Temenos to power LTI’s new Digital Banking Platform

By Megha Bhattacharya

Temenos today announced a partnership with Larsen & Toubro Infotech (LTI) in a bid to power the latter’s Digital Banking Platform launch for modernising legacy core banking systems in the Nordic region. The new platform is expected to enable financial institutions to reduce operating costs and allow banks to utilise the platform to launch new products and services.

Sanjay Jalona, CEO & Managing Director, LTI, said, “This partnership of Temenos and LTI brings unmatched experience, expertise, and passion for innovation to the banks and financial institutions in the Nordic region. The new powerful banking platform based on Temenos’ cloud-native technology, will enable banks to scale, modernize, and reduce IT cost significantly. Through our exclusive Temenos Accelerator Toolkit, we amplify outcomes with a faster time-to-market and continue to provide outstanding banking modernization services that empower banks to take a quantum leap in their digital transformation journey.”

According to the company, the Digital Banking Platform provides end-to-end integration with Temenos Transact, Infinity, Payments, and Financial Crime Mitigation as well as FinTech solutions like regulatory reporting, authentication, KYC solutions, cards services and payment solutions available on Temenos Marketplace. LTI and Syncordis Consulting will be providing implementation and managed services.

Max Chuard, Chief Executive Officer, Temenos, said, “This is a strategically important signing for Temenos in the Nordics. We are delighted to expand our partnership with LTI and Syncordis to offer to the market the next generation digital banking platform. Together with our partners, we are offering banks access to LTI’s global banking expertise across the full Temenos’ solutions applied to the specific needs of the Nordic region. Our advanced cloud and AI technology combined with our rich banking country model bank functionality is becoming the de facto choice for the Nordic banks and financial institutions. We enable banks to modernize their legacy systems, future-proof their banking platform while offering innovative services to their customers.”

Recently, Temenos announced the launch of Temenos Transact Data. The new data platform is integrated and embedded within the company’s core banking solution, Transact.