Temenos has announced the launch of its Insight solution, which it says is a comprehensive, packaged business intelligence suite that empowers banking staff to make faster, fact-based decisions to strengthen customer insight, risk and compliance and performance management strategies across the enterprise. Insight is a modular, browser based application, underpinned by Microsoft’s business intelligence platform, and fully integrated with Temenos T24. The company claims that existing T24 users can deploy the system in less than eight weeks and begin to realise benefits immediately upon implementation, while minimising disruption to the existing infrastructure, services and cost base. This new offering stems from Temenos’ strategic acquisition of Lydian Associates, formerly a UK-based business intelligence software provider for the banking sector, made in November last year.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.