Temenos announces first T24 Model Bank BIAN alignment initiatives

Temenos demonstrates ongoing commitment to BIAN by showcasing the first phase of Model Bank development to help ease the journey for banks moving to a service-oriented architecture.

GENEVA, Switzerland, 16th July 2009 – TEMENOS (SWX: TEMN), the global provider of integrated core banking systems and a founding member of the Banking Industry Architecture Network (BIAN), today revealed a set of development initiatives undertaken to align T24 Model Bank with the first set of BIAN standards published on Monday. This includes the recent launch of T24 R09, the latest release of TEMENOS T24 (T24), signifying the first release of a set of Model Bank banking services, which have been aligned with the work being done through BIAN on the banking Services Landscape. Its work highlights the company’s dedication to the Service Oriented Architecture (SOA) model and supports BIAN’s aim to help accelerate the adoption of standards for the industry.