Bank SinoPac Goes Live With TEMENOS T24 on Microsoft Windows Server and SQL Server to Fuel Innovation and Gain Competitive Edge

Bank SinoPac Goes Live With TEMENOS T24 on Microsoft Windows Server and SQL Server to Fuel Innovation and Gain Competitive Edge PR Newswire GENEVA, August 23, 2012 GENEVA, August 23, 2012 /PRNewswire/ -- New banking system centralises operations and supports domestic and international expansion Temenos (SIX: TEMN), the market leading provider of banking software, today announced that Bank SinoPac (SinoPac), a leading Taiwanese bank based in Taipei, has successfully gone live with Temenos T24 core banking system to centralise its operations and support the growth of its domestic and global branch network in Hong Kong, Macau, China, Vietnam and the US. All 129 domestic branches in Taiwan, serving three million customers and processing up to two million transactions per day, went live simultaneously. The overseas locations in Hong Kong, Macau, China, Vietnam and the in US will be added to the central hub in Taipei in a second phase. Having established itself as a market leader for product innovation in Taiwan, the bank recognised the need to replace its outdated legacy system with a flexible, state-of-the-art core banking system to create a modern, centralised platform for SinoPac's domestic and overseas business. TEMENOS T24 for Universal Banking was selected based on its functional breadth, open and flexible architecture, and its ability to support SinoPac in the rapid delivery of new products and services to gain competitive edge.