Temenos inks new T24 deal

Temenos inks new T24 deal

Swiss core banking systems vendor Temenos has signed ATF Bank, a commercial bank in Kazakhstan to its T24 platform.

T24 will replace ATF's legacy core systems and will be rolled out at the bank's head office, 18 branches and 13 sub-branches.

Temenos says the platform will enable the bank to automate principle business processes, reduce the time to market for new products and ensure it is compliant with international financial reporting standards. The system will also provide retail, corporate and treasury functionality, with local clearing and central bank returns capabilities.

Isataev Timur, chairman of the board, ATF Bank, says T24 "will allow us to centrally manage our multi-branch and multi-currency operations and meet the requirements of the National Bank of Kazakhstan".

Temenos claims its T24 platform was chosen over systems supplied by i-flex, ICICI Infotech, Financial Network Services and Misys.

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