Temenos and Metavante Sign EverBank as First Joint T24 Marketing Client
Temenos and Metavante have announced that EverBank Financial Corporation, has selected TEMENOS T24 to support its World Markets division. The recently signed deal represents the first T24 opportunity resulting from the extended Metavante/Temenos strategic marketing alliance announced on 31 July 2008. EverBank is a current Metavante core processing client for its US retail banking operations. T24, which will be hosted by Metavante, will be used to support the bank’s World Markets global trading (including foreign exchange) and commodities operations. EverBank World Markets is a division within the bank that offers global investment solutions including foreign currency CDs, money market accounts, precious metals and structured product accounts to a multi channel customer base. T24 will provide the bank with a highly scalable system that can support the division’s growth and expansion into future business lines. EverBank selected T24 Model Bank, which includes pre-configured products and processes based on international banking best practices to reduce implementation time, costs, minimise customisation and lower overall project risk. T24 will replace several in-house systems and support the continued development and delivery of innovative multi-currency and metals-based products and services.