Temenos, a provider of banking software, has signed an agreement with IBM under which IBM will provide consulting and integration services, together with software and hardware resources, for Temenos implementations.
Building on an 11-year technology collaboration and a services relationship focused on wealth management, this new agreement combines IBM’s deep industry expertise in complex, large scale transformation programmes with Temenos’ solutions. This agreement will benefit joint clients, such as Industrial Bank of Korea and Marfin Bank, by providing them with the collective local market insight and regulatory understanding of the two companies, combined with a consistent level of service both within and across markets.
“Extending our collaboration was a natural progression to help banks address today’s economic pressures around regulation, competition and consolidation. Regulatory changes will fundamentally impact banking business models worldwide, particularly in the mature market economies of North America and much of continental Europe. With this enhanced services structure, Temenos and IBM will together help banks adopt solutions to transform business efficiency, cut costs and mitigate risk,” said Mike Head, global alliances director, Temenos.
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