Temenos partners with Bahwan CyberTek to bring localised, ready-to-use banking solutions to seven Asian countries, speeding up digital transformation for financial institutions.
The agreement will see BCT develop and market Temenos’ Country Model Banks in India, Sri Lanka, Nepal, Bangladesh, Cambodia, the Philippines and Taiwan. By using cloud-native technology, the partnership aims to help financial institutions deploy new banking services faster, reduce costs, and lower risks.
Scaling digital banking across Asia
Temenos designs its Country Model Banks to offer pre-configured, localised functionality tailored to meet the regulatory and operational needs of each country. This approach allows financial institutions to launch new services more quickly and efficiently by minimising the complexity of implementation. Through this partnership, banks can benefit from built-in compliance and ready-to-use functionality that accelerates the go-live process.
William Moroney, chief revenue officer at Temenos, explained the value of the collaboration: “By leveraging the expertise and resources of both companies, this collaboration will enable financial institutions in these markets to deliver innovative and customer-centric banking experiences with greater agility and speed to market while also reducing cost and risk.”
BCT input
With a team of more than 4,500 consultants and product engineers, Bahwan CyberTek will support the development of localised features to further enhance Temenos’ Country Model Banks for the seven countries involved. In addition to helping financial institutions implement these solutions, BCT has been appointed as Temenos’ preferred upgrade partner in the region, ensuring that banks can easily access the latest technology and services.
S. Durgaprasad, co-founder and CEO of Bahwan CyberTek, also highlighted the importance of the partnership for banks in the region: “This latest agreement between our companies signifies a significant step forward in empowering financial institutions across these target markets in Asia with innovative banking solutions, ultimately driving growth and enhancing customer experiences.”
The new partnership builds on previous successes between Temenos and Bahwan CyberTek, as the two companies had previously worked together in India and nearby countries.
The latest agreement expands their work into new markets, offering financial institutions in a broader range of countries access to tailored, ready-to-use banking systems. agile and responsive to changing customer needs and market conditions. These systems enable financial institutions to optimise their operations, deliver improved customer services, and manage risks more effectively.
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