On December 10, 2009, Temenos and Microsoft announced an alliance for delivering core banking solutions with Temenos T24 and Microsoft SQL Server to increase operational efficiencies of large-scale banks worldwide.
By choosing the Microsoft platform, Temenos T24 customers will benefit from open, modern technology to accelerate innovation, greatly increasing the speed and effectiveness with which new products and services are created. This increased operational efficiency enables front-line staff to provide superior customer service at a lower total cost of ownership.
Temenos is seeing significant customer demand for the Microsoft platform. Already 21 banks have selected Temenos Insight, the business intelligence (BI) suite announced in March 2009, demonstrating strong demand for business intelligence in core banking operations. Leveraging the BI capabilities of SQL Server, Temenos Insight enables T24 users to analyze and track financial performance, understand customer profitability, and manage risk.
Temenos and Microsoft worked with North Shore Credit Union, one of Canada's most profitable financial institutions, to deliver a new core banking solution with a strong data management platform based on Temenos T24 and Microsoft SQL Server.
The new agreement will see both parties collaborate more closely and commit technical, marketing and sales resources to bringing a flexible, high-performance and reliable core banking solution to market, which fully optimizes the use of the Microsoft platform with T24.