Wealth Tech Firm Temenos Secures Multi-Product Deal With Bermuda Bank

Tom Burroughes

19 May 2014

Swiss-listed wealth and banking technology firm Temenos has signed a deal with the Bermuda Commercial Bank to provide it with its T24 core banking system Model Bank, along with a suite of products including those designed to deal with anti-money laundering and FATCA compliance.

BCB has selected a multi-product approach from Temenos, including T24 Model Bank to be run on the Microsoft SQL Server platform, Temenos said in a statement last week.

BCB was founded in 1969 and in September 2013 held $468 million in customer deposits.