26 September 2008

In Temenos, we found a partner that shares our commitment to deliver best-of breed-technology through low risk implementations in record timeframes

Brent Jackson, CEO, Rubik Financial Temenos has signed a strategic licence partnership agreement with Rubik Financial, to deliver its T24 retail banking solution to financial institutions in Australia and New Zealand.

From 2009, Rubik Financial will offer Temenos T24 Model Bank on Microsoft Windows Server and SQL Server, with a full range of retail core banking services include phoning and Internet banking, touch screen kiosks, payments and credit cards.

Rubik Financial’s recent acquisitions have enabled it to provide channel and payments solutions and services to over 190 financial institutions. Its partnership with Temenos makes it the first T24 hosted provider to the Australia and New Zealand regions.

“In Temenos, we found a partner that shares our commitment to deliver best-of breed-technology through low risk implementations in record timeframes,” said Brent Jackson, CEO of Rubik Financial. “With this partnership we will provide tier two and tier three financial institutions based in Australia and New Zealand with modern front-to-back capabilities enabling them to deliver the complete range of sophisticated retail banking operations.”

Rubik Financial evaluated 33 core system vendors, and selected T24 based on its architecture and its proven track record in Australia and New Zealand, as well as its multi-brand and hosting capabilities.

“We are delighted to enter into this agreement with Rubik Financial as it extends our market reach beyond the traditional direct model in Australia and New Zealand,” said Andreas Andreades, CEO of Temenos “We expect that this partnership will enable T24 to become the leading core banking application in Australia over the next five years, and will allow us to extend our services to more than 200 financial institutions in these regions.”