Software specialist for banking and finance Temenos has announced that EFG International (EFG) has successfully completed the migration of all previous BSI businesses on to EFG's IT platform.
The Swiss private bank has been a client of Temenos since 1993 and been using the Temenos upgradeable software solutions to migrate all businesses ahead of schedule.
“We completed the platform migration before year end 2017, thanks to effective collaboration and team spirit, with Temenos playing an integral role as a highly experienced and trusted partner,” said Mark Bagnall, chief technology officer at EFG International.
“Operating on a group-wide platform, we now aim to deliver the targeted synergies in 2018 and to develop our digital strategy further.”
Jean-Michel Hilsenkopf, chief revenue officer at Temenos, added: “EFG International has been a longstanding Temenos customer and we are delighted that our technology can support the bank throughout its exponential growth.
“This project of integrating BSI on the core platform was highly complex and comprised nine IT migrations globally.
“With the completion of this project, EFG International now has a fully aligned and centralised platform that will scale alongside the bank.
“We are pleased with the progress of the project and excited to support EFG International's growth strategy, as it continues to expand and become one of the largest private banks in Switzerland.”
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