SIB selects Temenos T24 core banking package

SIB selects Temenos T24 core banking package

Antiguan private bank Stanford International has selected Temenos' T24 Model Bank package to replace its core systems.

The bank contracted with the Swiss vendor in July following a two-year evaluation of 80 different applications.

Juan Rodriguez-Tolentino, president, SIB, comments: "By increasing automation, reporting and STP capabilities, Temenos T24 will also enable us, and hence our clients, to benefit from a reduced time to market for new products, greater reliability through multi-server support and non-stop processing capabilities.”

T24 is a pre-configured version of the vendor's modular software application, which allows for a faster implementation.

At SIB, the system will use IBM Intel processors running Oracle database software and deployed to support over 40,000 client accounts across 127 countries.

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