CBTW is thrilled to announce a milestone extension in its relationship with Temenos, focusing on the development of Temenos Country Model Banks for Greece and Cyprus.
Temenos Country Model Banks help financial institutions go-live with Temenos solutions faster and reduce cost and risk with pre-configured banking functionaility and country-specific localization.
This agreement opens new opportunities for growth for Temenos and CBTW around core banking projects with enhanced local functionality and service capability provided by CBTW in these two markets.
What are Temenos Country Model Banks
Country Model Banks are a key differentiator for Temenos and through such licensing agreements, Temenos is able to scale this competitive advantage with partners further developing and also building new model banks compatible with the banking solutions on Temenos’ composable platform and SaaS offerings.
A competitive advantage for customers
Through this agreement, CBTW commits to invest and develop regulatory and business-specific localized functionality to further enhance the Temenos Model Banks for financial institutions in Greece and Cyprus. Local customers will benefit from many advantages:
- Regulatory maintenance: to support compliance with local regulations and business practices
- Faster implementation: to accelerate deployment with Temenos’ streamlined processes and open APIs.
Support from strong and proven partners
Since 2012, Temenos and CBTW have shared many successful stories with customers in Europe, Asia and the Americas. With a focus on Banking Technology Solutions, and delivery centers strategically located all over the world, complemented by well-established regional offices in Europe, CBTW is strongly equipped to deliver Temenos Wealth, Digital, and Core Banking solutions.
“We are excited to extend our collaboration with CBTW, which brings additional value to our platform and opens new opportunities for Temenos with financial institutions in Greece and Cyprus. CBTW brings deep local knowledge and expertise for the development and maintenance of Country Model Banks that will help customers in these two markets to modernize their technology while reducing cost and risk.”
Mark Yamin-Ali, Managing Director – Europe, Temenos“We are delighted to extend our collaboration with Temenos to develop Country Model Banks in Cyprus and Greece. This agreement is a testament to our capabilities and strong relationship as a long-standing partner of Temenos. With a strong presence in Europe, CBTW looks forward to supporting the needs of local customers as they scale and optimize their businesses on the Temenos banking platform to drive customer success.”
Stephane Martin, Banking Service Line Leader at CBTW
Our full-fledged and well-established team already plays a primary role in the region by providing transformation services to major banks in both countries. This enables our customers to use the cutting-edge Temenos functionalities-technologies improving time to market, customer experience, and contributing to cost reduction.
For more details on how these developments can benefit your institution, please contact our team.
