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TEMENOS Product Brochure PDF
TEMENOS Product Brochure PDF
TEMENOS Product Brochure PDF
All finance and banking systems available If you so wish, TEMENOS T24 offers the
HAS CAUSED PROBLEMS FOR FINANCIAL INSTITUTIONS AND ORGANISATIONS AS
AT TEMENOS WE HAVE COMPLETELY ELIMINATED THE CLOSED BATCH RUN THAT
eliminated the closed batch run that has willingness to invest in learning the tools
caused problems for financial institutions and facilities that TEMENOS T24 offers.
and organisations as they have entered the
world of 24-hour service. The These tools encompass powerful
organisation and its clients can continue functions such as input and enquiry
to process business seamlessly as the date designers and database extension
change occurs. This also significantly designers to develop your own Java
increases the scalability of the system classes. TEMENOS T24 itself may also
because legacy systems have usually been form part of a wider and standard systems
constrained by the length of their batch environment because its full range of
run. TEMENOS T24 has no batch run functionality and data are exposed
and therefore there are no constraints. through standard industry protocols.
Local Development
3 Specific business areas within any The in-house solution. This solution has
financial institution (Departmental evolved over many years and now provides
solutions) requiring sophisticated software institutions with a customised but costly
functionality, with full real-time solution, which is difficult to maintain
integration and interoperability with other and re-engineer.
information systems and databases. The
Information Technology group within a The software packages of a general and
financial institution expects best of breed unsophisticated nature. This solution left
application software allied with industry a gulf between the requirements and the
standards to ensure robust and secure functionality offered with little, if any
integration. flexibility. Financial institutions were not
then able to control, enhance or indeed
3 Medium to large retail outlets face ever understand the internal processing and
increasing competition with the opening mechanics of the system.
of global markets, and recent regulatory
changes. They look to counter this Having learnt the problem of in-house
challenge with modern, cost effective systems and the generic software package,
systems. These systems need to provide an financial institutions have two options
innovative and reliable platform on which with todays suppliers:
to offer competitive products. One of the
most important factors for these financial 3 A best of breed approach with stand-
institutions is to change their focus from alone, bespoke software interfaced to the
a product-centric approach to a core banking application using
customer-centric model with customised middleware/data warehouse or point-to-
services in order to increase revenues point specific interfaces.
from existing clients.
3 An integrated package with the
3 Virtual financial institutions that base flexibility to be customised and enhanced
their growth on aggressive marketing and without relying upon the software vendor.
the latest technology, providing huge
reductions in overheads. This is a growing Both of the above provide an open
trend and these financial institutions look systems approach supporting
to vendors who share their vision to both sophisticated and reliable systems
establish and support this dynamic integration. TEMENOS T24 supports
banking initiative. both approaches and provides
unparalleled flexibility for supporting
With the complex array of business business models and systems flexibility.
objectives these institutions have relied on
one of two approaches towards solving
their system automation problems.
12 The Finance Business
evolve.
TEMENOS T24 PROVIDES ALL THE COMMON PROCESSES IN A CENTRAL
A few years ago the fashion was to have TEMENOS T24 provides all the common
dedicated systems for each business task. processes in a central core which includes
De-centralised business operations financial institution-wide functions such
deployed applications with limited scope as risk management, management
to solve a particular problem. This information and accounting.
approach was appropriate when budgets
were large, but meant duplicating many Being centralised, they provide a
business processes. It also entailed homogenous view of the entire financial
increased maintenance and increased total institution. This increases management
cost of ownership, which is simply not efficiency, reduces overheads and ensures
acceptable today. A further complication quality and security.
arose in getting these disparate systems to
interact and this complication increased In addition to the core are a broad and
cost, risk and complexity whilst comprehensive range of business
simultaneously decreasing efficiency and functions that are specialised and
speed of change. functionally rich. With a common look
and feel, all applications act in an identical
The key disadvantages inherent with way. With a few simple navigation skills
multiple systems, connections and clients can explore the entire system with
platforms are that changes become the confidence that each area will be
prohibitively slow, expensive and high risk. familiar and easy to understand.
3 Navigating through
a complex world.
14
The customer is the heart of any financial institution,
the customer is at the heart of TEMENOS T24.
TEMENOS T24 brings all essential and process and required data.
common functions into the heart of the
ONE'S DEMANDS FAR INTO THE FUTURE.
Profitability is shown net of funding and The Enterprise Console provides the IT
operational costs, enabling the institution function with the ability to understand
to clearly derive and understand the true and control TEMENOS T24s operation
contribution that each customer, at all times. It includes facilities to
department or product is making to the monitor queues, response times and
bottom line. activities in real-time. Warnings are issued
regarding exceptions such as unusually
Management Control, and Audit long response times, unusually high
backlog on queues etc. The console
With TEMENOS T24, security does not enables TEMENOS T24s activities to be
have to be a burden. All staff members started and stopped according to time and
have a profile, which defines permitted workload. The TEMENOS T24 Enterprise
access and functionality. Once signed on, Console may be controlled from other
TEMENOS T24 checks each activity enterprise-wide management systems.
against the profile to determine validity,
ensuring unacceptable attempted actions
are prevented and recorded.
The heart of TEMENOS T24 provides functionality needed for the smooth
a solid foundation for your institution running of day-to-day retail banking.
to manage customers, processes, The full range of teller transactions from
risks and monitor ongoing activities. deposit taking and cheque processing to
TEMENOS T24 provides specialised line till reconciliation and passbook printing
of business functionality which provides is exactly what TEMENOS T24 provides.
the full range of banking and In addition to in-branch operations,
financial services. TEMENOS T24 provides a full payments
infrastructure from simple retail funds
Retail and Small Business transfers and local clearing to
Banking international transfers supporting
international clients and businesses.
Significant shifts in consumer lifestyles
and life stages are a major force driving Meeting clients day-to-day banking
change within retail banking. With the requirements also means providing access
demise of the longest running bull market to services anytime, anywhere and
in history, an increasingly educated, anyhow. Complete multi-channelled
demanding, diverse and technically aware banking using call centres, internet,
customer is seeking more advice, more telephone, plus any new future channels
choice in financial facilities and, more allows customers full access to banking OF SEAMLESS OPERATION IN THE EVENT OF FAILURE
importantly, better service. Firms that services exactly when and how they want.
respond to these consumer demands have
OF ONE OR MORE HARDWARE COMPONENTS
TEMENOS T24 PROVIDES THE ASSURANCE
TEMENOS T24 has been designed to help TEMENOS T24 is a powerful front,
you effectively build and coordinate your middle and back-office treasury
relationships with clients and manage a management system providing fully
range of financial events across a multitude integrated treasury, risk management, and
of channels. The functionality is tailored accounting capabilities. It encompasses all
according to specific business processes the features you would expect in a
that ultimately ensure operational cost leading-edge system with flexible and
efficiency and an understanding of your comprehensive pricing models on all
customers demands. commonly traded instruments covering
Money Markets, FX, Futures and Options.
TEMENOS T24s brokerage functionality
enables financial institutions to offer The TEMENOS T24 treasury
advanced, end-to-end, multi-channel, functionality includes price quotation,
multi-market brokerage services. The position taking, mark-to-market, risk
solution encompasses the latest front-end management and VaR calculations. These
capabilities with a wealth of interactive are provided across the full range of cash
decision support tools, information feeds contracts, off-balance instruments and
and access points. As well as an astute derivatives. To control risk, transaction
back-end including order management limits and risk limits are monitored
and execution capabilities, the ability to financial institution-wide in real-time and
integrate other diverse banking services is on-line. This assists in hedges, the trade in
easily achieved. TEMENOS T24s brokerage domestic and international financial
functionality provides extensive facilities for markets, and the structuring of financial
trade, administration, safe custody and packages to customer requirements.
settlement of international securities.
The system is able to record and manage all Front Office
settlement events from the issue or receipt
of a security to maturity, including cash TEMENOS T24 is at home in the front
settlements, fees and commission. office as an integrated treasury
management solution. It presents
Treasury comprehensive dealer desktop, risk
management and performance
The challenges to develop and maintain a measurement capability across the full
competitive and efficient treasury range of physical and derivative treasury
operation have never been greater. The instruments. Deals can be priced and
flexibility to obtain volume on existing captured through the front office or
products while mastering new products, imported from external sources. The query
techniques and regulations requires engine provides analysis and reporting,
a flexible system and a provider at the producing result sets comprising any data
forefront of treasury operations. contained in the database.
22
plus improved EBS and Reuters Feeds TEMENOS T24 enables modelling of
3 Risk Analytics financial markets based on the derivation
3 Yield curve manipulation the ability of underlying yield curves based on
to shift the yield curve or perturb it market quotations for specific
along grid points instruments. Instruments can be chosen
DERIVED FROM MANY YEARS OF EXPERIENCE.
TEMENOS T24 drives efficiency in the From small commercial loans and
back office by providing efficient equipment leasing to placement of large
settlement and management of all back syndicated loans, TEMENOS T24 handles
office activities. From the use of SWIFT the full spectrum of Corporate Lending
messages and support for central utilities possibilities. This broad functionality
TEMENOS T24 automates key processes enables you to grow with your customer
to ensure a quick and efficient back to provide the best financing options
office operation. efficiently whilst retaining existing
relationships and nurturing new ones.
The full front-to-back managed
transaction lifecycle ensures proper With straightforward administration of
containment of operational risk with a Commercial Lending, TEMENOS T24
focus on reduced settlement cost and ensures efficient control and accounting
reduced data maintenance. of Loan, Leasing and Commitment
products.
Wholesale Banking
For the placement of significant corporate
Corporate Banking is undergoing a loans, TEMENOS T24 provides
number of marked changes that will sophisticated capabilities for Syndicated
fundamentally alter the nature of Lending. It comprises management of
wholesale banking. The ever-expanding syndications of large corporate and
needs of large and medium size commercial loan facilities to Agent and
institutions for real-time information and Participant functions once the syndicated
access to sophisticated products and loan is operational.
services at lower cost is driving the need
for a diverse product. Even long-standing TEMENOS T24 manages the entire life of
correspondent banking services present a a syndicated loan from lead manager
competitive offering. With this structural mandate through to the final maturity
change TEMENOS T24 makes the date of the loan with the ability to handle
difference in every business area by all the roles involved in this type of
offering more. lending from participant to agent.
From small commercial loans and equipment leasing to 25
Sub head
Text
TEMENOS Headquarters SA
18 Place des Philosophes
CH-1205 Geneva
Switzerland
To find out more about a TEMENOS office near you, please visit
www.temenos.com