GENEVA, Switzerland – 28 August 2014 – Temenos (SIX: TEMN), the market-leading provider of mission-critical solutions to the financial services industry, today announces that its client, Al Khaliji Bank, has been named ‘Best Operational Bank Qatar’ by Global Financial Market Review (GFMR), one of the world’s leading global banking and finance online publications.
Al Khaliji has been running on T24, Temenos’ core banking system since March 2014, when the implementation was completed in 15 months. Temenos has also deployed Insight, its business intelligence product, and Treasury Trader, which enables a seamless and transparent flow of information synchronising front, middle and back office investment banking operations, at the bank.
The award recognises that through the unified system platform, the bank was able to efficiently improve its personal and commercial banking and treasury operations, trade finance, customer relationship management and business intelligence functions.
The awards selection is based on general criteria, including transparency, corporate governance, sustainability, volume of transactions, innovation, and customer service. Some of the specific criteria used included market capitalisation, earnings per share, price/earnings ratio, total revenues, net income, operating profits, and other elements.