– Powered by Temenos, LTI’s Banking-as-a-Service platform modernizes legacy core banking techniques, quickly and effectively
MUMBAI, India, Dec. 1, 2020 /PRNewswire/ — Larsen & Toubro Infotech (LTI), a world expertise consulting and digital options firm, has partnered with Temenos, the banking software program firm, to launch Digital Banking Platform, powered by Temenos expertise. The platform will modernize legacy core banking techniques within the Nordic area, enabling monetary establishments to be extra agile and scalable whereas lowering working prices. Banks will even have the ability to leverage the platform to launch new services quicker.
With its complete capabilities, the Digital Banking Platform offers end-to-end integration with Temenos Transact, Temenos Infinity, Temenos Funds, and Temenos Monetary Crime Mitigation in addition to Fintech options like regulatory reporting, authentication, KYC options, card providers, and fee options accessible on Temenos Market. LTI and its fully-owned subsidiary, Syncordis Consulting, a number one Temenos professional within the European area for greater than 15 years, will present implementation and managed providers.
The partnership heralds a brand new period for Nordic banks because it brings collectively LTI’s experience within the area and its deep understanding of Temenos performance and superior cloud-native, cloud-agnostic, AI and API-first expertise options, loved by over 3,000 banks in over 150 nations.
Sanjay Jalona, CEO & Managing Director, LTI, mentioned, “This partnership of Temenos and LTI brings unmatched expertise, experience, and keenness for innovation to the banks and monetary establishments within the Nordic area. The brand new highly effective banking platform based mostly on Temenos’ cloud-native expertise, will allow banks to scale, modernize, and scale back IT value considerably. By means of our unique Temenos Accelerator Toolkit, we amplify outcomes with a quicker time-to-market and proceed to offer excellent banking modernization providers that empower banks to take a quantum leap of their digital transformation journey.”
Max Chuard, Chief Government Officer, Temenos, mentioned, “It is a strategically necessary signing for Temenos within the Nordics. We’re delighted to increase our partnership with LTI and Syncordis to supply to the market the following era digital banking platform. Along with our companions, we’re providing banks entry to LTI’s world banking experience throughout the complete Temenos’ options utilized to the particular wants of the Nordic area. Our superior cloud and AI expertise mixed with our wealthy banking nation mannequin financial institution performance is changing into the de facto selection for the Nordic banks and monetary establishments. We allow banks to modernize their legacy techniques, future-proof their banking platform whereas providing modern providers to their prospects.”
LTI is likely one of the main IT Service Suppliers within the Nordic region. The IT Sourcing Examine 2020 by Whitelane Analysis ranks LTI at #2 by way of buyer satisfaction throughout Europe. The corporate counts main banks and monetary establishments amongst its shoppers within the area.
LTI (NSE: LTI) is a world expertise consulting and digital options Firm serving to greater than 400 shoppers achieve a converging world. With operations in 32 nations, we go the additional mile for our shoppers and speed up their digital transformation with LTI’s Mosaic platform enabling their cellular, social, analytics, IoT and cloud journeys. Based in 1997 as a subsidiary of Larsen & Toubro Restricted, our distinctive heritage offers us unrivalled real-world experience to unravel essentially the most advanced challenges of enterprises throughout all industries. Every day, our workforce of greater than 32,000 LTItes allow our shoppers to enhance the effectiveness of their enterprise and expertise operations and ship worth to their prospects, workers and shareholders. For extra info please go to www.lntinfotech.com or comply with us at @LTI_Global
Temenos AG (SIX: TEMN) is the world’s chief in banking software program. Over 3,000 banks throughout the globe, together with 41 of the highest 50 banks, depend on Temenos to course of each the day by day transactions and consumer interactions of greater than 1.2 billion banking prospects. Temenos affords cloud-native, cloud-agnostic and AI-driven entrance workplace, core banking, funds and fund administration software program enabling banks to ship frictionless, omnichannel buyer experiences and achieve operational excellence.
Temenos software program is confirmed to allow its top-performing shoppers to attain cost-income ratios of 26.8% half the trade common and returns on fairness of 29%, thrice the trade common. These shoppers additionally make investments 51% of their IT funds on development and innovation versus upkeep, which is double the trade common, proving the banks’ IT funding is including tangible worth to their enterprise.
For extra info, please go to www.temenos.com
As LTI’s Temenos follow, Syncordis delivers high-quality end-to-end implementation and system integration initiatives. As well as, Syncordis affords complementary providers resembling regulated SaaS (PSF licensed) and manufacturing help masking all Temenos merchandise and surrounding third celebration techniques.
An in depth professional pool of native and offshore professionals offers each enterprise and technical experience, and tailors every undertaking to the consumer’s particular person necessities and wishes. It’s Syncordis’ mission to drive digital excellence within the banking sector and assist all shoppers notice the ability of digital transformation whereas additionally offering a fantastic place to work for all workers. www.syncordisconsulting.com