JUNE 2015/ISSUE 24.9
GLOBAL INDEPENDENT PERSPECTIVE ON FINANCIAL TECHNOLOGY
ABN Amro set to launch new payments hub in September, while Citco becomes second taker of TPS
co-developed with Temenos. The platform, brand- ed as Temenos Payment Suite (TPS), resides in Temenos ownership and is already pitched to the wider market. Amanda Gilmour, Temenos’ prod- uct director for payments, emphasises that TPS is being sold as a standalone solution and is on a par
Clear2Pay (now part of FIS), Fundtech (now part of D+H Corporation) and Dovetail. It can also be -
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ship core banking system, T24. So far, the uptake of TPS has been slow (one new customer, see below), but there is
expectation that ABN Amro’s go-live will provide a much-needed live reference site, translating into more sales. ABN Amro is already ‘happily providing references to new customers’, according to David Arnott, CEO of Temenos. ABN Amro has already passed three stages of
system testing for TPS, and is now in the second phase of environmental testing. ’95 per cent of test cases have passed,’ Gilmour says. Cognizant is assisting with the testing process.
this year in Germany. TPS will then be rolled out to eight further countries, with completion anticipat- ed in Q2 2016.
...continued on page 8
ABN Amro HQ ©Franklin Heijnen, Flickr
BIAN unveils completed universal banking standards
The Banking Industry Architecture Network (BIAN), the long-running industry initiative to provide a standardised banking IT architecture, has taken a
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of a universal bank. In addition, its interaction with the Interactive Financial Exchange (IFX) Forum,
exchange, has been formalised with the creation of an IFX BIAN Services Working Group. The newly released BIAN Service Landscape
4.0 spans around 2000 service operations, repre- senting a big leap from the previous 375. ‘I think that from a service operations perspective, we’re almost there,’ says BIAN executive director, Hans
services companies, but it is clear that some are far more engaged than others. Among the more
might be around 2200 on completion, with some of the gaps becoming apparent as banks start to use the Service Landscape in earnest. There will also be a focus on the complementary business
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er than 200 at present. For the latter, he estimates -
im release, 4.5, in Q3 or Q4, followed by the next full release in April or May 2016. Tesselaar estimates that between 160 and
180 people have been working on the two sets of BIAN, across vendors, banks, consultants and
Pittsburgh-based PNC Financial Services, and ABN Amro.
...continued on page 6
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Cedar Management Consulting International, LLC. a division of
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