TEMENOS Group (SWX: TEMN), the provider of integrated banking systems, today announced that TEMENOS T24, its modular core banking system, will add support for Microsoft SQL Server 2005.
TEMENOS T24 now works with key Microsoft products and technologies running from the database back-end through to client front-end, providing customers with a greater choice of technologies for running their core banking systems. This will be available for new projects commencing from Q3 2006.
David Vander, managing director, Banking, Financial Services at Microsoft, comments: "TEMENOS' initiative to provide financial institutions with access to a full Microsoft environment further consolidates our long-term relationship with one of the leading core banking system vendors. Customers who prefer the cost, performance, and usability benefits of the Microsoft platform and products will now be able to benefit from a proven end-to-end banking system with all the features and requirements they need, such as high performance with low total cost of ownership. We believe this offering will help customers meet their needs today as well as position them for the future."
TEMENOS T24 runs on multiple platforms and TEMENOS has supported clients running on the Windows platform since 1997. Today, the system supports Microsoft Windows Server 2003 and can support the Microsoft .Net Framework, including Microsoft ASP.NET for its powerful SOA and web services deployment capabilities. In addition, customers have the option to use the TEMENOS T24 adapter for Microsoft BizTalk Server to directly leverage BizTalk's capabilities in enterprise application integration.
Microsoft SQL Server 2005, part of Windows Server System, is the complete database and analysis offering that helps deliver increased security, scalability, and availability to enterprise data and analytical applications operating in the most demanding environments, while making them easier to build, deploy, and manage.
TEMENOS T24 is a functionally rich, thin client, scalable, integrated, modular banking system. It is built on an open architecture, and uses established standards such as HTTP and XML. It offers a single client view across the enterprise and can support huge numbers of users with true non-stop resilience. It is the only system available with no end-of-day batch processing and so can genuinely boast of providing real-time 24/7 non-stop banking.
Mark Gunning, group strategy director, TEMENOS, says: "This initiative is in response to the growing popularity of the Microsoft platform and customer demand, and we've already been approached by banks wishing to take advantage of this technology. We’re committed to supporting our clients in their technology choices, and pride ourselves on our open architecture and hardware-agnostic platform. By adding Microsoft SQL Server to our stack, we can now provide a complete Windows environment."
In 2005, TEMENOS achieved US$91 million in Initial Licence Fees (ILF) signings, an increase of 47% compared to 2004 with an average deal size of US$ 2.7 million. TEMENOS continues to attract global tier 1 and regional banks as a result of its superior products, TEMENOS T24 and TEMENOS COREBANKING.