Support your growth journey by upgrading the Temenos Transact (T24) platform

Perspective

The digital workstyle has significantly impacted the operational and business paradigms of banks and financial

institutions. The number of functions that a bank’s mobile app offers is more contextual to customers than the number

of brick-and-mortar branches that the bank operates. As a result of digital disruption, banks’ growth trajectories

now revolve around their digital offerings. Be it customer acquisition, top-line or bottom-line growth, workforce

augmentation, or solutions growth, all growth parameters have a digital nucleus.

Across geographies and banking cultures, these institutions are striving to implement integrated click-n-go CXs across

banking functions. There are several marquee projects with the Temenos value proposition that Syncordis is delivering

globally, including the recent contract with one of the largest private wealth management banks in Singapore.

There is a significant gap between banks’ digital aspirations and realization, and that gap is created by strategy void. “All

dressed up and nowhere to go” defines many banks’ digital state of affairs. That is why, across geographies, banks are

seeking partnerships with fintech innovators and service providers who can fuel their digital-led multidimensional

growth strategies.

Against this backdrop, Syncordis, the pure-play Temenos global service provider has emerged as a global solutions

partner for banks and financial institutions. For fifteen years and in fifteen countries, the company has served over fifty

banks and wealth management clients with digital diligence.

The T24 upgrade can help Temenos clients grow with agilityand efficiencyBeing on the latest release of T24 is consistent with Temenos

Product Strategy and will allow Bank/Financial Institutes to take

advantage of the advancements in technology and functional

offerings Temenos products provide due to Temenos ongoing

R&D efforts.

Temenos’ objective is to have all the clients in the latest releases.

Temenos will save efforts to maintain the old codes and can

instead spend that effort in further R&D, product enhancements

and the client will benefit by reducing the maintenance cost to

Temenos. Thus being in the latest release is a win-win for both

Temenos and its clients.

The upgrade is NOT a major project anymore, Syncordis has

aligned with Temenos as the Managed upgrade partner and has

simplified the upgrade process which is very cost-effective. We

have set up an upgraded studio in our global delivery model to

help the client get the cost-benefit.

Overall, Temenos clients will be able to get the maximum value

from the Temenos software when moving to the latest release.

Benefit from the latest releases of T24

The new releases of T24 take care of the existing pain-points, fixes bugs, and thus enhances operational capabilities.

This will help banks fortify their strategic and tactical approaches and build strong holistic digital ecosystems. Further,

Syncordis’ robust R&D activities have created code-compatibility between the two generations of T24. The friction-free

local code conversion has cut the time-to-market significantly for the clients while offering these key benefits to banks:

• Accelerated digital journeys

• Reduced project risk

• Attractive project price point

• Reduced per-install cost

• RoE, RoI, and returns from operational efficiencies from day-01—No gestation period

• Better compliance and regulations readiness

The T24 upgrade advances the efficiencies of the current version from strategic, tactical, and operational standpoints.

Banks who take advantage of this latest release will be able to accelerate their growth journeys, propelled by the

tailwinds of the above features. On the way, they can realize strengthened RoE and RoI top lines, revenue topline, and

most importantly, market share expansion.

Functional Benefits

• New modules and latest enhanced functionality supporting business innovation and expansion

• Re-engineered business processes including Model Bank best practice, enabling streamlining of operations

• Functionality to support rapid development and launch of new products, with business agility to respond

quickly to market and customer demand

• Leveraging of Regulatory framework functionalities like IFRS, FATCA, SEPA, etc.

Technical and Operational Benefits

• Improved architecture, scalability and system performance

• Simplified and easier access to new product updates and periodic fixes

• Access to latest technology platforms from our key technology partners

• New and improved performance monitoring tools and consoles

• Reduced operational risk from old systems and customizations

Cost Benefits

• Unlocking the benefits from your investment in Core Banking

• Reduced TCO through business and technical efficiencies

• No extended maintenance costs

Leverage Syncordis’ dedicated upgrade facilities and ring-fenced capabilities for accelerated growthToday, the Temenos clients’ digital transformation market offers many choices, and each one of them follows a rigorous

upgrade calendar. However, for upgrades to be truly transformative, they ought to be tailor-made for each client. Those

projects activated with dedicated in-house facilities and ring-fenced capabilities offer better scoping and planning, and

a lean, agile, and responsive operative landscape.

The specialized and dedicated upgrade facilities act as key differentiators in banks’ digital growth journeys.

Syncordis incubates all its upgrade projects at its owned Upgrade Factory. Banks that migrate to the T24 upgrade

platform receive benefits from Syncordis’ global delivery model for optimized value generation. Important markers of

this model are:

• Faster time-to-market

• Attractive price point

• Shorter testing life cycle

• Scalable and elastic resourcing

• Smart workload spread

• Stretched workday

The T24 upgrade offers multiple layers of security, ease of operation, and enhancements. The call-to-action for

Temenos clients is to migrate to this new release and catalyze enterprise-wide multidimensional growth. Customer

acquisition will be faster and sustainable. Employee productivity and performance will amplify. And customer journeys

can be digitally delightful with features such as dashboard and browser innovations and anytime-anywhere banking.

The best bit of news often comes the last. With Syncordis having partnered with Temenos as their Managed Upgrade

Partner, your migration to the new release of T24 will only get better and faster. That gives you all the more reason to

be part of the T24 upgrade league.

Speed up your T24 upgrade with Syncordis Accelerators

Agile and competitive markets prefer fast upgrade life cycles that reduce go-to-market time. To achieve faster

software installs, the emphasis is on automated functions. By migrating to the new T24 suite, banks can take

advantage of these T24 accelerators:

Upgrade Assessment Tool, which:

• Automates the assessment process. It reduces time and effort inputs significantly—from days to minutes

• Empowers decision-makers with informed judgments

Code conversion utility tool that facilitates:

• Automated local code conversion – from TAFC to TAFJ

• Automated code conversion across all L3 protocols

This powerful tool reduces time and effort by up to 40%

Testing automation that enables:

• 80% automated test coverage for model bank modules

• 40% reduction in time-to-market by offering templatized test cases and automated test scripts from the extensive

T24 library

• 30% to 40% lesser time and effort on test preparation. This effort-saving occurs due to the reusability of the

existing T24 repository.

Syncordis, a Luxembourg based LTI Company, delivers high-quality end-to-end

implementation and system integration projects with an exclusive focus on Temenos

banking software such as Temenos Infinity, Temenos Transact, Temenos Fund

Administration, Temenos Infinity Wealth and Temenos DataSource. Syncordis is also the

first PSF company that is fully dedicated to Temenos services with capabilities to support

all Temenos software suites. With 12 offices across the globe, 500+ experts and

complementary services like regulated SaaS and production support, Syncordis enables

its international clients to master their digital transformation. This makes Syncordis one of

the one-stop service partners for Temenos clients worldwide. For more information please

visit www.syncordisconsulting.com

info@Lntinfotech.com

LTI (NSE: LTI, BSE: 540005) is a global technology consulting and digital solutions

Company helping more than 420 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 unrivaled real-world expertise to solve the most complex challenges of

enterprises across all industries. Each day, our team of more than 30,000 LTItes enable our

clients to improve the effectiveness of their business and technology operations, and

deliver value to their customers, employees and shareholders. Find more at

www.Lntinfotech.com or follow us at @LTI_Global