MALVERN, PENNSYLVANIA – February 16, 2016 – Akcelerant, a provider of software and services to the financial industry acquired by Temenos in February 2015, announced today that the company and its product lines have been rebranded and fully integrated into the Temenos product offering.
While Temenos has operated as a single brand in the U.S. and globally for some time, this merger will enable the company to continue growing as a financial technology leader with global reach.
“Temenos has been driving financial institutions toward the digital future for over 20 years as the only company specialized in financial software,”
said Jay Mossman, Temenos’ newly named President of North America.
“Throughout this transition, we remain focused on fulfilling our commitments to Akcelerant’s customers, and we thank them for their continued support. This exciting merger positions us to continue expanding our delivery of world-class services and solutions, and we look forward to growing with the financial industry as a unified company, now and into the future.”
Through the rebrand, all products and services offered by Akcelerant have been reorganized and fully aligned under newly created Temenos product suites. Each suite has been designed to increase the utility of individual products by pairing them with other solutions and adding value to a customer’s bottom line. Under this new alignment, Akcelerant’s industry-leading Framework platform, used for account origination, loan origination, service, collection and recovery, has been renamed the Temenos Lifecycle Management Suite. This name reinforces the platform’s ability to ensure consistent and positive interactions between consumers and their financial institutions at every phase of the account lifecycle. Akcelerant’s profitability and cost development software, now referenced as Temenos Profitability, has been incorporated into the Lifecycle Management Suite.
Additionally, visitors to the Akcelerant website will be re-directed to the newly-designed www.Temenos.com. Plans are also in place to consolidate Akcelerant’s social media channels with those of Temenos USA.
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and other financial institutions. Headquartered in Geneva with 56 offices worldwide, Temenos software is proven in over 1,600 customer deployments in more than 150 countries across the world. Temenos’ products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2012, Temenos customers enjoyed on average a 32% higher return on assets, a 42% higher return on equity and an 8.1% lower cost/income ratio than banks running legacy applications.