|By Business Wire||
|March 18, 2014 04:00 AM EDT||
Fiorano Software today announced that Temenos, the market leading provider of banking software has partnered with Fiorano Software to provide Temenos T24 customers an 'out of the box' integration solution for their core banking system, making it an ideal choice for T24 clients who do not have an incumbent ESB (Enterprise Service Bus) as well as those implementing a 'bank in a box' solution.
Typically forty percent of the core banking implementation effort is involved in interfacing with multiple applications. “When Temenos first started implementing T24, there were just four or five external interfaces; we now have to interface with fifty to sixty applications for a typical mid-sized bank and for some of the bigger banks it can be up to three hundred interfaces to the core banking platform. A very large part of the banking implementation is integration. We knew we need a partner to provide an ‘Out of the Box’ solution andwe chose Fiorano to be that partner” said Mr. John Schlesinger, Chief Enterprise Architect at Temenos.
As technology becomes an increasingly important part of a banks' strategy, regardless of the size of the bank, the market is always looking for any advancement that enables speed and agility. T24 on Fiorano ESB incorporates proven enterprise architecture, service delivery, deployable business functionality and an integrated portfolio of event driven business services.
Both Temenos and Fiorano have been well recognized by Gartner, the industry analyst firm. Temenos has been positioned in the Leaders’ Quadrant in its “Magic Quadrant for International Retail Core Banking” (October 2013) and Fiorano has been positioned in the Visionary quadrant in its recently-published "Magic Quadrant for On-Premises Application Integration Suites" (June 2013).
Fiorano has been a trusted provider of enterprise integration middleware, high performance messaging and distributed systems. Fiorano's innovative event-driven SOA platform integrates applications and complex technologies into an enterprise nervous system. Global leaders including Barclays Bank, Federal Bank, RBS, Morgan Stanley, POSCO, Schlumberger, US Coast Guard, British Telecom and Vodafone have deployed Fiorano to drive innovation through open, standards-based, event-driven SOA applications yielding unprecedented productivity.