Systems Limited and Temenos Collaborate for APAC Banking Enhancement

Systems Limited, a leading technology partner of Temenos, has recently signed an agreement to enhance and license Temenos Country Model Banks for financial institutions in five countries across the Asia-Pacific region. The collaboration aims to provide advanced functionality and service capabilities tailored to the specific market requirements of Indonesia, Malaysia, Vietnam, Myanmar, and Brunei.

Systems Limited will invest in developing regulatory and business-specific features to enrich Temenos Model Banks in these regions, leveraging its expertise in banking technology and experience in deploying Temenos platforms for global banks. The primary goal is to equip financial institutions with tools that reduce costs, risks, and enable rapid deployment.

Temenos Country Model Banks offer pre-configured banking models that seamlessly integrate with Temenos' platform and Software as a Service (SaaS) offerings. Through this partnership, Temenos aims to expand its market reach and scalability by having Systems Limited develop new model banks for the mentioned countries.

The collaboration builds upon the longstanding relationship between Systems Limited and Temenos, with Systems Limited being recognized as the Temenos MEA Delivery Partner of the Year 2023. Ramki Ramakrishnan, Managing Director – APAC, Temenos, emphasized the importance of Country Model Banks as a key differentiator for Temenos and highlighted the value that partners like Systems Limited bring to the platform.

Systems Limited's dedication to advancing the financial technology landscape in the APAC region is evident through its tailored services and prebuilt functionalities that cater to the specific needs of the local banking industry. By supporting banks in the APAC region, Systems Limited aims to drive growth and innovation in the global banking sector.

The partnership between Systems Limited and Temenos signifies a significant step towards enhancing banking technology in the Asia-Pacific region. With a focus on providing tailored solutions and driving innovation, this collaboration is set to benefit financial institutions in Indonesia, Malaysia, Vietnam, Myanmar, and Brunei, ultimately improving their operations and service capabilities on the Temenos banking platform.