PR90116

GENEVA, June 16, 2021 /PRNewswire=KYODO JBN/ --

  -- Temenos will provide Societe Generale Payment and Cash management

activities with a unified, cloud-native platform for account management in

Europe and Asia, and payment services for corporate and financial institution

customers in Asia

  -- Next-generation platform enables Societe Generale to innovate fast and

deliver differentiating services to meet the evolving needs of its global

corporate customers

  -- With Temenos, Societe Generale will adopt ISO 20022 for payments messaging

and comply with international payment schemes across multiple jurisdictions

Temenos (SIX: TEMN), the banking software company, today announced that Societe

Generale, one of the largest banks in Europe by total assets, has selected

Temenos to modernize the account management and payment systems for its Global

Transaction Banking activities in Europe and Asia.

Global Transaction Banking is big business. According to McKinsey, the sector

generates $1 trillion in revenues each year and represents 40% of all global

banking revenues.

Societe Generale is a global leader in the sector, providing a comprehensive

and integrated range of services to address the operational and day-to-day

transaction needs of its corporate and institutional clients.

In the face of a technology revolution reshaping customer expectations and the

competitive landscape, Temenos agile technology platform will enable Societe

Generale to deliver sophisticated corporate banking products and services with

digital-first experiences to stay ahead of the curve.

Societe Generale will replace existing legacy systems with Temenos'

cloud-native banking platform in 13 countries across Europe and Asia as part of

a strategic transformation plan to offer new and differentiating global

transaction banking services and drive growth.

Leveraging Temenos Transact's rich corporate banking functionality, Societe

Generale aims to bolster its products and services offering with additional

ones, seeking to both better meet the needs of its clients and support a

segment identified as a key growth area in the future.

Temenos Payments will provide the payments engine for financial transactions

across all Asian countries. With this next-generation platform, the bank's

international entities will be ISO20022-ready domestically and internationally.

And the bank will benefit from the agility and flexibility to process payments

from any channel, external or internal, with different message or file formats,

all in real-time.

Temenos cloud-native technology will enable Societe Generale to adopt a hybrid

implementation with Temenos software in its datacenters or in the cloud - all

running from the same source code. Operating on a unified platform for account

management and payments across geographies is expected to significantly

increase operational efficiency and agility while reducing cost and risk.

Philippe Morère, Global CIO and deputy COO, Societe Generale Global Business &

Investor Solutions, said: "Temenos is a proven solution that offers the

functionality and agility to deliver a better banking experience to our

customers with the scalability and performance to support future growth.

"A big advantage of Temenos is the ability to operate a unified platform

on-premise or on the cloud, providing services that can be easily integrated

with our digital B2B Platform SG Markets. As for Asia, Temenos' unified

platform for core banking and payments across geographies will help us to

optimize processing efficiencies and enhance service innovations for our

transaction banking clients."

Max Chuard, CEO, Temenos, added: "We are proud to partner with such a

prestigious Tier 1 bank to accelerate their digital transformation.  With

Temenos' cloud-native, API-first technology, the bank can innovate with speed,

ease, and efficiency to meet the evolving needs of its global transaction

banking clients. This strategic modernization will future-proof the bank's

technology infrastructure, allowing it to transition to the cloud at its own

pace. To be selected by Societe Generale for this important project

demonstrates our technology leadership and our shared vision to make banking

better."

Temenos' architecture is open-API based. It allows data to flow across the

functional business lines of a corporate bank from payments to cash management,

enabling efficiencies and lower total cost of ownership from the consolidation

of systems and new business models. Forrester has recognized Temenos'

investment and innovation, and the platform was named a leader in The Forrester

Wave™: Digital Banking Processing Platforms (Corporate Banking), Q3 2020.

Temenos Payments is also recognized as a Leader in the IDC MarketScape for

Worldwide Integrated Payment Platforms (

https://www.temenos.com/insights/white-papers-reports/idc-marketscape-worldwide-integrated-payment-platforms-2019-2020-vendor-assessment/

) and ranked #1 best-selling payments system in the IBS Intelligence Sales

League Table (

https://www.temenos.com/news/2021/06/14/ibs-recognizes-temenos-as-the-1-best-selling-banking-software-in-nine-categories-more-than-any-other-technology-provider/

) for the past three years.

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.

SOURCE: Temenos