Temenos (SIX: TEMN), the software specialist for banking and finance, today announces that a major European bank has selected UniversalSuite, its front-to-back solution for retail, commercial and corporate banking.

David Arnott, Chief Executive Officer at Temenos, commented: “We are delighted to have signed another major European bank onto our UniversalSuite solution, a material transaction about which we will provide more details in due course. Following recent agreements with institutions such as Nordea Bank, signed in September last year, and Standard Chartered Bank, signed in July this year, this deal clearly demonstrates that Temenos is the established technology partner for the digitization of the world’s banking industry.”

Temenos will report its Q3 financial results on 19^th October 2016.