Temenos and Bahwan CyberTek partner to expand market reach across India, Sri lanka, Nepal and Bhutan
By Leandra Monteiro
Temenos and Bahwan CyberTek (BCT), a global digital transformation company, announced the signing of an exclusive strategic agreement to scale Temenos’ operations in India, Sri Lanka, Nepal and Bhutan. As part of the agreement, BCT will market, implement, and support all Temenos products and solutions in these countries. The agreement is exclusive for seven years and signals Temenos’ commitment to long-term growth in the region.
As an exclusive Sales and Delivery partner, BCT will enable Temenos to expand its market coverage and deepen local expertise through BCT’s network of 4,000 product engineering and digital services practitioners and consultants. Financial institutions in these geographies will benefit from Temenos’ banking platform and BCT’s global professional services and regional expertise.
This agreement provides Temenos with enhanced visibility on profitability and cash flow and will help it accelerate business growth and sharpen customer focus in these four countries.
With BCT’s strong regional knowledge, deep financial services industry expertise and comprehensive services capabilities, banks in India, Sri Lanka, Nepal, and Bhutan will be able to move away from the constraints of their legacy systems and migrate to Temenos’ modern, open platform for composable banking. They will benefit from accelerated modernization timelines, increased efficiency and scale in operations and greatly enhanced customer experiences.
S.Durgaprasad (DP), Co-founder, Director & Group CEO, BCT said, “We are pleased to forge this partnership with Temenos as it increases our visibility and reach in the banking industry. Financial institutions are facing intense pressures from customer demands, regulations and fierce competition from new players entering the industry. Our strong financial services offerings, deep regional expertise and services capability combined with the power of Temenos’ leading banking platform, places us in a strong position to drive digital transformation for banks and financial institutions.”
Erich Gerber, President and Chief Revenue Officer, Temenos said, “We are excited to announce this exclusive agreement with BCT, which opens up our addressable market and accelerates our growth through new business opportunities in these geographies. Banks will benefit from our significant R&D investment and innovation roadmap while BCT will bring world-class professional services and a wide range of complimentary technology to drive faster innovation, broader reach into these markets, and faster adoption of our open platform for composable banking. By joining forces with BCT, we will deliver more value to our clients empowering them to build new business models, new banking services and offer superior customer experiences.”
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