Skip to main content

Industries  >  Financial services  >  Solutions  >  

Core systems from IBM and Temenos

Executive summary Business view Technical details
The goal
Meet customer demand in a dynamic market
Enhance business processes. Service customers efficiently. Launch new products and services quickly. The core system solution from IBM and TEMENOS automates a variety of banking processes to help your institution meet the growing demand from customers for quick and accurate access to their banking information.

The advantage
Add value to your institution
The TEMENOS™ banking offering together with IBM technical products and expertise combines technology with implementation and training services to add value to your organization.

IBM has extensive experience with the banking industry, which includes:
  • 95 percent of the Fortune 100 companies rely on IBM platforms for mission-critical business processing.
  • Hundreds of banking engagements.
  • More than ten years of experience developing business models with the banking and insurance industries.

TEMENOS provides solutions to help increase productivity and profitability and respond quickly to changing market conditions. The TEMENOS Web-based application software offers virtual 24x7 access and an enterprise-wide view of customer data. TEMENOS has more than 600 installations worldwide in 102 countries, including 350 installations at financial institutions worldwide.

The benefits
Improve business processes
TEMENOS banking products, together with IBM technical products, and expertise automates systems to maximize straight-through processing to improve everyday business operations. Benefits can include:
  • Manage channels to meet strategic objectives.
  • View client information through one screen, enterprise-wide.
  • Obtain rapid, accurate business information.
  • Impose security on a person, a screen, a module or individual field.
  • Access the latest data in virtual real time to assess balances, limits and risk exposure.
  • Customize for enquiry and report layout, personalized screens, default vault assignment, creating new fields, designating print formats and work flow.
  • Enable a view of critical risk management elements such as credit, interest rate, currency, country, liquidity and contingency exposures.
  • Access market information in virtual real time.
  • Develop customized products quickly to meet the needs of customer segments.
  • Recover quickly from external disruptions to operations.

A bank’s basic services can benefit from a rich functionality, including, for example:
  • Deposit and loan processing
  • Teller and call center functions
  • Mortgage origination and servicing
  • Web banking
  • Channel integration
  • Electronic funds transfer
  • ATM and card processing
  • Data warehousing and data mining
  • Check clearing and check imaging services

The approach
A proven implementation
A U.S.-based international private bank was looking to improve operational efficiencies and reduce costs. The bank chose to implement the core system solution from IBM and TEMENOS. Through a series of workshops, we completed the gap analysis and developed a full cost business analysis.

Some of the objectives included:
  • Familiarizing the employees with system evaluation process.
  • Defining priorities of functional requirements.
  • Identifying major gaps and defining their relevant costs.

The financial advantage
Achieve return on investment
Obtain a cost-effective banking system to compete in today’s market with the core system solution from IBM and TEMENOS. Our solution can help you:
  • Avoid double handling of transactions and the costly efforts of reconciliation.
  • Determine which products to sell to which customers, making efficient use of your employees’ time and enhancing revenue opportunities.
  • Use the Internet to quickly and affordably reach new and existing customers.



Featured video

IBM and Bank Systems and Technology video

Core systems transformation
Hardware
Focus on systems  
Business partner
Temenos