Case Study Social Development Bank in Europe Achieves Temenos T24 Upgrade in Four Months
Case Study Social Development Bank in Europe Achieves Temenos T24 Upgrade in Four Months
Case Study Social Development Bank in Europe Achieves Temenos T24 Upgrade in Four Months
A multilateral development bank established in 1956 to resolve the As the bank deals with multiple stakeholders, it wanted to
problems of refugees. The firm has since slowly expanded and digitalize its operations further. The bank’s existing systems were
finances social initiatives in order to help its 41 member states not equipped to handle the changes that the bank wanted to
achieve sustainable and inclusive development. undertake for its transformation. Hence, it decided to upgrade its
current Temenos T24 R13 TAFC version, to keep in line with
regulatory challenges they faced, and reduce annual maintenance
costs with an effective service management model.
Solution & Implementation
The team focused on the upgrade to Temenos T24 R17 TAFC. It • Temenos tools and modules allow for faster time to market
aimed to boost exclusive Temenos upgrade with tools such as code and increased ROI
screening, automate authorization, deployment, versioning, auto • Quicker COB monitoring with optimized services adapted
COB, etc. The Syncordis team was also responsible for code to business needs
conversion (local and core) for the upgrade and core banking issues.
• Utilization of the latest T24 and market technologies
They coordinated with Temenos Customer Service Desk, technical
teams, etc., for all support issues. The team was able to successfully
complete the Technical Upgrade, System Integration Testing, UAT
support, COB Automation, Go-Live, and Post-Live Support, Ledger
and reconciliation with its solution within a period of four months.
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1997 as a subsidiary of Larsen & Toubro Limited, our unique heritage gives us dedicated to Temenos services with capabilities to support all Temenos
unrivaled real-world expertise to solve the most complex challenges of software suites. With 12 offices across the globe, 500+ experts and
enterprises across all industries. Each day, our team of more than 30,000 complementary services like regulated SaaS and production support,
LTItes enable our clients to improve the effectiveness of their business and Syncordis enables its international clients to master their digital
technology operations, and deliver value to their customers, employees and transformation. This makes Syncordis one of the one-stop service partners
shareholders. for Temenos clients worldwide.
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