21 October 2017

Temenos signs first T24 client in the Dominican Republic

18 November 2008  |  6749 views  |  0 handshake

Swiss vendor Temenos has signed Dominican Republic-based The Popular Association for Savings and Loans (APAP) to its T24 core banking platform.

Supporting APAP's retail operations, T24 will be rolled out across 47 branches, serving over 800,000 customer accounts.

T24 replaces a 20 year old in-house legacy system and several other locally developed applications. The bank is installing a pre-configured version of the platform - T24 Model Bank for Retail Banking - to reduce implementation time and costs, minimise customisation and lower the project risk.

The vendor says T24 will streamline processes and operations across the business for improved information management within a SOA environment, to support the association's future product and volume growth.

APAP has also signed for Temenos Arc, a front office software product for customer retention and cross-channel selling, to support its Internet banking and operational and analytical CRM.

José Frank Almeyda, VP, operations and technology, APAP, says: "We believe that T24 will help us develop and take new products to market quickly, and increase the quality of our customer service. With our additional investment in Arc we will significantly improve our ability to cross-sell to our existing client base, as well as acquire new customers based on our new enhanced and holistic customer insight."

APAP is using Temenos Application Management services to roll out the T24 system, which will be installed by a joint team. The platform will be deployed on HP Integrity rx3600 Servers with an Oracle database and is expected to go live in 2010.

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Azerbaijan's Texnikabank signs for Temenos T24

Azerbaijan's Texnikabank signs for Temenos T24

11 November 2008  |  3796 views  |  0 comments
Temenos to trim staff worldwide

Temenos to trim staff worldwide

06 November 2008  |  13150 views  |  0 comments
Temenos swoops on Lydian Associates

Temenos swoops on Lydian Associates

03 November 2008  |  9521 views  |  0 comments
Temenos remains bullish despite hit to net profits

Temenos remains bullish despite hit to net profits

22 October 2008  |  6599 views  |  0 comments
Temenos names Mike Head global partners director

Temenos names Mike Head global partners director

19 September 2008  |  7448 views  |  0 comments
Temenos acquires Greek core banking partner Informer for $40.3m

Temenos acquires Greek core banking partner Informer for $40.3m

18 July 2008  |  13814 views  |  0 comments
Temenos to acquire Financial Objects

Temenos to acquire Financial Objects

03 July 2008  |  13580 views  |  0 comments
Temenos signs Banque Raiffeisen to T24

Temenos signs Banque Raiffeisen to T24

21 January 2008  |  6812 views  |  0 comments

Related company news

 

Related company information

Temenos – The Banking Software Company

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comvisit www.fivedegrees.nlvisit www.atos.net

Top topics

Most viewed Most shared
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
9836 views comments | 22 tweets | 26 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8917 views comments | 13 tweets | 10 linkedin
Mastercard to roll out blockchain APIMastercard to roll out blockchain API
8498 views comments | 16 tweets | 19 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
8015 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
7657 views comments | 10 tweets | 22 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job