Mauritius Commercial Bank Group Ltd to offer consulting services for Temenos products across Africa and Asia Pacific region

Geneva - 4 December 2014

Temenos customer builds on product experience and certified partner status to offer bank led implementations

Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that its customer, MCB Group Ltd. (MCB) has, through its consulting arm, MCB Consulting Services Ltd. (MCB Consulting), become an accredited Temenos services partner, and will offer consulting services and lead sales initiatives across Africa and in parts of Asia Pacific on Temenos products. This makes MCB Consulting the first Temenos services partner to evolve from a bank environment that uses its software, to support the implementation of its banking peers.

Given MCB Consulting’s involvement in multiple core banking system transformation programmes, and implementations in numerous countries, this partnership will allow customers to work with a services partner who has a complete understanding of its implementation requirements. MCB Consulting currently implements and upgrades its own instances of T24 and Temenos’ business intelligence solution, Insight, across various sites of the MCB Group, adding additional expertise to the services it will be offering. Furthermore, Temenos has chosen MCB Consulting to be a member of its centre of excellence for Insight, a forum to develop product knowledge, advocate best practices and support Temenos partners in delivery.

Mauritius Commercial Bank has been a customer of Temenos since 2007, when it purchased T24, Temenos’ best-selling core banking platform*, to support its 40 branches in Mauritius and over 1 million customer accounts.

Mike Davis, Client Director of Temenos, said: “We are delighted to welcome MCB Consulting as one of our certified sales and services partners. The certification reflects the high level of expertise and professionalism demonstrated by their team. The evolution of Mauritius Commercial Bank as a customer, and the creation of MCB Consulting, is very exciting as it illustrates the autonomy that T24 offers to financial institutions that purchase it, in this case enabling them to develop their own marketable expertise in Temenos products. Furthermore, the partnership will allow us to greatly expand our reach into Africa and Asia Pacific, exploiting the local knowledge and language capabilities offered by the MCB Consulting team.”

Jean-Michel Felix, CEO of MCB Consulting Services Ltd., said: “We are pleased to have become an accredited partner of Temenos. This development is a key milestone in our partnership. We offer a unique capability in that ‘we have been there, we have seen it and we have done it’. This sets us apart from other service providers, since we have the end-user perspective in mind, which forms a key part of our integrated and holistic approach. We also bring our hands-on experience within emerging markets, which is particularly applicable to Temenos’ business strategy, both now, and in the future.”

*International Banking Systems Sales League Table 2014’

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