Technology Industry

Temenos announces strategic licence partnership agreement with Rubik Financial

Telecomworldwire, Sept 29, 2008

Temenos (SWX: TEMN), a provider of integrated core banking systems, announced on Friday (26 September) the signing of a strategic licence partnership agreement with Rubik Financial Ltd (ASX: RFL), a provider of integrated retail banking systems, to deliver an end-to-end retail banking solution to financial institutions in the Australian and New Zealand markets.

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The partnership is understood to combine TEMENOS T24 (T24) Model Bank with Rubik Financial's regional industry experience in deploying hosted retail banking solutions for the Australian and New Zealand financial services markets. Through recent acquisitions, Rubik Financial provides channel and payments solutions and services to over 190 financial institutions and will now be the first T24 hosted provider to these regions.

According to the company, Rubik Financial will offer T24 Model Bank on Microsoft Windows and SQL Servers. The solution will be available for deployment from 2009. The full range of retail core banking services to be offered will include phone and Internet banking, touch screen kiosks, payments and credit cards.

T24 is a functionally rich, scalable, and proven integrated banking system. It is delivered as a pre-configured Model Bank solution that incorporates industry best-practice, enabling fast implementations and immediate benefits, the company said.

No financial details were disclosed.

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