Unchallenged benefits of foreign banking systems (ABS) is an access to modern technology, high performance and broad functionality. The main disadvantage, however, is the low adaptability to local legal requirements. ProFIX company has the competence and experience in the implementation and adaptation of foreign banking systems in banks of various countries. In particular, the company has automated localization projects for the Temenos T24 banking system in the banks of Ukraine, Kazakhstan, Latvia, Russia.
What are the advantages of Temenos T24?
Temenos® T24 (T24) is an automated banking system developed by the world famous company Temenos Group AG ™. Temenos Group is a global supplier of automation systems and products for various areas of banking activity: retail, corporate customers, Islamic banking, microfinance and other.
Temenos T24 is a unique platform that is adapted to support the financial transactions in the wholesale, retail, investment banks and other financial institutions. Temenos T24 combines a wide range of features with a scalable architecture.
Combining a wide and flexible range of features with a scalable architecture, Temenos T24 system is accepted in the banking sector, de facto, as a world standard and is an indicator of the high level of any financial institution. Implementation of Temenos T24 allows banks:
- facilitating the establishment of international relations,
- accelerating the consolidation processes of large financial and industrial groups with attracting of investors’ funds.
T24's flexibility enables banks to launch new products quickly and efficiently, avoiding stoppages in the delivery of existing services. T24 provides a continuous management of processes, starting with the sale of the system, ending with implementation and delivery. Banks choosing T24, get more efficient work and often use T24 to transform and optimize their business processes and workflow.
What does ProFIX offer?
ProFIX company is one of the first in the Ukrainian market implemented projects for implementation and localization of Temenos T24. Since 2005 our experts have participated in international projects for implementation of T24 in the following banks: Ukrsotsbank (Ukraine), National Bank of Kazakhstan, Baltic International Bank (Latvia), VTB (Russia). Employees of the company provided consulting services related to both the implementation of T24 products and development of solutions on T24 platform under requirements of banks and local laws. The most significant result of the work are:
- interface between T24 and Bloomberg Request Builder®,
- interface between T24 and internet banking system BankWorld® (CR2™),
- interface between T24 and money transfer system MoneyGram.
These interfaces are ready solutions for financial institutions with extensive custom parameterization and provided with detailed documentation. Also ProFIX employees have extensive experience in creation of complex reports for various purposes by means of standard mechanisms of Temenos T24 Enquiry and CRF.
For more information on the project implementation and adaptation of the ABS Temenos T24, please, refer to our experts: