Temenos Celebrates Commitment to the Australian Market

Press Releases, September 27, 2017

Temenos – Company

SYDNEY, Australia – 27 September 2017 – Temenos (SIX: TEMN), the software specialist for banking and finance, last week hosted an exclusive event. The dinner was attended by Temenos clients and other senior leaders of the banking and finance industry, and was hosted by Temenos Executive Chairman, Andreas Andreades.

Speaking at the event, Mr. Andreades said:

“The pace of technology and regulatory change has made new business models possible. As we enter the new world of open banking, banks are embracing the opportunity to collaborate, transform and deliver a limitless banking experience. Open banking regulation is already a reality in Europe and we are convinced that Australia will soon embrace the principles of open banking. It is our belief that in order for banks to offer an end-to-end digital experience they will need to renovate their core banking systems as well as invest in customer experience. Clients such as ME bank in Australia are benefiting from real-time processing and a single view of the customer to open accounts more quickly and adopt differential pricing of its loans for the first time. Temenos is committed to continue to put its clients, large and small, in the best position to compete effectively and thrive in this new world by providing the world’s best architected and open banking software.”

Mr. Andreades closed by reiterating his commitment to Australia:

“Australia is one of the world’s largest financial markets and we are excited by the innovation coming out of banks and FinTech companies and we look forward to continuing to help banks on their digital journey.”

Temenos Australia is expected to announce a number of new products available locally to the market, as well as a number of key client projects over the upcoming months.

Philip Barnett, Regional Director for Australia, added in his opening address:

“Our acquisition of Rubik Financial continues to be the largest local technology deal of 2017 and shows our commitment to this market. With over 150 people spread across two offices, we believe we have the presence, capability and proven technology to service any financial institution or ADI of any size.”