The most profitable banks run TEMENOS: Customer case study - Schroders

Case Study Summary
Schroders, which was ranked 261 in The Banker Top 1000 report 2009, is an example of a bank that has benefited from Temenos' core banking software. Since centralising its IT and support infrastructure with T24 in 2007, Schroders Private Banking, the private banking arm of the Schroders group, has been able to cut operating costs by one third.

“Our view is that IT and support costs, as percentage of total costs, should decrease over time. Our competitive advantage comes from excellent customer service and innovative products. We aim to direct as many resources as possible to the customer-facing parts of the business”, commented Pierre-Louis Favre, CFO, Schroder & Co Bank AG.

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