Cypriot Bank First Customer of Temenos and TLC Risk Solutions Alliance
The Universal Bank in Cyprus, a listed company at the Cyprus Stock Exchange, has been named as the first customer of the Temenos and TLC Risk Solutions alliance, which provides Basel II compliant credit and operational risk banking solutions. The alliance, formed in October 2004, allows banks to integrate TLC’s Basel II product with Temenos’s core banking systems. Through the alliance, TLC can extract transactional and historical data directly from Temenos’s core banking systems, including Temenos T24, which is then imported into the barracuda software.
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