Temenos, the global vendor of integrated banking software partly owned by JSE-listed Global Technology, has been rated the official leader in the sales of banking systems worldwide. This information has been made official in the annual IBS League Table.
Temenos completed their most successful year in its history with the signing of 42 new contracts for its GlOBUS software, with Flexcube, their closest competitor signing 26 contracts in 2000. The value of the new contracts signed by Temenos last year topped $150 million. Among these new contracts was the Bank of England.
Ray Leonard, CEO of Global Technology, says other key contracts secured in 2000 include China Construction Bank, ING Asia, Bank of Queensland, Bank Boston International (a Fleet Bank subsidiary), and the Arab Banking Corporation (Tunisia). In addition, the company expanded its contracts with existing customers including Merrill Lynch Bank and Trust, Banco Santander, National Bank of Greece, and European Financial Group.
"Temenos`s integration approach to international banking systems continues to be validated by the market," says Leonard. "Financial institutions worldwide are adopting GLOBUS to help them expand their operations and increase market share. "We`ve enjoyed similar success in South Africa, the rest of Africa and Australia," adds Leonard, "and we expect to see GLOBUS take market share across these territories. GLOBUS`s success has been a major factor in the growth of our banking division."
The year included the announcement of a global e-business alliance between Temenos and IBM jointly to market GLOBUS`s solutions for wealth management and private banking, and the porting of GLOBUS to an extended range of IBM server and software offerings, including the System 390. GLOBUS is an integrated, modular international banking system with full functionality, including retail and wholesale banking, trade finance, and treasury modules. It supports multi-company and multi-banking environments and is global in scope, incorporating multi-currency and multi-lingual capabilities. In addition, GLOBUS contains robust risk management and security features that provide a flexible environment while allowing institutions to have complete control over their financial systems.
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