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| Temenos launches Temenos CoreBanking version 7.0 | |
| 18th June 2007 Temenos Group has announced the release of version 7.0 of Temenos CoreBanking (TCB), its core banking application for large-scale retail and commercial banks. The company has made the release available to all clients and prospects, and is shipping it to those engaged with TCB implementation projects. It says firms can benefit from several improvements to TCB, including updated data models to align the system with the latest IBM Information FrameWork and FSDM standards. Version 7.0 also forms the basis of Temenos' product development for top-tier US financial institutions. The updated data models in this latest release provide a solid foundation for the architecture and surrounding documentation, including the way the system is modelled, key considerations when embarking on replacement projects. Other enhancements include improved processes around change management; the conversion to English of product artefacts such as the data model, business code and user interface, as well as changes to end of day processing to enable independence from operational software. Greg Green, managing director, TCB, Temenos, says: “This is an important milestone for us and positions us firmly in the top tiers of retail banking software with a truly packaged offering. By making the release available to all clients and prospects simultaneously, we are adopting a strategic approach to packaged software development. We've also combined technologies by being able to deploy both a COBOL and Java version from a single business rules engine, a unique feature of TCB. This allows us to offer unparalleled resilience and scalability today, future-proofed through our JAVA technology offering.” |
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