GENEVA — 18 November 2011 —Temenos (SIX: TEMN), a global provider of banking software, today showcased record-breaking results of a TEMENOS T24 (T24) performance benchmark, proving scale of support and cost efficiency for large banks. Conducted in September 2011, at the Microsoft Platform Adoption Center in Redmond, Washington, the tests measured the high-end performance and scalability of T24 R12 on a pre-release version of Microsoft SQL Server 2012. The standardised benchmark reflected tier 1 retail banking activity volumes of 25 million accounts, 15 million customers across 2,000 branches.
Close collaboration between Temenos and Microsoft led to optimised connectivity between T24 and SQL Server 2012, which was applied during testing. This enabled the test to exploit and complement the latest features of both the application and the pre-release version of SQL Server. At peak performance, the system processed 11,500 transactions per second in online business testing and averaged more than 10,000 interest accrual and capitalizations per second during close-of-business testing - processing 25 million capitalizations and account accruals in less than 42 minutes. The testing showed a near linear scalability of 95% as the number of agents was increased.
“Banks today face significant challenges, such as higher capital requirements, which are squeezing margins tighter than ever before and driving a rapid need for higher cost efficiency. Technology investment is a prerequisite in achieving the improved productivity and associated cost benefits for successful banking today. With these results we demonstrate a powerful software combination which addresses these requirements by delivering high end scalability with a lower total cost of ownership and increased flexibility and agility to a market that has traditionally been hampered by legacy systems”, commented Andre Loustau, Chief Technology Officer, Temenos.
“Banks are aware of the cost inefficiencies of legacy technology, which hamper their ability to be responsive to today’s widespread, complex market changes,” said Robert Hunt, senior research director at TowerGroup, a Corporate Executive Board company. “Banks will increasingly turn to core systems replacements to acquire the agility and flexibility needed to implement an architecture that maintains the high levels of operational efficiency required to perform more effectively. Leading vendors now offer Windows-based versions of their core processing systems making the Windows platform more viable.
“These performance results, achieved on the pre-release version of SQL Server 2012, preview the power that will be available when SQL Server 2012 is released. They highlight the continued success of our strategic alliance with Temenos in delivering optimised core banking solutions on Microsoft technology to greatly increase large-scale banking efficiencies. This exciting result builds on our close collaboration to meet the needs of large banks globally and help them maximize their efficiency and TCO,” concluded Joe Pagano, Worldwide Managing Director, Banking and Capital Markets, Microsoft.
More information about the benchmark can be found here.
Alternatively please contact Petra Shuttlewood at pshuttlewood@temenos.com
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About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic and microfinance & community banks. Headquartered in Geneva with more than 60 offices worldwide, Temenos serves over 1,500 customers in more than 125 countries across the world. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 700 implementations around the globe. 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
Other Temenos contacts:
Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 79 310 96 22
Email: mchuard@temenos.com
Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: pshuttlewood@temenos.com
Sarah Bowman
Associate Director, Investor Relations
Tel: +1 646 472 8069
Mob: +1 646 752 5463
sbowman@temenos.com
Claire Barry
Hudson Sandler for Temenos
T +44 (0)20 7710 8940
Email: cbarry@hudsonsandler.com
Lucy Clark
Hudson Sandler for Temenos
T +44 (0)20 7710 8934
Email: lclark@hudsonsandler.com