US Financial Institution Selects Temenos Solution for Global Cash Management Backbone

Temenos has announced that a US-based Tier 1 global bank has selected its T24 Core Banking as its global cash management platform for deposit transaction processing, internal account sweeping and interest compensation. The system, which will replace the bank’s legacy infrastructure, will be implemented progressively in multiple countries across the globe.

Temenos' core banking platform will enable the bank to offer consolidated cash management globally, delivering new services, richer data, and real-time optimisation and reporting to its clients. Temenos’ scalable architecture - coupled with multi-lingual, multi-currency and real-time capabilities – will enable the bank to offer its wholesale clients a follow the sun service to improve their working capital efficiency.

 

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