New Zealand bank TSB has gone live with Temenos Infinity for online account opening and onboarding in just nine weeks, reports Sharon Kimathi of Fintech Futures (Finovate’s sister publication).

Included in the short implementation period was an API-based connectivity for workflow integration directly with TSB’s existing Microsoft Dynamics’ client relationship management (CRM) system.

It now provides applicants with the option to “save and resume,” returning to an application later, on any channel, without the need to start over.

Hamish Archer, TSB general manager – technology said: “We want more Kiwis to experience our world-class service, so we’re excited to use technologies like this which work seamlessly alongside our people, who genuinely care about doing the best for our customers.”

Martin Frick, managing director – APAC, Temenos, said: “We are delighted that TSB has chosen Temenos to power its growth, and that they are already starting to see results from the implementation.”

Since going live, Temenos Infinity has shortened the time needed to complete customer applications and insert the completed digital application directly into the TSB back office process.

Temenos was founded 1993, and is based in Geneva, Switzerland. The company demonstrated its Connect Mobile Banking solution at FinovateEurope 2015. Later that year, the company participated in our developers conference, FinDEVr Silicon Valley, presenting its B2B Financial Apps Marketplace.

ABN Amro has gone live with Temenos’ WealthSuite in a first site as it seeks to roll out the digital platform for its international wealth and corporate banking, reports Martin Whybrow of Fintech Futures (Finovate’s sister publication).

The project marks a shift by the Dutch bank to a single platform, with the aim of reducing IT operational costs and achieving an improved cost/income ratio.

The first international branch to go live with the system will be in Belgium, with another two countries lined up for implementation in the next multi-year phase. Temenos’ long-standing partner, Cognizant, is providing consulting and system integration services for the project.

ABN Amro is a long-term customer of Temenos. The T24 core banking platform was taken for its corporate banking activities in 2009 and is now live in nine countries. The bank was also a pioneer for Temenos’ Payments solution. It also selected the Temenos Continuous Deployment product to speed up its software delivery and rapidly launch new innovations.

Friso Westra, head of IT development core banking international at ABN Amro, said: “We selected Temenos as our technology partner to future-proof the ongoing growth of our private bank”.

Westra has been working closely with Temenos and their implementation partner, Cognizant. “We experienced a smooth go-live with Temenos WealthSuite [and] we are confident of achieving our ambition in offering the most innovative wealth management products and services in the industry,” added Westra.

Temenos WealthSuite provides multi-channel, 24/7 real-time capability to support wealth managers in delivering client services, while automating compliance and back office functions. Temenos claims WealthSuite currently helps advisors manage $12 trillion assets under management.

Temenos demonstrated its technology at FinovateEurope 2015, presenting its Connect Mobile Banking solution. The company also participated in our developers conference, FinDEVr Silicon Valley, later that year, discussing its B2B Financial Apps Marketplace. Founded in 1993, Temenos is headquartered in Geneva, Switzerland.

Eurobank Group is to overhaul its core and digital banking with Temenos’ T24 Transact and T24 Infinity, reports Martin Whybrow of Fintech Futures (Finovate’s sister publication).

The project will cover the group’s international operations. It will start in Cyprus, with the intention of swiftly moving on to Eurobank Private Bank Luxemburg, with Eurobank Bulgaria AD (Postbank) and Eurobank AD Beograd (Serbia) also on the roadmap.

The project comprises a full IT renovation program. The bank has also taken Temenos’ WealthSuite for Cyprus and Luxembourg, with the aim of reducing time-to-market for new products and services and improving automation of its private banking operations.

Also in the mix is Temenos Analytics to support Eurobank’s marketing campaigns. Development tools, which will use the T24 APIs, are intended to speed up building and deploying applications around the core.

In terms of the initial project in Cyprus, Stavros Ioannou, deputy CEO and group COO, Eurobank, said: “We look forward to this cooperation, as this is the first stage in the wider implementation of Temenos banking software across the group.” He described the project as supporting the bank’s “vital digital transformation journey” which is intended to shape “advanced relationships” and provide customers with “high quality service and a vast variety of innovative and tailor made products.”

The bank currently uses a range of legacy international and Greek packages, including Oracle FSS’s Flexcube in Serbia and CSoft’s VCSBank++ in Bulgaria, FinTech Futures understands. The holding group is Greece-based EFG Eurobank Ergasias.

Founded in 1993 and headquartered in Geneva, Switzerland, Temenos participated in our developers conference, FinDEVr Silicon Valley, in 2015. The company is also an alum of our Finovate conferences, demonstrating its Connect Mobile Banking solution at FinovateEurope – also in 2015.

In other Temenos news, the company announced a partnership with Pakistan-based Bank of Khyber, which will also deploy Temenos’ T24 Transact and Infinity solutions.

National Data Consultants (NDC), Temenos’ partner in the region, was selected as the system integrator for the project.

Government-owned Bank of Khyber embarked on new core banking software search in 2018, as reported by FinTech Futures, looking for new tech to support its network of 166 domestic branches (including 84 Islamic banking branches).

Temenos and NDC were selected “after a thorough due diligence process,” according to Muhammad Azfar Latif, CIO, Bank of Khyber.

“We hope to turn this bank as a model for other industry players locally and internationally,” he said.

Saif Ul Islam, MD and CEO, Bank of Khyber, believes the new technology will enable the bank “to have a strong footing on the digital platforms.” It also meets “the bank’s strategic long-term plans in increasing operational efficiency,” he added.

Jean-Paul Mergeai, MD, Temenos Middle East and Africa, said Bank of Khyber has become the thirteenth bank in Pakistan to join the vendor’s client list. Other T24 Transact users in the country include Khushhali Bank, State Bank of Pakistan, Silkbank, Soneri Bank, and Meezan Bank.