Spanish Bank Selects TEMENOS T24 Product
Banco Sabadell, the fourth-largest bank in Spain, has selected TEMENOS T24 to support the retail, commercial, treasury and private banking activities for its Miami, U.S., branch. Implementation began in July 2004, with completion expected within one year. TEMENOS T24 will run on a UNIX platform with an Oracle database and will replace legacy systems. Banco Sabadell has assets of €44bn.