TEMENOS T24 (T24) is recognized two years running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards.
The service offered by TEMENOS, the provider of integrated core banking systems, represents packaged core banking software that provides banks with unparalleled richness in functionality on an integrated, service orientated architecture with support from front to back office.
T24 Model Bank includes pre-configured, industry best practices for each banking sector, enabling banks to optimize operations and processes while remaining agile, flexible and responsive to business change. Its highly automated implementation approach delivers short implementations with a rapid and measurable return on investment. Fully integrated CRM and business intelligence capabilities provide a high degree of customer intimacy and a clear and deep understanding of the enterprise including its risk and performance. Its scalability, as underlined by recently reported Temenos/IBM performance tests, means T24 is capable of servicing of banks ranging from small to up to 25million accounts.
The product is fully adjusted to standard SOAP (Simple Object Access Protocol) web services, BPEL process execution and Service Orientated Architecture (SOA). It provides a full front-to-back application from electronic delivery channels such as mobile devices and internet banking right through to settlement, general ledger and other back office functions.
Temenos invests approximately 20% of revenues in research and development, significantly ahead of our peers, ensuring that T24 remains at the pinnacle of the core banking market, says Andreas Andreades, CEO, Temenos. Our packaging approach ensures that we derive maximum return from our R&D investment, enabling us to deliver superior functionality, immense scalability and lower cost of ownership for our clients, eliminating any technology obsolescence risk”.
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