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Temenos signed up by Bank of Ireland for core banking revamp

Temenos has announced that Bank of Ireland has selected its UniversalSuite front-to-back software solution for retail, commercial and corporate banking. The package includes the vendor’s flagship core banking solution, T24, as well as a omni-channel support, analytics and risk and compliance.

“Temenos is delighted to be working with Bank of Ireland on this significant core banking project. Banks across the world are making strategic decisions to put digital at the heart of their growth plans and system replacement is the foundation for this,” says David Arnott, CEO of Temenos. “Following recent agreements with Nordea Bank and Standard Chartered Bank, this deal further demonstrates that Temenos is the established technology partner for the digitization of the financial services industry.”

“Our focus over the next several years is on adopting, integrating and moving on a careful and phased basis to more scalable and modern platforms that position us for long term sustainability and competitiveness,” says Richie Boucher, CEO at Bank of Ireland. “We are pleased to work with Temenos, which has a proven track record globally in delivering best-practice core banking systems.”

Temenos is expected to release its Q3 financial results later this month.

This story was originally published as “Temenos signed on by “major European Bank” but has been amended following new information.

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