BNP Paribas extends contract with Temenos 07 January 2020Geneva Reporter: Maddie Saghir
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BNP Paribas Securities Services has extended its license for Temenos Multifonds Global Accounting and Temenos Multifonds Global Investor until 2028.
Temenos’ software platform and integrated operating model will deliver localised accounting and reporting to underpin the management of BNP Paribas Securities Services’ fund administration operations.
BNP Paribas Securities Services has been a partner of Temenos for more than 20 years and initially deployed the Temenos Fund Administration platform in Luxembourg to replace its legacy architecture.
According to Temenos, by using a scalable platform and enabling more automated exception-based processing, BNP Paribas Securities Services will benefit from greater operational efficiency, reduced costs and new growth opportunities.
Alain Pochet, head of client delivery at BNP Paribas Securities Services, commented: “We are delighted to continue this strategic, long-standing partnership with Temenos.”
“Its investment in research and development means that we will continue to benefit from cutting-edge, next generation banking software, enabling us to enhance operational efficiency and streamline our operating model to enable us to quickly onboard new jurisdiction and grow our business over time.”
Max Chuard, CEO of Temenos, said: “It is a great privilege to continue our ongoing support of BNP Paribas Securities Services as they continue to optimise their global fund administration operations and enhance operational efficiency.”
He continued: “Throughout this long-standing partnership, our goals have been consistently aligned to BNP Paribas’ who have adopted our market-leading products to enhance fund administration with sophisticated workflow, production and control techniques.”
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