Announces outstanding benchmark results which show industry leading performance with new offering
Temenos Community Forum, Lisbon, 24 May 2011 – Temenos (SIX: TEMN), the global provider of banking software, today confirmed the availability of TEMENOS T24 (T24) for Oracle Exadata Database Machine by unveiling Temenos benchmark results demonstrating extreme levels of performance on the Oracle Exadata Database Machine. Temenos is also announcing the availability of T24 with Oracle Exadata in a combined, pre-configured core banking solution.
The high performance benchmark was conducted using Temenos’ real-world banking simulation of 25 million accounts and utilised a full rack Oracle Exadata Database Machine in place of a “conventional' configuration of multiple server and storage racks. The benchmark demonstrates the ability of Oracle’s Exadata platform to comfortably support the highest banking volumes for T24.
Temenos also announced that it will be extending the benefits of its packaged core banking software by offering clients Oracle hardware, including Oracle Exadata pre-configured to support their T24 implementation. The combination of hardware, database, platform software and core banking application helps reduce cost and risk for banks embarking on a legacy renewal programme. T24 configured with Oracle Exadata will enable medium -and large scale banks to take advantage of T24’s rich, pre-packaged functionality, utilizing Oracle’s highly efficient, secure and fault-tolerant Oracle Exadata platform.
Stephen Boyle, Group VP ISV and OEM Alliances at Oracle Corp., commented: “The Oracle Exadata Database Machine is a prime example of extreme performance with considerable gains that can be achieved by engineering Oracle software and hardware together. By running Temenos T24 with the Oracle Exadata Database Machine, customers can derive high levels of performance, while lowering risk and total cost of ownership for Temenos customers. As a result, banks using the combined solution will be able to provision scalable and reliable database services quickly, to address their performance needs both now and in the future.”
Andreas Andreades, CEO, Temenos, commented: “This benchmark illustrates outstanding results which show that Temenos on Oracle Exadata can deliver a high performance and highly cost effective solution to the world’s largest banks. Combining T24 with the Oracle Exadata Database Machine extends the many benefits of our highly efficient core banking system to the full stack, increasing the already compelling business case for core system renovation and fully exploiting the cost benefits of market leading Oracle’s Exadata platform. We are delighted to be building on our relationship with Oracle to offer this exciting solution to the banking market”.
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Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1100 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos is top of the IBS Sales League Table 2010; winner every year since its launch of the Best Core Banking Product in Banking Technology magazine’s Readers’ Choice Awards and ranks 26th in the American Banker top 100 FinTech companies Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 54% higher return on assets, a 62% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers. For more information please visit www.temenos.com
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