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Swiss Software Co., Ayandeh Bank in Talks

Swiss Software Co., Ayandeh Bank in Talks Swiss Software Co., Ayandeh Bank in Talks

Temenos is closing in on a core and digital banking software deal in Iran, Banking Technology reported. The vendor is believed to be in talks with Ayandeh Bank (Future Bank). The bank offers retail and commercial banking services.

The systems on offer are the T24 core banking platform and Temenos Connect for digital channels. No comment was available from Temenos.

Ayandeh Bank also did not provide any details about the deal when called by Financial Tribune.

Ayandeh Bank was established in 2009 and was originally known as Tat Bank. Its HQ is in Iran. It has 14 branches in Tehran and 50 across the country.

Temenos Group AG, with headquarters in Geneva, Switzerland, is a company specializing in software for financial services. The group was created in 1993.

It initially made inroads into Iran a decade ago, with a core banking deal at Post Bank of Iran.

The vendor also works with a local technology and services provider, Pars Tamin. Pars Tamin offers T24 to financial institutions in Iran.

 

Financialtribune.com