Temenos Group, the provider of integrated core banking systems, has released version 7.0 of Temenos CoreBanking (TCB), its core banking application for large-scale retail and commercial banks.
The company has made the release available to all clients and prospects, and is shipping it to those engaged with TCB implementation projects. Firms can benefit from several improvements to TCB, including updated data models to align the system with the latest IBM Information FrameWork and FSDM standards, Temenos said in a statement.
Version 7.0 also forms the basis of Temenos’ product development for top-tier US financial institutions.
“This is an important milestone for us and positions us firmly in the top tiers of retail banking software with a truly packaged offering,” says
Greg Green, managing director of TCB at Temenos. “By making the release available to all clients and prospects simultaneously, we are adopting a strategic approach to packaged software development. We’ve also combined technologies by being able to deploy both a COBOL and Java version from a single business rules engine, a unique feature of TCB. This allows us to offer unparalleled resilience and scalability today, future-proofed through our JAVA technology offering.”