Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that Swiss private bank EFG International (EFG) has successfully completed the migration of all former BSI businesses onto EFG’s IT platform, based on the Temenos core banking system in December 2017.
EFG has been a Temenos client since 1993, and has benefited from Temenos’ packaged, integrated and easily upgradeable software solutions to migrate all businesses ahead of plan.
Mark Bagnall, Chief Technology Officer of EFG International, stated: “We completed the platform migration before year-end 2017, thanks to effective collaboration and team spirit, with Temenos playing an integral role as a highly experienced and trusted partner. Operating on a group-wide platform, we now aim to deliver the targeted synergies in 2018 and to develop our digital strategy further.”
Jean-Michel Hilsenkopf, Chief Revenue Officer, Temenos, said: “EFG International has been a long-standing Temenos customer and we are delighted that our technology can support the bank throughout its exponential growth. This project of integrating BSI on the core platform was highly complex, and was comprised of nine IT migrations globally. With the completion of this project, EFG International now has a fully aligned and centralized platform that will scale alongside the bank. We are pleased with the progress of the project and excited to support EFG International’s growth strategy, as it continues to expand and become one of the largest private banks in Switzerland.”
Contributed | what does this mean?