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November 3, 2009

Temenos Rolls Out Core Banking Offerings On IBM’s System z Server

New legacy migration solutions bring wider enterprise views of customer transactions to spur business growth

By CBR Staff Writer

Temenos and IBM have extended their global strategic alliance with the launch of the Java version of Temenos CoreBanking (TCB) and T24 for IBM’s System z server. They have outlined two approaches through this launch to enable large scale retail banking operations to implement core system modernisation and replacement strategies.

The Java version of TCB is available as a platform for larger banks who prefer in house development to build upon and create a solution highly customised to their requirements and environment. T24 is SOA Connect certified by IBM. Both offerings have recently undergone technical and performance validation by Temenos and IBM engineers, to confirm their suitability for the largest tier one and two retail banking operations.

According to Temenos, TCB enables progressive core system modernisation by implementing an enterprise customer and product management system, built on IBM’s banking process and service models. This provides view of a customer’s financial relationship with the bank, including products such as credit cards, insurance, securities, etc. These two new legacy migration solutions bring wider enterprise views of customer transactions to spur business growth.

Andreas Andreades, CEO of Temenos, said: “This extended alliance with IBM reflects the new operating model that Temenos has established, which sees the convergence of T24 and TCB to utilise our development factories more efficiently. The combination of IBM System z’s unrivalled position as the leading platform of choice for tier one banks globally, with two different approaches based on our TCB and T24 products provides a comprehensive solution offering to banks worldwide.”

Reportedly, IBM and Temenos carried out testing of TCB components and validated their operation and performance in a Java environment. The tests were carried out at IBM’s Hursley lab in the UK and Poughkeepsie benchmark centre in the US. A steady 5,500 transactions per second (tps) was achieved for the representative mix of transactions on a 32-way z10 LPAR with 64GB of memory. A simpler enquiry workload achieved 11,500 tps.

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