PR86936

MUMBAI, India, December 1, 2020 /PRNewswire=KYODO JBN/ --

- Powered by Temenos, LTI's Banking-as-a-Service platform modernizes legacy

core banking systems, rapidly and efficiently

    Larsen & Toubro Infotech (LTI), a global technology consulting and digital

solutions company, has partnered with Temenos, the banking software company, to

launch Digital Banking Platform, powered by Temenos technology. The platform

will modernize legacy core banking systems in the Nordic region, enabling financial

institutions to be more agile and scalable while reducing operating costs. Banks will

also be able to leverage the platform to launch new products and services faster.

    With its comprehensive capabilities, the Digital Banking Platform provides

end-to-end integration with Temenos Transact, Temenos Infinity, Temenos

Payments, and Temenos Financial Crime Mitigation as well as Fintech solutions

like regulatory reporting, authentication, KYC solutions, card services, and

payment solutions available on Temenos Marketplace. LTI and its fully-owned

subsidiary, Syncordis Consulting [https://www.syncordisconsulting.com/], a

leading Temenos expert in the European region for more than 15 years, will

provide implementation and managed services.

    The partnership heralds a new era for Nordic banks as it brings together

LTI's expertise in the domain and its deep understanding of Temenos

functionality and advanced cloud-native, cloud-agnostic, AI and API-first

technology solutions, enjoyed by over 3,000 banks in over 150 countries.

    Sanjay Jalona, CEO & Managing Director, LTI, said, "This partnership of

Temenos and LTI brings unmatched experience, expertise, and passion for

innovation to the banks and financial institutions in the Nordic region. The

new  powerful banking platform based on Temenos' cloud-native technology, will

enable banks to scale, modernize, and reduce IT cost significantly. Through our

exclusive Temenos Accelerator Toolkit, we amplify outcomes with a faster

time-to-market and continue to provide outstanding banking modernization

services that empower banks to take a quantum leap in their digital

transformation journey."

    Max Chuard, Chief Executive Officer, Temenos, said, "This is a

strategically important signing for Temenos in the Nordics. We are delighted to

expand our partnership with LTI and Syncordis to offer to the market  the next

generation digital banking platform. Together with our partners, we are

offering banks  access to LTI's global banking expertise across the full

Temenos' solutions applied to the specific needs of the Nordic region. Our

advanced cloud and AI technology combined with our rich banking country model

bank functionality is becoming the de facto choice for the Nordic banks and

financial institutions. We enable banks to modernize their legacy systems,

future-proof their banking platform while offering innovative services to their customers."

    LTI is one of the leading IT Service Providers in the Nordic region

[https://www.lntinfotech.com/nordic/]. The IT Sourcing Study 2020 by Whitelane

Research ranks LTI at #2 in terms of customer satisfaction across Europe. The company

counts leading banks and financial institutions among its clients in the region.

     About LTI:

    LTI (NSE: LTI) is a global technology consulting and digital solutions

Company helping more than 400 clients succeed in a converging world. With

operations in 32 countries, we go the extra mile for our clients and accelerate

their digital transformation with LTI's Mosaic platform enabling their mobile,

social, analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of

Larsen & Toubro Limited, our unique heritage gives us unrivalled real-world

expertise to solve the most complex challenges of enterprises across all

industries. Each day, our team of more than 32,000 LTItes enable our clients to

improve the effectiveness of their business and technology operations and

deliver value to their customers, employees and shareholders. For more

information please visit www.lntinfotech.com or follow us at @LTI_Global

    About Temenos:

    Temenos AG (SIX: TEMN) is the world's leader in banking software. Over

3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos

to process both the daily transactions and client interactions of more than 1.2

billion banking customers. Temenos offers cloud-native, cloud-agnostic and

AI-driven front office, core banking, payments and fund administration software

enabling banks to deliver frictionless, omnichannel customer experiences and

gain operational excellence.

    Temenos software is proven to enable its top-performing clients to achieve

cost-income ratios of 26.8% half the industry average and returns on equity of

29%, three times the industry average. These clients also invest 51% of their

IT budget on growth and innovation versus maintenance, which is double the

industry average, proving the banks' IT investment is adding tangible value to

their business.

    For more information, please visit www.temenos.com

    About Syncordis:

    As LTI's Temenos practice, Syncordis delivers high-quality end-to-end

implementation and system integration projects. In addition, Syncordis offers

complementary services such as regulated SaaS (PSF certified) and production

support covering all Temenos products and surrounding third party systems.

    An extensive expert pool of local and offshore professionals provides both

business and technical expertise, and tailors each project to the client's

individual requirements and needs. It is Syncordis' mission to drive digital

excellence in the banking sector and help all clients realize the power of

digital transformation while also providing a great place to work for all

employees. www.syncordisconsulting.com

   Logo: https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg

   Source: LTI