Temenos wins the Banking Technology Readers’ Choice Award with T24

GENEVA, Switzerland, 6 November 2009 - Temenos (SIX: TEMN), the global provider of integrated core banking systems, is pleased to announce that it has won for the third year running the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards for its packaged core banking software Temenos T24 (T24).

The European Banking Technology Awards reflect excellence across a range of IT activities in banking and financial services, and highlight the growing trend among financial institutions for selecting packaged software solutions from independent technology providers rather than costly in-house developments. A total of 850 votes were cast for The Readers’ Choice Awards and Temenos was recognised as the best vendor of core banking systems in the market.

At the awards gala dinner at the Grosvenor House Hotel, in London, where over 500 guests from leading financial institutions and technology suppliers were present, David Bannister, editor of Banking Technology commented: “Temenos has won this award ever since we launched the Readers Choice category. We congratulate Temenos on this impressive achievement and wish them best of luck for 2010.”

Andreas Andreades, CEO of Temenos, said: “We are delighted to have won this prestigious award for the third year running in celebration of our consistent leadership in this market. By investing around 20% of our revenues in research and development, significantly more than our peers, we are able to consistently provide our clients with technologically-advanced, innovative and flexible software that empowers them to grow their business whilst reducing costs and controlling risk. In 2009, through product innovation, a cornerstone of our success, we are offering our clients solutions in the areas of Business Intelligence and Front office through our ARC and Insight products. As a truly packaged product, T24’s open architecture enables us to work with all leading technology vendors, giving banks the platform and database freedom of choice they require whilst allowing us to maintain the same standard code and ease of upgradability that we offer to all our clients, allowing them to take advantage of our product investment year after year”.

About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SIX: TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 51 offices worldwide, Temenos serves over 700 customers in more than 120 countries. Temenos’ software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos’ experience in over 600 implementations around the globe. Temenos’ advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations.. Temenos is top of the IBS Sales League Table 2008, winner of the Best Core Banking Product category in Banking Technology magazine’s Readers’ Choice Awards 2008 and is listed in the American Banker top 100 FinTech companies. Temenos customers are proven to be more profitable than their peers: data from The Banker – top 1000 banks shows that Temenos’ customers enjoy a 62% higher return on assets, a 54% higher return on capital and a cost/income ratio that is 7.2 points lower than non-Temenos customers.

For more information please visit www.temenos.com

Other Temenos contacts:

Max Chuard
Temenos Director
Corporate Finance & IR
Member of the Executive Board
Tel: +41 (0) 22 708 1157
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Petra Shuttlewood
Temenos PR Manager
Tel: +44 (0) 207 423 3751
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Ben Robinson
Director, Strategic Planning
T: +41 (0) 22 708 1535
M: +41 795 207208/ +44 7803 887929
This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Sarah Mason
Team 660
Metia for Temenos
Tel: +44 (0) 20 3100 3613
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Melanie Hesketh
Team 660
Metia for Temenos
Tel: +44 (0) 20 3100 3584
Email: This e-mail address is being protected from spambots. You need JavaScript enabled to view it