Dutch banking giant uses Temenos Continuous Deployment SaaS product
to reduce software release cycles to just hours and dramatically reduce
costs

THE HAGUE, Netherlands–(BUSINESS WIRE)–Temenos (SIX: TEMN), the banking software company, today announced that
ABN Amro has selected Temenos Continuous Deployment, which utilizes
DevOps principles and extends the Temenos DevOps operations into the
banks environments, to accelerate the bank’s speed of software delivery
and rapidly launch new competitive innovations to the market. With 22
innovation teams within the Investment and Corporate Banking division of
ABN Amro using Temenos Continuous Deployment to support their agile
development methodologies, the bank will be able to bring business
change more rapidly and securely to market. Using Temenos Continuous
Deployment, this repeatable process will be dramatically faster and more
flexible and is expected to increase efficiency in early stage testing
and deployment by more than 30%. Temenos Continuous Deployment is
provided by Temenos as a Service (SaaS) while reducing cost of
deployment.

Friso Westra, Head of IT Development Core Banking International at ABN
Amro will be joining Max Chuard, CEO of Temenos on the opening plenary
session at TCF to talk about using Continuous Deployment to accelerate
innovation.

The banking group, one of the largest in the Netherlands and a
longstanding customer of Temenos, is now taking advantage of the Temenos
Continuous Deployment offering to enable developer teams to quickly and
independently develop, test and deploy change including configuration
and extension code in a safe, secure and reliable automated environment.
ABN Amro will be able to provision a new environment to build and test
its innovations in just hours. The number of deploy and test pipelines
per day is expected to increase from 1 to 15 per day. The bank also
envisages being able to increase test cycles by 100x, the increase in
testing will result in higher quality, more frequent automated releases.

By enabling a “code in the morning, deploy in the afternoon” approach,
the time required to develop, test and release software changes is
reduced from weeks to days or hours, enabling the bank to rapidly deploy
change in a safe and controlled manner. Temenos Continuous Deployment
offers a self-service environment where the project team can simply and
quickly request on-demand the creation and provisioning of
production-like environments based on the bank’s configuration. It
allows automated testing and deployment of software changes from both
the bank, and from Temenos, in a regular and predictable way.

ABN Amro first implemented the Temenos T24 core banking platform – the
forerunner to Temenos T24 Transact – for its corporate banking
activities in 2009, Temenos Payments Hub in 2012 and Temenos WealthSuite
for its international private banking business in 2015.

Friso Westra, Head of IT Development Core Banking International of
ABN Amro said: “Thanks to Temenos’ innovative continuous-deployment
product, we can gain greater product agility and improved time-to-value,
accelerating the speed of innovation and making business changes
rapidly. Temenos Continuous Deployment is to provide high levels of
automation to support our agile development approach. Continuous
Deployment will allow our developers to focus more time on the value of
their deliverables spending less time coordinating testing and
deployment with other teams.”

Max Chuard, Chief Executive Officer, Temenos, said: “I’m
delighted that ABN Amro, a long standing customer, has now selected our
Temenos Continuous Deployment SaaS product, as the bank is leading with
DevOps tools and methodologies to accelerate its speed of software
delivery and business innovation. We are entering a new era of banking
where cloud-native, cloud-agnostic and advanced open API technologies
are enabling the bank to dramatically reduce deployment time and as
result massively cut down costs.”

Temenos is also launching a dedicated Deployment Centre of Excellence
drawing on best practices from over 1000 go-lives and utilizing new
tools, agile processes and methodologies to dramatically reduce the cost
of deployment. This Centre of Excellence will help banks to
industrialize the banking software deployments, with lower costs and
faster time to market. Temenos has also launched a new implementation
approach, Build and Renovate, that enables the larger banks to quickly
build a new, fully digital stack, and to begin continuously migrating
products and customers across from their legacy stack.

Temenos recently marked a major milestone with the launch of Temenos
Infinity – a breakthrough digital front office product – and Temenos T24
Transact, the next generation in core banking. These new products
further demonstrate a commitment to constant innovation, leveraging 25
years of functionality from 3,000 banks in more than 150 countries with
the most advanced cloud-native, cloud-agnostic, API-first technology and
design-led thinking.

– Ends –

About ABN Amro

ABN AMRO is a Dutch bank for retail, corporate and private banking
clients. We are a relationship-driven, knowledgeable and digitally savvy
bank, active in Northwest Europe and with expertise in selected sectors
globally. Our purpose is Banking for better, for generations to come.
Headquartered in Amsterdam, ABN AMRO employs around 19,000 people
worldwide.

Please visit us at www.abnamro.com

About Temenos

Temenos AG (SIX: TEMN), headquartered in Geneva, is the world’s leader
in banking software, partnering with banks and other financial
institutions to transform their businesses and stay ahead of a changing
marketplace. Over 3,000 firms across the globe, including 41 of the top
50 banks, rely on Temenos to process both the daily transactions and
client interactions of more than 500 million banking customers. Temenos
offers cloud-native, cloud-agnostic front office and core banking,
payments, fund management and wealth management software products
enabling banks to deliver both consistent, frictionless customer
journeys and gain operational excellence. Temenos customers are proven
to be more profitable than their peers: over a seven-year period, they
enjoyed on average a 31% higher return on assets, a 36% higher return on
equity and an 8.6 percentage point lower cost/income ratio than banks
running legacy applications. For more information please visit www.temenos.com.

Contacts

Jessica Wolfe
Temenos Global Public Relations
Tel: +1
610 232 2793
Email: press@temenos.com

Alistair
Kellie & Andrew Adie
Newgate Communications on behalf of
Temenos
Tel: +44 20 7680 6550
Email: allnewgatetemenos@newgatecomms.com