Temenos, the provider of integrated core banking systems, and IBM announce an extension of their global strategic alliance with the launch of the Java version of Temenos CoreBanking (TCB) and T24 for IBMs System z server.
The new offerings will enhance the adaptability of current technology infrastructures of many tier one and two banks. After more than 30 years of IT development and evolution on all platforms, banks are faced with hugely complex, disparate and unsustainable systems that provide limited ability to reduce operational costs or increase flexibility and revenues through product innovation or improved customer service. In todays highly competitive environment, banks need to simplify and consolidate multiple line-of-business applications to drive down their cost structure and achieve the many benefits to be gained from delivering a consistent customer experience.
In response, Temenos and IBM have outlined two approaches — through the launch of the Java version of TCB and T24 for IBM System z to enable large scale retail banking operations to implement core system modernisation and replacement strategies. The Java version of TCB offers banks a retail core banking solution based on Temenos proven retail banking system, TCB, the IBM Banking Industry Framework and IBMs System z. It is available as a platform for larger banks who prefer in house development to build upon and create a solution highly customised to their requirements and environment. T24, the worlds most popular banking system, is now also available on IBMs System z servers, benefiting from the powerful scalability and reliability of this platform.T24 benefits from market leading levels of investment by Temenos and offers a clear future upgrade path. T24 is SOA Connect certified by IBM. Both offerings have recently undergone technical and performance validation by Temenos and IBM engineers, to confirm their suitability for the largest tier one and two retail banking operations.
TCB enables progressive core system modernisation by implementing an enterprise customer and product management system, built on IBMs Banking Process and Service Models. This provides a complete view of a customers financial relationship with the bank, including products such as credit cards, insurance, securities, etc. This 360 degree customer view is exposed to all service delivery channels, giving all bank staff access to the same customer information. Comprehensive customer details ensure a consistent level of service and allow bank staff to tailor offerings appropriate to the customers needs and relationship with the bank.
IBM and Temenos carried out extensive testing of TCB components and validated their successful operation and performance in a Java environment. The testing environment and transaction mix was designed to reflect a real-world large scale retail banking scenario running a representative mix of different transaction types. The database modelled a bank with over four million customer accounts. The tests were carried out at IBMs Hursley lab in the UK – Europe’s largest software development lab – and IBMs Poughkeepsie benchmark centre in the USA.
Measured transaction rates for the new Java implementation of TCB exceeded expectations. A steady 5,500 transactions per second (tps) was achieved for the representative mix of transactions on a 32-way z10 LPAR with 64GB of memory. A simpler enquiry workload achieved 11,500 tps.
D.C.