Metavante and TEMENOS Form Strategic Alliance to Launch Advanced Core Banking Platform for United States

  
    
  
  
    
      Metavante Corporation, the financial technology subsidiary of Marshall & 
      Ilsley Corporation (NYSE: MI), today announced the signing of a 
      strategic agreement with TEMENOS Group (SWX: TEMN), the international 
      provider of integrated core banking systems, to launch an advanced core 
      banking platform based on TEMENOS™ COREBANKING 
      (TCB) for top-tier U.S. financial institutions.
    
    
      This innovative initiative combines leading TEMENOS TCB global banking 
      technology with Metavante’s unique depth of 
      banking knowledge and 40 years of experience in developing and deploying 
      technology for the U.S. financial services marketplace. Metavante will 
      be the exclusive provider of the new, advanced TCB-based platform to the 
      United States market and also enjoy a preferential status for providing 
      TCB as an outsourced solution internationally.
    
    
      Metavante will deliver the new, enhanced TCB-based platform on a 
      component basis, enabling large banks to replace aging solutions on a “line 
      of business,” or phased approach. It will 
      initially be available as a licensed solution designed for tier-one and 
      tier-two financial institutions. In addition, Metavante plans to 
      integrate these advanced capabilities as a series of component upgrades 
      for those large financial institutions already using its core banking 
      platform.
    
    
      “Metavante is making a significant investment 
      in core banking that, together with our on-going investment in our core 
      business, will provide financial institutions with access to the latest 
      technology and functionality to successfully compete in tomorrow’s 
      banking market,” said Metavante President and 
      Chief Executive Officer Frank Martire. “This 
      platform will be one cornerstone of Metavante’s 
      growth strategy for serving large financial institutions and expanding 
      business internationally.”
    
    
      “We expect the combination of Metavante’s 
      leading market position, its development and distribution prowess in the 
      U.S. banking software market, and its expertise in outsourcing services, 
      with the product superiority of TCB will prove a formidable combination 
      both in the United States and internationally,” 
      said TEMENOS Chief Executive Officer Andreas Andreades.
    
    
      TCB is the Temenos’ solution for large-scale 
      retail and commercial banks. TCB is a highly scalable solution for 
      tier-one and tier-two banks, as well as multi-bank outsourcing centers. 
      It is a next-generation platform that delivers core retail processing 
      together with a competitive advantage. TCB runs a number of large-scale 
      banking operations. In Europe, TCB operates in the largest retail bank 
      outsourcing center in Spain, running 74 banks and supporting a branch 
      network of over 4,000 branches in a single processing instance. In Asia, 
      TCB has been used as the core platform for a retail bank processing 17 
      million accounts.
    
    
      “Because the TCB solution is platform 
      independent, it can be deployed in COBOL as well as Java in a J2EE 
      environment. This should be attractive to large U.S. banks, which 
      operate with large mainframe environments and are challenged with aging 
      platforms,” said Paul Danola, group 
      president, Metavante Enterprise Solutions. “The 
      new Metavante solution will provide large banks with next-generation 
      technology to support advanced frameworks and standards; platform 
      independence; offer a parameter-based solution built with flexible code 
      generation; and a services-oriented architecture that is both open and 
      able to integrate to other environments,” he 
      added.
    
    
      Metavante and Temenos will be co-hosting an investor briefing session in 
      New York on 21st March, and in London on the 22nd 
      March. Investors who are interested in attending should contact the 
      respective investor relations officers (see contacts below).
    
    
      About TEMENOS
    
    
      Founded in 1993, TEMENOS Group AG is a provider of integrated modular 
      core banking systems to over 580 financial institutions in 110 countries 
      worldwide. TEMENOS software provides banks with a single, real-time view 
      of the client across the enterprise, enabling banks to maximize returns 
      while streamlining costs. Whether providing 24/7 functionality to the 
      wholesale, retail and private or universal banking sectors, partnering 
      with central banks on core system replacement, or working with the World 
      Bank on solutions for the emerging markets, TEMENOS knows banking. The 
      company has a transparent approach to its operations and brings to bear 
      its experience, expertise, commitment and professionalism on every 
      project. Headquartered in Geneva, Switzerland, the company has 39 
      offices in 31 countries and is listed on the main segment of the SWX 
      Swiss Exchange (TEMN). www.temenos.com
    
    
      About Metavante
    
    
      Metavante Corporation delivers banking and payments technologies to over 
      8,600 financial services firms and businesses worldwide. Metavante 
      products and services drive account processing for deposit, loan and 
      trust systems, image-based and conventional check processing, electronic 
      funds transfer, consumer healthcare payments, electronic presentment and 
      payment, and business transformation services. Headquartered in 
      Milwaukee, Metavante (www.metavante.com) 
      is wholly owned by Marshall & Ilsley Corporation (NYSE: MI).
    
    
      Metavante is a registered trademark of Metavante Corporation. 
    
    
      TEMENOS and TEMENOS™ COREBANKING are 
      registered trademarks of TEMENOS Group AG.