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Temenos (SIX: TEMN) and Bahwan CyberTek (BCT), a worldwide digital transformation firm, right this moment introduced the signing of an unique strategic settlement to scale Temenos’ operations in India, Sri Lanka, Nepal, and Bhutan. As a part of the settlement, BCT will market, implement, and assist all Temenos merchandise and options in these international locations. The settlement is unique for seven years, and alerts Temenos’ dedication to long-term progress within the area.
As an unique Gross sales and Supply associate, BCT will allow Temenos to develop its market protection and deepen native experience by BCT’s community of 4,000 product engineering and digital providers practitioners and consultants. Monetary establishments in these geographies will profit from Temenos’ world-class banking platform and BCT’s world skilled providers and regional experience.
This settlement gives Temenos with enhanced visibility on profitability and money move and can assist Temenos speed up enterprise progress and sharpen buyer focus in these 4 international locations.
With BCT’s robust regional information, deep monetary providers business experience and complete providers capabilities, banks in India, Sri Lanka, Nepal, and Bhutan will have the ability to transfer away from the constraints of their legacy methods and migrate to Temenos’ trendy, open platform for composable banking. They are going to profit from accelerated modernization timelines, elevated effectivity and scale in operations and vastly enhanced buyer experiences.
S.Durgaprasad (DP), Co-founder, Director & Group CEO, BCT, stated: “We’re happy to forge this partnership with Temenos because it will increase our visibility and attain within the banking business. Monetary establishments are dealing with intense pressures from buyer calls for, rules and fierce competitors from new gamers getting into the business. Our robust monetary providers choices, deep regional experience and providers functionality mixed with the ability of Temenos’ main banking platform, locations us in a robust place to drive digital transformation for banks and monetary establishments.”
Erich Gerber, President, and Chief Income Officer, Temenos, stated: “We’re excited to announce this unique settlement with BCT, which opens up our addressable market and accelerates our progress by new enterprise alternatives in these geographies. Banks will profit from our vital R&D funding and innovation roadmap whereas BCT will deliver world-class skilled providers and a variety of complimentary know-how to drive quicker innovation, broader attain into these markets, and quicker adoption of our open platform for composable banking. By becoming a member of forces with BCT, we’ll ship extra worth to our purchasers empowering them to construct new enterprise fashions, new banking providers and provide superior buyer experiences.”
BCT is a worldwide group that develops, markets, implements and helps options within the areas of predictive analytics, digital provide chain administration, danger administration and digital expertise analytics enabling fast transformation, higher buyer engagement and state-of-the-art danger administration.
Temenos is the world’s main open platform for composable banking serving greater than 3,000 monetary establishments in over 150 international locations, serving to them develop, scale, and construct new banking providers for state-of-the-art buyer experiences.
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