- Powered by Temenos, LTI's Banking-as-a-Service platform modernizes legacy 
core banking systems, rapidly and efficiently

    Larsen & Toubro Infotech (LTI), a global technology consulting and digital 
solutions company, has partnered with Temenos, the banking software company, to 
launch Digital Banking Platform, powered by Temenos technology. The platform 
will modernize legacy core banking systems in the Nordic region, enabling 
financial institutions to be more agile and scalable while reducing operating 
costs. Banks will also be able to leverage the platform to launch new products 
and services faster.

    With its comprehensive capabilities, the Digital Banking Platform provides 
end-to-end integration with Temenos Transact, Temenos Infinity, Temenos 
Payments, and Temenos Financial Crime Mitigation as well as Fintech solutions 
like regulatory reporting, authentication, KYC solutions, card services, and 
payment solutions available on Temenos Marketplace. LTI and its fully-owned 
subsidiary, Syncordis Consulting [https://www.syncordisconsulting.com/], a 
leading Temenos expert in the European region for more than 15 years, will 
provide implementation and managed services. 

    The partnership heralds a new era for Nordic banks as it brings together 
LTI's expertise in the domain and its deep understanding of Temenos 
functionality and advanced cloud-native, cloud-agnostic, AI and API-first 
technology solutions, enjoyed by over 3,000 banks in over 150 countries. 

    Sanjay Jalona, CEO & Managing Director, LTI, said, "This partnership of 
Temenos and LTI brings unmatched experience, expertise, and passion for 
innovation to the banks and financial institutions in the Nordic region. The 
new  powerful banking platform based on Temenos' cloud-native technology, will 
enable banks to scale, modernize, and reduce IT cost significantly. Through our 
exclusive Temenos Accelerator Toolkit, we amplify outcomes with a faster 
time-to-market and continue to provide outstanding banking modernization 
services that empower banks to take a quantum leap in their digital 
transformation journey." 

    Max Chuard, Chief Executive Officer, Temenos, said, "This is a 
strategically important signing for Temenos in the Nordics. We are delighted to 
expand our partnership with LTI and Syncordis to offer to the market  the next 
generation digital banking platform. Together with our partners, we are 
offering banks  access to LTI's global banking expertise across the full 
Temenos' solutions applied to the specific needs of the Nordic region. Our 
advanced cloud and AI technology combined with our rich banking country model 
bank functionality is becoming the de facto choice for the Nordic banks and 
financial institutions. We enable banks to modernize their legacy systems, 
future-proof their banking platform while offering innovative services to their 
customers."

    LTI is one of the leading IT Service Providers in the Nordic region 
[https://www.lntinfotech.com/nordic/]. The IT Sourcing Study 2020 by Whitelane 
Research ranks LTI at #2 in terms of customer satisfaction across Europe. The 
company counts leading banks and financial institutions among its clients in 
the region.

     About LTI:

    LTI (NSE: LTI) is a global technology consulting and digital solutions 
Company helping more than 400 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 unrivalled real-world 
expertise to solve the most complex challenges of enterprises across all 
industries. Each day, our team of more than 32,000 LTItes enable our clients to 
improve the effectiveness of their business and technology operations and 
deliver value to their customers, employees and shareholders. For more 
information please visit www.lntinfotech.com or follow us at @LTI_Global 

    About Temenos:

    Temenos AG (SIX: TEMN) is the world's leader in banking software. Over 
3,000 banks across the globe, including 41 of the top 50 banks, rely on Temenos 
to process both the daily transactions and client interactions of more than 1.2 
billion banking customers. Temenos offers cloud-native, cloud-agnostic and 
AI-driven front office, core banking, payments and fund administration software 
enabling banks to deliver frictionless, omnichannel customer experiences and 
gain operational excellence. 

    Temenos software is proven to enable its top-performing clients to achieve 
cost-income ratios of 26.8% half the industry average and returns on equity of 
29%, three times the industry average. These clients also invest 51% of their 
IT budget on growth and innovation versus maintenance, which is double the 
industry average, proving the banks' IT investment is adding tangible value to 
their business.

    For more information, please visit www.temenos.com

    About Syncordis:

    As LTI's Temenos practice, Syncordis delivers high-quality end-to-end 
implementation and system integration projects. In addition, Syncordis offers 
complementary services such as regulated SaaS (PSF certified) and production 
support covering all Temenos products and surrounding third party systems.

    An extensive expert pool of local and offshore professionals provides both 
business and technical expertise, and tailors each project to the client's 
individual requirements and needs. It is Syncordis' mission to drive digital 
excellence in the banking sector and help all clients realize the power of 
digital transformation while also providing a great place to work for all 
employees. www.syncordisconsulting.com 

   Logo: https://mma.prnewswire.com/media/1044154/LTI_Logo.jpg

   Source: LTI