The rush to implement new digital technologies has overtaken regulatory worries as the highest priority for global banking executives, according to a new report from the Economist Intelligence Unit.
Core banking vendor Temenos is to move into the fast-growing funds admin business with a EUR235 million acquisition of Luxembourg-based Multifonds
Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it has signed a deal to provide FirstOntario Credit Union with its award-winning core banking system, T24, and its business intelligence solution, Insight. FirstOntario is one of the 20 largest credit unions in Canada, 50% of which already use Temenos' business intelligence suite.
On the day it reported a fall in fourth quarter revenues, Swiss core banking vendor Temenos has acquired US financial software provider Akcelerant for $50 million in cash.
Temenos (SIX: TEMN) and Polytech Ventures today announce the launch of Switzerland's first fintech incubator: Fusion, the Swiss Fintech Factory. Fusion will be based out of premises in the heart of Geneva and will bring together fintech start-ups from all over the world.
Temenos (SIX: TEMN), today announces a global agreement which will see the bank progressively modernise its IT infrastructure with Temenos' best-of-breed applications.
Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it has been selected to provide DNB Luxembourg (DNB) with T24, its award-winning core banking system and Temenos Connect, its multi-channel internet banking solution.
Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that it has entered into a strategic alliance with Elan Financial Services, a leader in electronic fund transfer (EFT) processing, to provide ATM and debit card processing for Temenos USA customers.
Shares in Swiss core banking vendor Temenos have slipped 18 percent after the vendor revised guidance and warned of disappointing Q4 sales.
Consolidation among domestic vendors of core banking products in North America has created a rare opportunity for international players such as Temenos, Infosys, and TCS to establish a toehold in a market forecast to be worth $3.3 billion by 2017, according to a report by Celent.
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