Gain Competitive Advantage With Smarter Core Banking Solutions From IBM and Temenos

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Innovative solutions for banking

Gain Competitive Advantage with Smarter Core Banking Solutions from IBM and Temenos
The Challenge: Smarter Core Banking Today, a core banking system replacement is one of the top priorities of global banking institutions of all sizes, driven by the inadequacy of current systems to provide a platform for growth and innovation. Amid the global economic downturn, banks are re-examining their core banking systems, with a priority on phasing in capabilities to cope with new realities around risk, regulation and customer retention. The high stakes mandate change. To

Highlights
Respond faster to changing market and regulatory demands with automated, flexible, pre-packaged core banking solution Lower total cost of ownership with a single, integrated solution that streamlines operations and reduces maintenance expenses Support a full range of banking markets, including retail, corporate and correspondent, universal, private, Islamic and microfinance Bring new and innovative financial products and services to market more quickly Reduce risk and future proof investment with reliable, open architecture and built-in upgrade path Create a smarter bank using business intelligence and analytics to understand customers wants and needs in near real-time.

remain competitive, core banking systems must remain up and running on a 24/7 basis to support Internet banking, global business, and real-time transactions via the Web, ATM, debit card and the phone. Yet most modern banks still rely on decades-old technology and aging applications. Many are saddled with disparate systems, cobbled together from mergers and acquisitions, that are inflexible and costly to maintain. These cumbersome legacy environments hamper business agility, obstruct the banks view of the customer and impede fast, inexpensive product innovation.

Technical Highlights
T24 Model Bank products IBM Power Systems IBM System z

The IBM and Temenos Approach Many banks are turning to IBM and Temenos, a leading global banking software company, to achieve a core banking transformation that is, at once, more efficient, readily compliant with new regulatory demands, and smarter in the way it addresses customer needs. The partnership combines the strengths of two industry leaders to offer banks a safe and secure migration to a modern, scalable and future-proofed banking platform. TEMENOS T24 is a 24-hour real

Model Bank distils our implementation experience across more than 600 projects worldwide into a proven, safe and well-documented implementation methodology and tooling. Model Bank delivers a massive advantage, with a 50% faster rollout time and up to 80% of the banks required functionality available immediately. This results in a cost effective and low risk implementation. Leveraging the IBM on demand model, T24 ensures consistency of service across all branches and delivery channels. Proven. Automated. Smart. Combined with IBMs global services capability, the T24 core banking solution offers a proven implementation approach that integrates and automates many manual processes. This automation helps banks comply with regulatory demands by quickly and easily producing near real-time reporting. At the same time, a bank that integrates a full range of core business processes is more flexible to respond swiftly to a dynamic market.

IBM DB2 database management IBM WebSphere middleware IBM Storage

Together, IBM and Temenos provide a one-stop shop for transforming core banking systems into a more customer-centric banking environment.

time banking application, and runs on IBMs Power Systems. As the worlds most widely-used banking system, T24 is an open and preconfigured system, incorporating industry standard practices based on Temenos implementations in over 600 financial institutions and 120 countries. Our broad and hugely flexible, T24 banking platform enables us to offer our clients a choice of a Model Bank software implementation, with best practice processes built in, or a more tailored implementation for clients preferring differentiation. Model Bank is made available with pre-configured, best practice-based products and processes to serve the needs of each banking sector.

Coupled with IBMs vast knowledge and experience with todays financial industry, Temenos provides unparalleled flexibility, scalability and longevity in a 24-hour real-time core banking solution.

For instance, the core flexibility and speed of T24 running on IBM technology allows banks to customize existing products inexpensively, and move with the marketplace. T24 is also a smart core banking system, in that it uses business intelligence and analytics to help banks understand customer wants and needs far more insightfully than ever before. Ultimately, banks are better able to introduce new financial products with far less risk and cost. Transformation At Your Own Pace To prepare for the future, the IBM and Temenos solution allows banks to replace a large number of disparate legacy systems, thereby dramatically improving operational efficiency and lowering costs. The key is to shift away from siloed infrastructures

towards a common infrastructure, which supports interoperation for banking applications and channels. IBMs Dynamic Infrastructure approach can help banks and other institutions evolve their business and IT infrastructure beyond addressing daily operational challenges. By finding new ways to connect systems and people, work can be done more efficiently, products moved to market more quickly, and processes made more customer-centric. As a modular system, T24 allows a bank to refresh or replace individual modules or the entire core banking system. Banks can move at their own pace, knowing their investment is based on an open platform that can expand as their needs grow and as market conditions change. Banks

can minimize the risk of investing in technology that will someday become incompatible. Moreover, unlike competitive solutions, T24 offers a built-in upgrade path, allowing banks to deploy future technology without introducing a whole new platform to run it. Platform for Growth Today IBM provides the Temenos client-base with one of the mainstream hardware and middleware platforms for T24. These platforms scale from the smallest to the largest customer requirements and provide for flexible integration in a customers serviceoriented architecture (SOA). IBM Power Systems running AIX provide the most popular and mature hardware platform for T24 users. This platform has been benchmarked in the IBM laboratories at up to 25 million

The IBM Temenos Joint Solution


Channels User Interface Business Processes Management Messaging and Integration Branch Internet Call Centre Mobile IVR

accounts with a typical retail banking workload. More recently, Temenos has added IBM System z to the list of supported platforms alongside existing support for IBM BladeCentre and IBM System x. IBM DB2 database with pureXML is fully supported as a database server for use with T24, as are IBM WebSphere Application Server for the user interface and IBM WebSphere MQ for messaging. Together, these can be used to provision a high availability infrastructure for T24 with both high performance and high scalability.

WebSphere Application Server

WebSphere Process Server

WebSphere Business Monitor

WebSphere MQ

WebSphere Message Broker

T24 Retail Application T24 Corporate

T24 Private T24 Islamic

T24 ARC CRM T24 Risk

T24 ARC Internet Banking T24 Insight

Database Governance

DB2 UDB with PureXML IBM Tivoli Service Desk IBM Tivoli Monitoring

DB2 Data Warehouse IBM Tivoli Storage Manager

IBM Power Systems Systems IBM System x

IBM System z IBM Storage Systems

IBM Bladecentre IBM iDataplex Clusters

T24 integrates with IBMs SOA architecture through T24 Web services, which have passed the IBM validation requirements for connection to an IBM SOA infrastructure. WebSphere Message Broker is at the core of many banks SOA infrastructures and may be used for the many types of application integration scenarios required in core banking implementations. WebSphere Process Server enables customers to integrate business services within the context of a broader business process. Both WebSphere Message Broker and WebSphere Process Server are able to reuse T24 business services in orchestrations and business processes respectively, via the T24 Enterprise Application Integration (EAI) and SOA capabilities. Customers also enhance their T24 infrastructure with IBM Tivoli System

customers increasing service expectations and control rising costs while laying the foundation for breakthrough productivity, gains and accelerated value creation. To help you build a dynamic, flexible core banking system for your bank, IBM Banking Centers of Excellence (BCoE) are staffed by IBM banking experts with deep technical skills and strong domains skills including core banking, payment systems and risk management. IBM BCoE provides rapid, skilled support, technology and architecture expertise, and solution expertise to meet client proof of concept, thought leadership and innovation needs. IBM brings the credentials and commitment that comes from working for many years with some of the worlds leading financial services companies. Working together with Temenos, we can help you build a smarter bank and create a robust, dynamic, scalable platform for growth and innovation. For More Information To more about how IBM and Temenos can benefit your banking institution, please contact your IBM sales representative or IBM Business Partner or visit: ibm.com/banking

Copyright IBM Corporation 2009

IBM Corporation New Orchard Road Armonk, NY 10504 U.S.A. Produced in the United States of America September 2009 All Rights Reserved IBM, the IBM logo, ibm.com, AIX, BladeCentre, Cognos, DB2, Dynamic Infrastructure, Power Systems, pureXML, System x, System z, Tivoli and WebSphere are trademarks or registered trademarks of International Business Machines Corporation in the United States, other countries, or both. If these and other IBM trademarked terms are marked on their first occurrence in this information with a trademark symbol ( or ), these symbols indicate U.S. registered or common law trademarks owned by IBM at the time this information was published. Such trademarks may also be registered or common law trademarks in other countries. A current list of IBM trademarks is available on the Web at Copyright and trademark information at ibm.com/legal/copytrade.shtml Other company, product or service names may be trademarks or service marks of others. References in this publication to IBM products or services do not imply that IBM intends to make them available in all countries in which IBM operates. All performance information was determined in a controlled environment. Actual results may vary. Performance information is provided AS IS and no warranties or guarantees are expressed or implied by IBM. Buyers should consult other sources of information, including system benchmarks, to evaluate the performance of a system they are considering buying.

Management software. Why IBM IBM has years of experience in the banking and financial services industry and provides a wide range of business consulting, financing and information technology services, including a broad choice of server platforms, related storage, databases and middleware. IBMs dynamic IT infrastructure strategy can help banks and other businesses address

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