May 21, 2024<\/strong> – Systems Limited<\/em>, a global technology leader and award-winning partner of Temenos<\/a><\/em>, has signed a significant agreement to license and develop Temenos Country Model Banks for financial institutions in five Asia-Pacific (APAC) countries: Indonesia, Malaysia, Vietnam, Myanmar, and Brunei. This strategic initiative aims to enhance the functionality and service capabilities of financial institutions in these markets by leveraging Systems Limited’s extensive expertise in banking technology.<\/p>\r\n\r\n\r\n\r\n Under this agreement, Systems Limited will invest in and develop localized regulatory and business-specific functionalities to enhance Temenos Model Banks. These pre-configured banking models are designed to reduce cost and risk for financial institutions by offering rapid deployment and seamless integration with Temenos’ composable platform and Software as a Service (SaaS) offerings.<\/p>\r\n\r\n\r\n\r\n Temenos Country Model Banks provide a comprehensive solution that addresses the unique needs of local markets, facilitating faster and more efficient banking operations. By collaborating with Systems Limited, Temenos aims to expand its reach and scalability in the APAC region. Systems Limited’s 23-year partnership with Temenos has already seen over 127 successful transformations globally, supported by more than 1,000 certified consultants.<\/p>\r\n\r\n\r\n\r\n Ramki Ramakrishnan, Managing Director \u2013 APAC, Temenos<\/strong>, commented: Ammara Masood, Global Industries GM BFS, Systems Limited<\/strong>, added:
\u201cCountry Model Banks are a key differentiator for Temenos. Working with partners like Systems Limited brings additional value to our platform, benefiting our clients and ultimately delivering incremental growth for Temenos. Systems is a trusted partner for the development and maintenance of Country Model Banks, and this new agreement extends their expertise to Indonesia, Malaysia, Vietnam, Myanmar, and Brunei, helping banks in those markets with their progressive technology renovation.\u201d<\/p>\r\n\r\n\r\n\r\n
\u201cThis collaboration signifies our dedication to advancing the financial technology landscape in the APAC region by providing prebuilt functionalities and tailored services that meet the unique demands of the local banking industry. For the last 23 years, we have always focused on reinventing our capabilities to bring value to our clients and support them in their mission-critical transformations, ultimately driving growth and innovation in the global banking industry. We are excited to be a part of this agreement and look forward to supporting banks in the APAC region to scale and optimize their businesses on the Temenos banking platform.\u201d<\/p>\r\n\r\n\r\n\r\n