Banco Sabadell rolls out Temenos' T24 in US

Banco Sabadell rolls out Temenos' T24 in US

Spanish banking group Banco Sabadell has implemented Temenos' T24 core banking platform at its Miami office to support its US private banking operations.

Geneva-based Temenos says the modular system will be used to manage the bank's 4500 clients across America from the Miami branch.

Tomas Arrieta Alberdi, foreign branches area manager, Banco Sabadell, comments: "We needed a banking system that would enable us to control the distribution and flow of data within our bank. With Temenos T24 we have all our data centralised in one single application, which eliminates manual intervention and actively assists compliance."

The UNIX-based infrastructure includes treasury, securities, trade finance, loans and deposits, mortgages, teller, MIS, asset management and payments modules and will enable the bank to send domestic transactions via the US Federal Reserve Bank, in addition to supporting its Internet banking operations.

IBM's AIX 5.2 technology was employed to support the implementation.

The Swiss vendor says the Miami deployment marks the first step in a larger international business strategy Banco Sabadell has set out on.

Andreas Andreades, CEO, Temenos, comments: "Following this success, we plan to extend our partnership with the bank to implement Temenos T24 in more of its global branches."

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