Temenos and FE-Mobile partner to launch mobile banking "through Temenos ARC"
17 September 2007
Geneva and Washington – 17 September 2007- At the Next Generation Access to Finance conference in Washington, Temenos Group (SWX: TEMN), the provider of integrated core banking systems, and FE-Mobile, the provider of mobile banking applications, today announced their partnership to deliver mobile banking functionality within TEMENOS ARC (ARC), Temenos T24’s (T24) integral front-office suite. Mobile banking functionality will be also offered as part of Temenos eMerge™, the pre-configured ‘bank in a box’, specifically designed for microfinance and emerging markets.
ARC delivers a complete suite of front-office functionality, including multi-channel banking, operational and analytical CRM and workflow processing tools. Through this partnership, FE-Mobile’s SecureLink™ technology will interface with ARC, enabling banks to implement easy-to-use, differentiated mobile banking services, providing increased multi-channel capability. FE-Mobile’s technology includes handset software deployed at installation and at server component level. This secures the handset, protects the link and validates the endpoints for every message exchanged.
Phil Sorrell, CEO, FE-Mobile, says: “With market changing rapidly, banks need robust and efficient multi-channel solutions, especially in countries where mobile phones may be the only reliable method of communication. Together, Temenos and FE-Mobile will enable banks to quickly launch highly secure, rich in functionality mobile banking services, while removing risks and complexity of software integration.”
T24 is a functionally rich, thin client, scalable, integrated, modular banking system. It is built on open system principles 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, comments: “When we set out to offer a new mobile banking solution, we knew that we wanted to deliver something that surpassed the existing products in the market. Partnering with FE-Mobile provides our clients with a solution that uses state of the art and best-of-breed security, delivers rich functionality, both online and offline in real-time and on the widest range of handsets. This compares to most solutions used by banks today that provide mobile banking in less than fully secure “SMS-like” format screens. Through integration with ARC and use of the ARC architecture, we can provide a low cost solution that is able to seamlessly expose standard T24 functionality through the mobile channel.”
Temenos has an international client-base of over 590 financial institutions and continues to attract global tier 1 and regional banks as a result of its superior products, T24 and Temenos™ CoreBanking.
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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