22 July 2018
Visit www.avoka.com

Temenos signs first T24 client in the Dominican Republic

18 November 2008  |  6899 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  |  3855 views  |  0 comments
Temenos to trim staff worldwide

Temenos to trim staff worldwide

06 November 2008  |  13276 views  |  0 comments
Temenos swoops on Lydian Associates

Temenos swoops on Lydian Associates

03 November 2008  |  9709 views  |  0 comments
Temenos remains bullish despite hit to net profits

Temenos remains bullish despite hit to net profits

22 October 2008  |  6656 views  |  0 comments
Temenos names Mike Head global partners director

Temenos names Mike Head global partners director

19 September 2008  |  7659 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  |  14123 views  |  0 comments
Temenos to acquire Financial Objects

Temenos to acquire Financial Objects

03 July 2008  |  14204 views  |  0 comments
Temenos signs Banque Raiffeisen to T24

Temenos signs Banque Raiffeisen to T24

21 January 2008  |  6895 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 info.nice.comVisit http://go.jumio.com/finextraAdVisit iliad-solutions.com/

Who is commenting?

Top topics

Most viewed Most shared
Calmejane quits Lloyds Bank to join SocGenCalmejane quits Lloyds Bank to join SocGen
13582 views comments | 6 tweets | 8 linkedin
Hong Kong plans September go-live for blockchain-based trade financeHong Kong plans September go-live for bloc...
11252 views comments | 9 tweets | 17 linkedin
Mastercard enlists Worldpay to push Vocalink's Pay by Bank appMastercard enlists Worldpay to push Vocali...
10116 views 19 comments | 15 tweets | 30 linkedin
IBM to test dollar-pegged 'stablecoin'IBM to test dollar-pegged 'stablecoin'
7456 views comments | 4 tweets | 14 linkedin
Bringing about new systems and faster payments globallyBringing about new systems and faster paym...
7276 views comments | 2 tweets | 7 linkedin

Featured job

Competitive base, double ote, benefits
New York, Boston, Chicago, Philadelphia, USA

Find your next job