11 June 2007

Temenos has won The Banker's marketing technology of the year award for Temenos eMerge, its preconfigured 'bank in a box', specifically designed for microfinance and emerging markets. Based on Temenos T24, the company's modular core banking system, eMerge on T24 delivers the same core software implemented in over 500 banks across 110 countries and best industry practice from tier one banks around the world. Murray Gardiner, general manager for emerge at Temenos, said: "Micro- banks sit in large markets with huge growth potential, however they lack the technology to scale and offer banking services at an affordable price. By their very nature they have to be able to offer community lending at the lowest cost, so adopting effective technology that achieves a lower cost of ownership is a prerequisite for doing business." The Banker, the Financial Times Group's global banking publication, launched its technology awards in 2003 and they are now acknowledged as the most prestigious in the industry. The awards recognise new concepts and ideas that allow financial institutions to break ahead of the competition.

Stephen Timewell, editor-in-chief of The Banker, commented: "eMerge was the clear winner of The Banker's marketing technology award. It is a solution that meets the specific requirements of both emerging markets and of microfinancing. The judging panel were impressed by not only the technology, but how truly cost effective it was in terms of implementation as well as the level of service offered by Temenos."

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