Temenos and IMTF alliance to tackle compliance and financial crime

GENEVA, Switzerland – 6 December 2006 - TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems and IMTF, a provider of IT solutions for the automation of administrative processes, today announced their alliance to deliver compliance and document management products to TEMENOS’ customers worldwide. This alliance will enable customers to benefit from one of the most advanced compliance platforms on the market and meet national and international regulatory requirements, such as the USA PATRIOT Act, Basel II and MiFID. This includes the ability to archive all documents and systems output in a secure and  compliant environment.

TEMENOS’ customers can now access the SironXX product suite, IMTF’s advanced behaviour detection platform for combating financial crime, which is released with TEMENOS T24 Model Bank, a pre-configured version of its modular core banking system to allow for a faster implementation. TEMENOS T24 allows banks to reduce the time to market for new products and cross-sell through a single customer view. The SironXX product suite manages all risks associated with compliance and financial crime, including the detection and prevention of money laundering, fraud, as well as market  abuse and insider dealing, and has the flexibility to evolve with changing regulations. Firms can also archive all output generated by TEMENOS T24 and the SironXX products in IMTF’s compliant document management solution, HYPERSUITE/5.

Regulatory requirements and international recommendations for banks in the fields of financial crime and operational risk have become increasingly complex. Risks such as money laundering, fraud and market abuse can severely damage the banks’ reputation and must be addressed quickly and effectively. Specialised tools, equipped with advanced technologies, have become essential in order to detect and track suspicious behaviours of participants including customers, employees, agents and providers. Regulations require firms to store all electronic information in a safe and secure environment for up to ten years, depending on the legislation. HYPERSUITE/5 fulfils these requirements by archiving all electronic documents and by applying technologies such as digital signatures and encryption.

Mark Büsser, president, IMTF, says: “Teaming up with the world leading provider of core banking systems is an important move for us. We can now reach out to a wider audience and help firms automate their document intensive processes. The combination of TEMENOS’ core banking expertise with IMTF’s industry leading solutions for regulatory compliance, behaviour detection and enterprise content management will give a competitive advantage to customers in the financial  service industry.”

TEMENOS T24 is a functionally rich, thin client, scalable, integrated, modular banking system. It is built on open service oriented architecture, and uses established technology  standards such as HTTP, XML and HTML. It offers a single client view across the enterprise and can support large numbers of users with true non-stop resilience. Its fully-integrated architecture enables it to offer a significant cost advantage compared to other competing products. It offers multiple application server support and 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, adds: ”The partnership with IMTF adds important value to the TEMENOS offering and fits with our strategy of offering the most complete and flexible systems to our customers. The feedback from customers is that they are facing increasing challenges in the area of compliance, so we searched for a product that could address numerous risks beyond just the traditional anti-money laundering. EFG International and Bank of East Asia are already benefiting from the IMTF products, which they are using alongside their existing TEMENOS T24 system, and are pleased with the flexibility and functionality they provide.”

TEMENOS has an international client-base of over 500 financial institutions and continues to attract global tier 1 and regional banks as a result of its superior products, TEMENOS T24 and TEMENOS™ COREBANKING.

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About IMTF
IMTF was founded in 1987 with headquarters in Fribourg/Switzerland. For more than 19 years we have focused on the Compliance and Document Management domain offering innovating solutions at the bleeding edge of technology and responding to business requirements in a timely and accurate manner. Today, IMTF is represented throughout Europe by its subsidiaries in Austria, Germany, UK and Ireland in addition to representatives elsewhere in the world. We have more than 200 business and IT experts available for projects. Together with our partners we provide a powerful service network across the world, which enables us to establish long-term partnerships with our customers. Already more than 600 banks in more than 50 countries have implemented our Compliance Solutions and trust IMTF’s services and expertise.

About Temenos
Founded in 1993, Temenos Group AG is a provider of integrated modular core banking systems to over 590 financial institutions in 110 countries worldwide. Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximize returns while streamlining costs. Whether providing 24/7 functionality to the wholesale, retail and private or universal banking sectors, partnering with central banks on core system replacement, or working with the World Bank on solutions for the emerging markets, Temenos knows banking. The company has a transparent approach to its operations and brings to bear its experience, expertise, commitment and professionalism on every project. Headquartered in Geneva, Switzerland, the company has 43 offices in 33 countries and is listed on the main segment of the SWX Swiss Exchange (TEMN). For more information please visit www.temenos.com

For more information, contact:

Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: mchuard@temenos.com

Ben Robinson
Temenos Investor Relations Manager
Tel: +44 (0) 207 290 3012
Email: brobinson@temenos.com

Bianca Morgan
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: bmorgan@temenos.com

Chris Patmore
Team 660
Metia for TEMENOS
Tel: +44 (0) 20 3100 3596
Email: chris.patmore@metia.com