(M2 PressWIRE Via Acquire Media NewsEdge) GENEVA, Switzerland -- -- Temenos (SIX: TEMN), the market leading provider of banking software, today announces that Forrester Research, Inc. has ranked Temenos as a 'leader' among the eight most significant global banking platform vendors, in its December 2012 report, 'The Forrester Wave(TM): Global Banking Platforms, Q4 2012'. Temenos has been recognised as a 'leader' by Forrester in global banking technology, in a selection based on vendors' scope, global success and relevance.
Several Temenos solutions qualified for the Forrester Wave, including TEMENOS T24 (T24) -- Temenos' award-winning front to back office, CRM and product lifecycle management software platform. In the report, Temenos received the highest score for services and support amongst its peers, whilst scoring second highest among all vendors in both the deployment and operations, and corporate strategy categories.
Forrester states that the Temenos banking platform " offers strong overall functionality with a very broad product base ." Forrester continues: " Temenos' product strategy is strong, with a sound definition of target geographies and countries but a well-defined architectural vision for T24. Its corporate strategy is very strong without any weak points ."
David Arnott, Temenos CEO , said: "We are delighted to be evaluated by Forrester as a leader in the global banking platform space. Focused only on financial services, our business model is built around out-investing the competition in R&D - both on T24 and our other industry leading products - and recycling this development effort into packaged, regular, and easily upgradeable releases. In addition, our open technology gives our customers choice over the infrastructure they run, and our partner programme gives customers access to a large pool of certified resources and a broad range of complementary products and features. This model allows us to deliver incredibly broad banking functionality on cutting-edge technology which, in turn, allows our customers to outperform their peers."
Founded in 1993 and listed on the Swiss Stock Exchange ( SIX: TEMN ), Temenos Group AG is the market leading provider of banking software systems to retail, corporate, universal, private, Islamic, microfinance and community banks, wealth managers, and financial institutions. Headquartered in Geneva with more than 55 offices worldwide, Temenos software is proven in over 1,500 customer deployments in more than 125 countries across the world. Temenos' products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos' expertise around the globe. Temenos customers are proven to be more profitable than their peers: in the period 2008-2010, Temenos customers enjoyed on average a 30% higher return on assets, a 46% higher return on capital and an 8.5 percentage point lower cost/income ratio than banks running legacy applications.
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