focus on developing systems for all types of financial companies that will cover commercial and operations management as well as compliance with current legislation.
The new alliance will allow both companies to offer technological solutions of international standard to financial institutions, either major banks or small financial companies. Banks are in constant search of technological advancement, be it at local or regional levels. The project jointly developed by Cubika and TEMENOS is thought as an ideal solution for financial institutions in processes related to software development, applications integration, Legacy system migration and general consultancy services.
Cubika offers a portfolio of added value solutions in the e-banking sector. The company's latest project locally developed was the e-banking system of Banco Credicoop.
TEMENOS is the worldwide leader in banking software on retail and wholesale levels, covering all the mission critical applications of a demanding business that operates 24x7. Temenos operates in 100 countries and has a customer base of more than 300 clients, including Banque de France, Bank of Shangai, ING Bank, Bank of China and Rabobank.
TEMENOS' solutions offer a wide and flexible range of products that enhance the competitiveness of banks in a market that is constantly changing and renewing itself. Their solutions are intended to create a homogeneous vision of financial institutions. With this, management efficiency and quality is ensured, as well as a reduction in costs and security of information.
Temenos T24 is a modular, integrated, scalable, light-client banking system with different functions to meet the requirements of every type of bank. The product is built on open architectures and relies on standards such as HTTP, XML and J2EE. It rests on a customer-based vision and, given its flexible architecture highly resistant to flaw, it has been designed to manage high volumes of transactions. T24 also offers support of multiple application servers and is the only available application without an end-of-day batch processing, thus creating a genuine, real-time 24x7 system.
“The financial segment in Argentina is -along with the telecommunications sector- the main technology hunter. Nowadays, institutions not only are faced with a market that operates more and more with banks, but also with an industry that exerts an increasing regulatory pressure. The alliance with Temenos allow us to suit every need in terms of commercial strategy, operations processes and regulatory control”, states Sebastián Gryngarten, Cubika's Director.
Andreas Andreades, TEMENOS CEO remarked: “The alliance with Cubika allow us to bring to Argentina and to Latin America technologies that have already been tried by financial institutions in Europe, Africa, Asia and the United States. Cubika is very well acquainted with the South American market and, bearing in mind the regulations and application policies in the local markets, it is critical to the successful adaptation and support of our technology”.
