Temenos and Rubik Financial Form Partnership for Australia and New Zealand

Temenos has signed a strategic licence partnership agreement with Rubik Financial to deliver an end-to-end retail banking solution to financial institutions in the Australian and New Zealand markets. The partnership combines the Temenos T24 model bank with Rubik Financial’s regional industry experience in deploying a suite of hosted retail banking solutions for the Australian and New Zealand financial services markets. Through recent acquisitions, Rubik Financial already provides channel and payments solutions and services to over 190 financial institutions and will now be the first T24 hosted provider to these regions. Rubik Financial will offer T24 on Microsoft Windows and SQL Servers and it will be available for deployment from 2009, and claims that it will allow banks to use these services with an implementation effort from as little as three months. The full range of retail core banking services to be offered will include phone and Internet banking, touch screen kiosks, payments and credit cards.

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