Retail Banking

Overview

Over recent years the retail banking market has changed dramatically, with banks today facing growing competition from a diverse range of brands and service providers.
In order to compete, banks need the ability to adapt and respond to this ever changing environment and differentiate themselves from the competition.

Many banks continue to support legacy core banking systems, which are costly to maintain, and provide an inflexible infrastructure inhibiting the bank’s ability to innovate.
Temenos understands how technology can be used to create differentiation, and provide our customers with an environment that enables innovation and supports business growth.

Temenos customers are proven to be more profitable than their peers: analysis on data from The Banker – top 1,000 banks shows that Temenos customers enjoy a 62% higher return on capital, a 54% higher return on assets and a cost/income ratio that is 7.2 points lower than non-Temenos customers

T24 for Retail Banking

T24 is used to support more than 250 retail banking operations ranging from the largest international banking groups to community banks and new start-ups. T24 offers full retail functionality, from the front through to the back office, including CRM and product lifecycle management. Unparalleled scalability and resilience is combined with total customer centricity.

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TEMENOS CoreBanking

TEMENOS CoreBanking (TCB) is a contemporary functionally-rich core banking platform, deployed on IBM mainframe  technology and designed around IBM’s Information Framework (IFW) industry banking model, to maximise re-use, eliminate duplication and minimise redundancy. TCB is used by the world’s largest mass market retail banks, who given their scale can achieve significant competitive advantage by having total control of their software assets. It is designed to enable

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T24 Enterprise

T24 Enterprise (T24E) is the most technically advanced banking system in the world today. It is a 24 hour real time banking application that provides multiple application server support to large numbers of users.

Read more about T24 Enterprise