Temenos, a provider of integrated core banking systems, has released the latest version of its core banking software, Temenos T24 R09.
Featuring over 100 individual enhancements to the packaged suite, including Temenos Insight (Insight), the business intelligence product suite, T24 R09 introduces new modules for structured products, corporate internet banking and loan origination, while further leveraging Temenos T24’s (T24’s) service-oriented architecture, said Temenos.
Temenos claims that the annual T24 release, which spans all geographies and banking sectors, is designed to keep clients one step ahead of evolving marketplace requirements, as banks seek to reduce costs while increasing competitive advantage.
Fully integrated with T24, Insight empowers users to analyze and understand enterprise data in depth and identify customer trends, profitability and risk, thereby improving decision-making and improving profitability, added Temenos.
T24 R09 also includes an extension to the system’s existing loan origination capabilities with the introduction of T24 Loan Originator (LO24). LO24 embraces all aspects of the lending lifecycle, fully supporting front-to-back processing from client handling at the initiation of the loan enquiry across any channel, the company noted. Temenos clients now benefit from loan origination functionality for retail, SME and corporate financing in a single, integrated solution, according to the company.
Andreas Andreades, CEO of Temenos, said: With each release we offer our clients more functionality, pre-packaged with standard service definitions, which means that the technology remains modern and the cost of ownership is reduced. This model gives an immense competitive advantage to our clients and enables them to upgrade to the new version of T24 with minimum effort. We anticipate smooth upgrades of T24 across the globe and expect clients to quickly take advantage of its new offerings.