LONDON, UK, August 30, 2022 — DXC Know-how (NYSE: DXC), a number one Fortune 500 world know-how providers firm, has partnered with resolution supplier Temenos (SIX: TEMN), to steer the digital transformation of important IT structure for FCM Financial institution, one in every of Malta’s main suppliers of financial savings and fixed-term merchandise.
Drawing on DXC’s experience in banking and capital markets, and trade main software program from Temenos, FCM Financial institution has changed its legacy core banking system with a contemporary digital platform to assist its development technique. The brand new system went reside in June 2022, with DXC supporting the migration of FCM Financial institution’s apps, choices and prospects from the legacy techniques to the brand new Temenos platform.
By shifting to the brand new open and agile platform, FCM Financial institution will profit from improved safety from cyber safety threats, quicker time to marketplace for new services and products, and an general enchancment in effectivity. The Temenos platform additionally gives performance for transaction processing, funds, monetary crime mitigation and knowledge analytics.
FCM Financial institution’s new core banking resolution was constructed to anticipate the present and future enlargement plans of the financial institution and its mother or father firm SAB Monetary Group. It leverages Temenos open platform for banking with performance for retail and company accounts, deposits, lending and funds. DXC and Temenos’ enterprise banking consultants labored collectively to ship the transformation, utilising experience from Luxoft, a DXC firm and one of many main Temenos System Integration practices globally.
“A profitable financial institution must be quick and versatile in addressing the wants of its purchasers. FCM Financial institution collaborated with DXC Know-how to ship and implement the Temenos banking platform, which the financial institution considers to be the very best within the trade,” mentioned Marcel Homolka, CEO at FCM Financial institution Restricted. “We’re additionally launching a brand new web banking system that’s up-to-date, intuitive and straightforward to make use of.”
“DXC has over 45 years of expertise within the banking and capital markets sector managing over 250 million buyer deposit accounts and 275 million playing cards for main banks globally, ” mentioned Andrew Haigh, Head of Banking and Capital Markets EMEA, DXC Know-how. “Constructing on this expertise, DXC is proud to associate with FCM Financial institution on this thrilling new chapter of development.”
“We’re delighted to see FCM Financial institution full its core banking modernization, shifting from legacy techniques to a contemporary, agile, open platform. This profitable go-live is a serious milestone within the financial institution’s digital transformation. With the Temenos platform, FCM Financial institution will profit from fast time-to-market for brand new merchandise and banking providers to ship progressive options for its prospects right now and properly into the longer term,” added Philip Barnett, President of Strategic Development, Temenos.
About FCM BANK
Based in 2010, FCM Financial institution is one in every of Malta’s main company lending financial institution with over EUR 200 million mortgage portfolio financing growth of greater than 1000 flats in Malta. FCM Financial institution was acquired by the SAB Group in November 2017. SAB Group has intensive expertise in banking and monetary providers with a fully-developed infrastructure and vital sources at its disposal. SAB Group additionally has a stake in a Czech credit score establishment with greater than 25 years’ expertise in company financing options, actual property financing in addition to retail providers.
About DXC Know-how
DXC Know-how (NYSE: DXC) helps world firms run their mission-critical techniques and operations whereas modernising IT, optimising knowledge architectures, and guaranteeing safety and scalability throughout public, non-public and hybrid clouds. The world’s largest firms and public sector organisations belief DXC to deploy providers to drive new ranges of efficiency, competitiveness, and buyer expertise throughout their IT estates. Be taught extra about how we ship excellence for our prospects and colleagues at DXC.com.
Temenos AG (SIX: TEMN) is the world’s chief in banking software program. Over 3,000 banks throughout the globe, together with 41 of the highest 50 banks, depend on Temenos to course of each the day by day transactions and shopper interactions of greater than 1.2 billion banking prospects. Temenos presents cloud-native, cloud-agnostic, and AI-driven entrance workplace, core banking, funds and fund administration software program enabling banks to ship frictionless, omnichannel buyer experiences and achieve operational excellence. For extra info, please go to www.temenos.com.