services at ATM, POS terminals and Kiosks.

Andreas Andreades, Chief Executive Officer at TEMENOS said: "Our TEMENOS T24 application has, for many years, been operating effectively with the NOMAD CORTEX solution in financial institutions across the globe. This tactical alliance further strengthens our relationship with NOMAD Software, enabling us to offer clients a proven end-to-end banking solution with fully integrated card and device management capabilities."

"John Yeomans, Chief Executive of NOMAD Software, said: "We are both delighted and proud to be partnering with TEMENOS.  As a company which is present in 102 countries and has 34 offices around the world, it has rapidly established itself as an international leader in the banking software industry.  The alliance between our two companies will offer financial institutions the opportunity to offer a diverse range of innovative new card products and services which can be seamlessly integrated with their existing core banking solutions."

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