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Temenos unveils advanced core banking offerings on IBM's System z; New legacy migration solutions bring wider enterprise views of customer transactions to spur business growth.

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M2 PRESSWIRE-3 November 2009-Temenos: Temenos unveils advanced core banking offerings on IBM's System z; New legacy migration solutions bring wider enterprise views of customer transactions to spur business growth(C)1994-2009 M2 COMMUNICATIONS

RDATE:03112009

GENEVA, Switzerland and ARMONK, NY -- Temenos (SIX: TEMN), the global provider of integrated core banking systems, and IBM (NYSE: IBM) today announce an extension of their global strategic alliance with the launch of the Java version of Temenos CoreBanking (TCB) and T24 for IBM's System z server.

The new offerings will enhance the adaptability of current technology infrastructures of many tier one and two banks. After more than 30 years of IT development and evolution on all platforms, banks are faced with hugely complex, disparate and unsustainable systems that provide limited ability to reduce operational costs or increase flexibility and revenues - through product innovation or improved customer service. In today's highly competitive environment, banks need to simplify and consolidate multiple line-of-business applications to drive down their cost structure and achieve the many benefits to be gained from delivering a consistent customer experience.

In response, Temenos and IBM have outlined two approaches...

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