Trade Finance solution for midsize banks:

Trade Finance solution for midsize banks: the extended Temenos T24 banking suite Deutsch
Trade, Economy, Finances, Banking & Insurance
Press release from: Temenos Germany
PR Agency: Citigate Dewe Rogerson
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Frankfurt am Main, 6 September 2011 - Temenos, a global leader in core banking specialist, adds his T24 Deutsch Banking Suite (T24 GBS) with extensive functions for handling the document-based international business plans.
Analogous to the other T24 GBS packages is the design of this package designed to reduce costs and implementation times and to minimize risks. With him also with banks have limited IT budget via automated processing functions that are usually reserved for the major players in the market. The package is now ready for implementation.

The combination with the T24 GBS Wholesale Package offers midsize banks, a modern tool for an integrated and consistent operational efficiency. Functions as security, limit monitoring and evaluation controls the underlying base at T24 GBS Package.



A key feature of the T24 GBS Trade Finance Package is the comprehensive support of SWIFT messages, the group 7xx. They allow you to automate all the necessary information to incorporate into their own IT systems and manual detection. This saves money and reduces processing time dramatically. Assist in the integration of GBS T24 Trade Finance Packages in the banking business "best practice" process descriptions. These documented processes in ARIS describe an optimal organizational structure that not only ensures maximum efficiency, but also for a minimal implementation costs. The reference processes Deutsch Banking Suite are based on the experience gained in the Temenos core banking implementation, more than 600 projects.
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The principle of the T24 Deutsch Banking Suite

The users of the T24 GBS trade finance package also benefit from all advantages that are already supplying the wholesale package and the base package: First, they can access a package of basic functionalities and reference processes that cover the general requirements of medium-sized banks in the German market. On the other contains the Deutsch Banking Suite in Germany the necessary interfaces to institutions such as German regulatory authorities or the federal bench.
To keep the cost-critical implementation phase as short as possible, working together with the introduction of the Temenos T24 banking Deutsch Suite with experienced and world-renowned partners such as system integration company CSC. As modeling of the T24 core banking solution Deutsch Banking Suite benefits from continuous release Temenos concept with its regular software updates. The concept release will ensure that the local GBS T24 (for example, mortgage calculator reporting requirements for German) and international developments (such as SEPA and SWIFT) are integrated. In addition to the pre-modeled features of the Deutsch Bank Banking Suite, the user is also required for the excess functions of the full-T24 solution available without restriction. The wide use as possible within the T24 makes investment in the GBS permanently interesting and future-proof. The T24 GBS can also be operated as a hosted solution on a highly secure data center in Germany. As an alternative to the traditional license purchase is for medium-sized banks across the Temenos partners Wipro the ability T24 GBS as an ASP solution to use. It replaces a monthly usage-based fee, the initial license acquisition costs.


Luhle Kay, CEO, Temenos, Germany, explains: "With the T24, trade finance package we have taken another important step to provide medium-sized banks also far-reaching and highly automated processing functions. The current national and international competition is forcing medium banks to offer low cost quality services, which can present with a limited budget a challenge. Thus, these banks continue to face the challenge successfully, we have developed the T24 GBS. We pursue this goal consistently, and the T24 Trade Finance Package packages will follow. In this way will create a portfolio of integrated software components, which holds for any midsize bank in Germany with their respective business sectors optimal standard solutions. The opportunity to use, T24 GBS as an ASP solution through our partner Wipro costs on a monthly basis, will help medium-sized banks in Germany to introduce the world's most successful standard venture capital banking software package without the high investment costs. "

This press release was published on openPR.


Oswin Weinkötz
Regional Marketing Manager
Tel: +49 (0) 69 66 537 174 122
E-mail:


Marc Pedack
Citigate Dewe Rogerson
Tel: +49 (0) 211 96 485 52
E-mail:

Temenos Group AG was founded in 1993 and is listed on the Swiss Exchange (SWX: TEMN). The company is a leading provider of banking software for the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking. Temenos managed from its headquarters in Geneva and 60 offices worldwide from more than 1,100 users in over 120 countries.