Temenos Selected by Banque Internationale à Luxembourg

Temenos Selected by Banque Internationale à Luxembourg
07.07.2016 10:45 am

Temenos Selected by Banque Internationale à Luxembourg


Temenos announces that Banque Internationale à Luxembourg (BIL), a leading Luxembourg universal bank, has selected Temenos to provide the software solutions for a major system transformation project. The project will see Temenos software used across the bank’s full operations in retail banking, private banking and corporate banking. 

In a move to reinforce its position as a leading multi-business bank, the system renovation project will focus on digitalisation and client service innovation across all business lines. The project, to be delivered progressively over the next few years, will result in most of the bank’s current legacy systems and platform components replaced with Temenos solutions, delivered as a combination of the Temenos Retail, Corporate Banking and Private Wealth Suites, containing the integrated channels, front, middle and core banking components for the markets in which BIL operates. The new system’s architecture, based on agile methodology, will allow for a more timely and fully client-oriented approach. 

Yves Baguet, COO, BIL: “We have selected Temenos as our IT platform partner for the future on the basis of their corporate strength, the breadth and depth of their solutions, and their open, flexible and scalable architecture. And also for their delivery track record and their certified implementation partners network. Our IT transformation program, called Ignite, will be implemented to support our business strategy for the future and includes the simplification of our applications landscape and operational processes. The first phase will be about building a modern infrastructure for digitalized processes and client oriented business value based on their experience, as well as creating a solid foundation for the core banking transformation phase to follow.”

David Arnott, CEO, Temenos: “We are delighted that BIL has selected Temenos solutions to underpin its system transformation. By taking Temenos’ integrated, front-to-back solutions across its private, corporate and retail banking business, BIL puts itself in a position to differentiate its customer experience at the same time as driving efficiency and speed of delivery in the back office. As such, BIL will be able to sustainably differentiate its customer proposition in a highly competitive marketplace ensure the continued success of a great and longstanding institution.”

Related News

Coin Metrics Raises $6M

Coin Metrics, the leading provider of Cryptoasset Data and Infrastructure for institutional investorsannounced today that it completed a $6 million... Read more »

Alibaba Cloud and Multi-Lingual Support from the Global MediXchange of Combating Covid-19 (GMCC) programme

Over 440 medical institutions from 104 countries and regions have applied to learn and share experiences in battling COVID-19 through the ... Read more »

Spanish authorities approve offer from SIX

SIX Group AG (“SIX”), the Swiss financial markets infrastructure operator, today received authorisation from the CNMV for its all-cash voluntary tender offer for Bolsas y... Read more »

Refinitiv makes strategic investment in ModuleQ and its intelligent app

Refinitiv, one of the world’s largest providers of financial markets data and infrastructure, has invested in and entered a strategic partnership agreement with ModuleQ, a... Read more »

James Hambro & Partners selects InvestCloud for digital transformation

Leading independent wealth management group James Hambro & Partners (JH&P) has selected global FinTech firm ... Read more »

Copper.co partners with SFOX to expand liquidity and provide rapid OTC settlement

London-based institutional custody and prime brokerage firm, Copper.co, today announces its partnership with the first U.S. prime dealer, SFOX.

The integration will... Read more »

Free Newsletter Sign-up
+44 (0) 208 819 32 53 +44 (0) 173 261 71 47
Download Our Mobile App
Financial It Youtube channel