Temenos named a leader among core banking vendors by leading research firm

13 February 2007

GENEVA, Switzerland – 13 February 2007 - TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems, today announced that Forrester Research has placed TEMENOS in the Leaders category in its report, The Forrester Wave™ Core Banking Suits, Q1 2007. The report also found that TEMENOS T24™, the company’s modular core banking application, received the highest score in terms of core banking functionality and installed base, with some 500 clients and 600 live sites.

The report states that TEMENOS “…offers the strongest overall core banking functionality, without particular functional weak spots. TEMENOS also scored best on international versatility: If a bank needs a strong core banking solution that can comprehensively support multiple languages and character sets in terms of presentation and storage or that needs a strong Islamic banking offering, TEMENOS is one of the core banking vendors to short-list…”

TEMENOS scored 4.78 out of 5 in the core banking category, which reviewed areas such as bank and product management, bank support, sales, and product alignment. Forrester Research also highlights that TEMENOS T24 is one of the core banking systems to choose when multi-channel support is a very strong requirement.

Forrester Research selected vendors based on qualification criteria that included a forward-looking architectural approach, sound success in 2005, global delivery capability, and banking platform and core banking commitment. It then evaluated each against 88 criteria, grouped into current offering, strategy and market presence.

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.

Andreas Andreades, CEO, TEMENOS, comments: “Having worked so hard to establish ourselves, this report is welcome recognition of our market position. With experience of working across the vertical markets, including retail, wholesale, universal and private banking, as well as Microfinance, we understand the differing needs of each. We continue to work with banks from the global tier 1s to smaller regional players, helping them benefit from our advanced technology and  professional services offering.”

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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