Temenos T24 named Best Core Banking System at Banker Africa’s East Africa Awards 2015
GENEVA, Switzerland, 3rd June 2015 – Temenos Group AG (SIX: TEMN), the market leading provider of mission-critical software to financial institutions globally, today announces that Banker Africa readers and subscribers voted Temenos T24 to be the Best Core Banking System in the 'East Africa Banking Awards 2015'.
Jean-Paul Mergei, Managing Director for Temenos Middle East and Africa at Temenos, said: 'We are delighted that Temenos T24 has been recognized by our respected industry peers as the leader in the core banking field, and that our solutions stand out in the very competitive African market. We would like to congratulate our customers in the region who also won key awards at the Banker Africa, East Africa Awards 2015. This demonstrates our strong track record of delivering robust core banking solutions that enable the success of banking customers. We are happy to be playing a role in the ever changing financial services landscape in Africa and will continue to deliver innovative products and develop an ecosystem of expert partners that will contribute to the success of our customers.'
Banker Africa is the largest monthly banking and finance publication in Africa, with an established circulation to more than 9,000 C-level executives in financial institutions throughout the continent. These highly esteemed awards recognize exceptional innovation and excellence in financial services. More than 7,000 votes were cast by the readers of the magazine and the registered users of the financial news website www.cpifinancial.net across 26 categories to determine the winners. Temenos is the only firm from outside the Africa region to win an award.
Temenos AG (SIX: TEMN), headquartered in Geneva, is a market leading software provider, partnering with banks and other financial institutions to transform their businesses and stay ahead of a changing marketplace. Over 3,000 firms across the globe, including 41 of the top 50 banks, rely on Temenos to process the daily transactions of more than 500 million banking customers as well as over USD 5 trillion in assets. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, they enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1 percentage point lower cost/income ratio than banks running legacy applications.