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Bank of China International Limited taps Hong Kong wealth management market with new banking platform

7 September 2010 – Temenos (SIX: TEMN), the market leading provider of banking software, today announced that Bank of China International Limited (BOCIL), a wholly owned subsidiary of BOC International Holdings Limited (BOCI), has launched private banking operations in Hong Kong on TEMENOS T24 (T24) Model Bank running on Microsoft SQL Server 2008. BOCIL will deliver a comprehensive suite of high-end wealth management services exclusively for affluent private banking clients with net assets of US$ 1 million and above.

Microsoft and Temenos Prove Scale of Support for the Largest Retail Banking Operations

Performance testing reveals revolutionising technology options for large banks and dramatically reduces core banking transaction processing costs.

REDMOND, Wash., and GENEVA — Sept. 1, 2010 — Microsoft Corp. and Temenos (SIX: TEMN), the global provider of banking software, today announced the successful completion of a high-performance benchmark that measured the high-end scalability of TEMENOS T24 (T24) on Microsoft SQL Server 2008 R2 and Windows Server 2008 R2 Datacenter.

The testing environment, created to reflect real-world retail banking activity volumes, was made up of 25 million accounts and 15 million customers across 2,000 branches. At peak performance the system processed more than 3,400 transactions per second in online testing and averaged over 5,200 interest accrual and capitalisations per second during close of business processing. The testing demonstrated near linear scalability (95 percent) in building up toward the final the hardware configuration.

Temenos and CSC Announce Strategic Partnership

GENEVA, 18 August 2010 -- Temenos (SIX: TEMN), the market leading provider of banking software, and CSC (NYSE: CSC), a leading global IT service provider today announced a strategic partnership agreement to enhance the delivery and service capabilities for Temenos core banking solutions in Germany, Austria and Switzerland. In partnership, Temenos and CSC will offer core banking solutions with a fast and cost-efficient implementation.

Kay Luhle, Regional Manager, Temenos comments: “CSC’s expertise and delivery skills in the German speaking market, combined with Temenos’ award winning products and local services infrastructure offers a strong proposition to the region. This partnership will build and support key components of our TEMENOS T24 (T24) German Model Bank platform which provides best practices and specific regulatory requirements for German speaking territories. Having CSC on board reaffirms Temenos’ commitment to working with trusted partners that provide local expertise and proven methodologies that complement our solutions and provide clear benefits our clients.

Ethiopia’s largest bank selects TEMENOS T24

Temenos continues to expand AML client base and celebrates launch of ARC Mobile with first customer

2 August 2010 – Temenos (SIX: TEMN), the market leading provider of banking software, today announced that the Commercial Bank of Ethiopia (CBE), the country’s largest bank with more than two million customers, has selected Temenos to transform its entire operational infrastructure across more than 200 branches. CBE’s operational improvement plans will modernise its services to its growing client base in Ethiopia as part of its vision to become a World Class bank in the region. CBE is a government owned bank which offers a range of retail banking services, which has already opened a subsidiary company in Southern Sudan with plans to extend its services to other East African countries.

Metro Bank opens its doors in the UK with TEMENOS T24

Metro Bank opens its doors in the UK with TEMENOS T24

LONDON, 29 July 2010 – Temenos (SIX: TEMN), the market leading provider of banking software, announced that Metro Bank, the first full service bank to enter the UK retail banking market in over a century launched its operations on TEMENOS T24 (T24).

Metro Bank will offer unparalleled customer service with a unique branch approach, underpinned by a convenience with quality business model to serve the banking needs of the consumer and business communities. It pledges to deliver the ultimate customer experience through exceptional service delivery. Customers will benefit from extended opening hours with branches in operation 361 days of the year, a 24/7 London based call centre, online banking facilities and rapid account opening services with debit and credit card issuance in 15 minutes.

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Financial Term Of The Day

Equity
Ownership interest in a corporation in the form of common stock or preferred stock. It also refers to total assets minus total liabilities, in which case it is also referred to as shareholder's equity or net worth or book value. In real estate, it is the difference between what a property is worth and what the owner owes against that property (i.e. the difference between the house value and the remaining mortgage or loan payments on a house). In the context of a futures trading account, it is the value of the securities in the account, assuming that the account is liquidated at the going price. In the context of a brokerage account, it is the net value of the account, i.e. the value of securities in the account less any margin requirements.