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AmBank to upgrade from Temenos Globus to Temenos T24

Temenos Group, a provider of integrated core banking systems, has announced that Malaysia-based AmBank is planning to upgrade from Temenos Globus to Temenos T24 to support its Kuala Lumpur operations.

Temenos will install the core T24 functionalities on HP Unix servers using JBase database software. Temenos will also carry out development work to cater for the bank’s local requirements.

With Temenos T24, (T24) the bank will benefit from the technical foundation required to grow its treasury and corporate banking operations. The upgrade will enable the bank to reduce the time to market for its new Islamic treasury banking products.

T24 is a thin client, scalable, integrated, modular banking system. It is built on open system principles and uses established technology standards such as HTTP, XML and HTML. It will offer a single client view across the enterprise and can support large numbers of users with true non-stop resilience.

Teng Choy, director of group treasury at AmBank, said: Temenos’ technology has served us well over the last seven years. With the enlarged business, we need to ensure our systems continue to meet our growing and changing requirements. We’re keen to extend our partnership with Temenos and have chosen to adopt T24, which will enable us to quickly introduce new products to the market, including our Shariah-compliant products offering.