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Systems Limited set to license and develop Temenos country model banks in APAC

By Gloria Mathias

May 21, 2024

  • APAC Fintech
  • APAC news
  • Brunei
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Fintech News, Systems Limited, Fintech Solutions, Fintech Pakistan Temenos, Temenos Country Model Bank, APAC News, APAC Fintech Systems Limited has signed an agreement to license and further develop Temenos Country Model Banks for financial institutions in 5 countries in the Asia-Pacific (APAC) region.

This initiative aims to empower financial institutions in Indonesia, Malaysia, Vietnam, Myanmar, and Brunei with enhanced functionality and service capability provided by Systems Limited to meet the unique needs of their local markets.

Under this agreement, Systems Limited commits to investing in and developing regulatory and business-specific localized functionality to enhance Temenos Model Banks in these markets. It will leverage its deep expertise in the banking technology landscape and extensive experience in deploying Temenos platforms for global banks.

Temenos Country Model Banks help financial institutions reduce cost and risk by offering a pre-configured banking model that can be deployed rapidly. These models are designed to seamlessly integrate with the banking solutions on Temenos’ composable platform and Software as a Service (SaaS) offerings.

Through this agreement, Temenos aims to expand its reach and ensure the scalability of these advantages, with Systems Limited further developing and building new model banks for these five markets.

Ramki Ramakrishnan, Managing Director – APAC, Temenos, shared, “Country Model Banks are a key differentiator for Temenos and working with partners like Systems Limited brings additional value to our platform, which benefits our clients and ultimately delivers incremental growth for Temenos. Systems is a trusted partner for the development and maintenance of Country Model Banks, and this new agreement extends their expertise to Indonesia, Malaysia, Vietnam, Myanmar, and Brunei, helping banks in those markets with their progressive technology renovation.”

“This collaboration signifies our dedication to advancing the financial technology landscape in the APAC region by providing prebuilt functionalities and tailored services that meet the unique demands of the local banking industry. We are excited to be a part of this agreement and look forward to supporting banks in the APAC region to scale and optimize their businesses on the Temenos banking platform,” said Ammara Masood- Global Industries GM BFS- Systems Limited.   

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