{"id":412679,"date":"2021-01-12T02:33:30","date_gmt":"2021-01-12T07:33:30","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=412679"},"modified":"2021-01-12T02:33:30","modified_gmt":"2021-01-12T07:33:30","slug":"komercni-banka-part-of-the-societe-generale-group-selects-temenos-to-reinforce-its-leadership-in-digital-banking-in-czech-republic","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/komercni-banka-part-of-the-societe-generale-group-selects-temenos-to-reinforce-its-leadership-in-digital-banking-in-czech-republic\/","title":{"rendered":"Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic"},"content":{"rendered":"<p>        <!--.bwalignc { text-align: center; list-style-position: inside }\n.bwlistdisc { list-style-type: disc }body {font:normal small Arial,Helvetica,sans-serif;color:#000;background-color:#fff;padding:24px;margin:0;} a img {border:0;} h3 {font-size:medium;color:#000;margin:0 0 1em 0; text-align:center;}-->  <\/p>\n<p class=\"bwalignc\"><b>Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic<\/b><\/p>\n<ul class=\"bwlistdisc\">\n<li>\nKomer\u010dn\u00ed banka, one of the largest banks in Czech Republic, selects Temenos Transact to digitally transform banking for its 1.6 million customers and future-proof business growth\n<\/li>\n<li>\nTemenos\u2019 open-API and modern technology will enable Komer\u010dn\u00ed banka to simplify and consolidate its IT landscape and deliver leading-edge products to the market faster\n<\/li>\n<li>\nTemenos\u2019 flexible and agile banking platform to deliver market-leading cost-income ratio to support profitable growth\n<\/li>\n<\/ul>\n<p>GENEVA, Switzerland&#8211;(<a href=\"http:\/\/www.businesswire.com\">BUSINESS WIRE<\/a>)&#8211;<br \/>\nTemenos (SIX: TEMN), the banking software company, today announced that Komer\u010dn\u00ed banka, a member of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group and one of the largest financial institutions in the Czech Republic, has selected Temenos Transact to modernize its retail and corporate banking.\n<\/p>\n<p>\nAfter a rigorous selection process, the bank selected Temenos\u2019 next-generation core banking platform for its modernization journey in the area of account management. Temenos will decrease time to market for innovative current, savings and deposit account services and lending products as well as streamline straight-through-processing across its retail and corporate banking operations.\n<\/p>\n<p>\nKomer\u010dn\u00ed banka is a universal bank providing a wide range of services in retail, SME, corporate and investment banking to more than 1.6 million customers. Komer\u010dn\u00ed banka\u2019s services are accessible through a network of more than 240 branches as well as digital banking channels including mobile and internet banking. The modernization of its core system with Temenos constitutes a crucial step in Komer\u010dn\u00ed banka\u2019s long-term strategy to reinforce its leadership in digital banking in the Czech Republic.\n<\/p>\n<p>\nSimplification of IT systems and consolidation on Temenos\u2019 platform will enable Komer\u010dn\u00ed banka to bring new products to market faster. It will also enable Komer\u010dn\u00ed banka to deliver an enhanced service with real-time processing and acceleration of customer journeys in retail and corporate segments. Additionally, Temenos\u2019 flexible and agile technology will allow Komer\u010dn\u00ed banka to rationalize its product portfolio and provide a foundation to future-proof business growth.\n<\/p>\n<p>\nKomer\u010dn\u00ed banka ranks among the leading banking institutions in the Czech Republic and in Central and Eastern Europe. It has a reputation as a digital leader and Temenos API-first technology will allow Komer\u010dn\u00ed banka to accelerate the development and integration of new services as it continues to improve the experience and value it delivers to customers.\n<\/p>\n<p>\nA key factor in Komer\u010dn\u00ed banka\u2019s decision to select Temenos was the rich banking functionality of Temenos Transact for retail and corporate banking. Komer\u010dn\u00ed banka offers a diverse range of deposit, credit, lending and payment services for individuals, small business and corporate customers.\n<\/p>\n<p><b>Jan Juchelka, Komer\u010dn\u00ed banka\u2019s Chairman and CEO, commented:<\/b> \u201cWe have selected the new software platform because of its robust design and also its open and modern architecture. We are delighted to have an opportunity to benefit from the expertise and experience of Temenos, whose clients include the world\u2019s largest financial institutions. It is important for us to work with a partner who shares our approach to innovation and who will help us to use the latest technologies now and in the future. Our objective is to achieve the highest level of customer satisfaction in the market. Thanks to the new software platform we can work in agile, flexible, and effective manner and so, ultimately, innovate faster and bring an added value to our clients.\u201d\n<\/p>\n<p><b>Jean-Michel Hilsenkopf, Chief Operating Officer, Temenos: <\/b>\u201cKomer\u010dn\u00ed banka is a large financial institution that has shown a real commitment and appetite for innovation to deliver a market-leading service to its customers. Now, with Temenos cloud-native technology, it can supercharge these efforts and bring new products to market much faster and on a lower cost base. With heightened competition and new regulation putting pressure on margins across the industry, this capability is a huge competitive advantage that will help Komer\u010dn\u00ed banka to grow its client base and ultimately increase market share and profits. Temenos has a long term strategic relationship with Soci\u00e9t\u00e9 G\u00e9n\u00e9rale and Komer\u010dn\u00ed banka is a new step in this long and successful partnership.\u201d\n<\/p>\n<p>\nTemenos Transact was recently recognized as a leader in The Forrester Wave\u2122: Digital Banking Processing Platforms Q3 2020 for <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.temenos.com%2Fnews%2F2020%2F09%2F08%2Findependent-research-firm-recognizes-temenos-as-a-leader-in-digital-banking-processing-platforms-for-corporate-banking-report%2F&amp;esheet=52358145&amp;newsitemid=20210111005018&amp;lan=en-US&amp;anchor=Corporate+Banking&amp;index=1&amp;md5=f1fb8373c058acb971c9f013b55cc8d6\">Corporate Banking<\/a> and <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fwww.temenos.com%2Fnews%2F2020%2F09%2F04%2Ftemenos-named-a-leader-in-retail-digital-banking-processing-platforms-report-by-independent-research-firm%2F&amp;esheet=52358145&amp;newsitemid=20210111005018&amp;lan=en-US&amp;anchor=Retail+Banking&amp;index=2&amp;md5=4f638a8ba0241163aac94a24cce6a254\">Retail Banking<\/a>.\n<\/p>\n<p class=\"bwalignc\">\n\u2013 Ends \u2013\n<\/p>\n<p><b>About Temenos<\/b><\/p>\n<p>\nTemenos AG (SIX: TEMN) is the world\u2019s leader in banking software. Over 3,000 banks 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 1.2bn banking customers. Temenos offers cloud-native, cloud-agnostic and AI-driven front office, core banking, payments and fund administration software enabling banks to deliver frictionless, omnichannel customer experiences and gain operational excellence.\n<\/p>\n<p>\nTemenos software is proven to enable its top-performing clients to achieve cost-income ratios of 26.8% half the industry average and returns on equity of 29%, three times the industry average. These clients also invest 51% of their IT budget on growth and innovation versus maintenance, which is double the industry average, proving the banks\u2019 IT investment is adding tangible value to their business.\n<\/p>\n<p>\nFor more information, please visit <a rel=\"nofollow\" href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.temenos.com&amp;esheet=52358145&amp;newsitemid=20210111005018&amp;lan=en-US&amp;anchor=www.temenos.com&amp;index=3&amp;md5=af73892fdb869184140b6dcd76a38051\">www.temenos.com<\/a>.\n<\/p>\n<p><b>About Komer\u010dn\u00ed banka <\/b><\/p>\n<p>\nKomer\u010dn\u00ed banka is the parent company of KB Group and a member of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group. KB ranks among the leading banking institutions in the Czech Republic, as well as in Central and Eastern Europe. It is a universal bank providing a wide range of services in retail, corporate, and investment banking. Member companies of Komer\u010dn\u00ed banka Group provide additional specialised financial services, such as pension savings and building society schemes, leasing, factoring, consumer lending, and insurance. These are accessible through KB\u2019s branch network, its direct banking channels, and the subsidiaries\u2019 own sales networks. The Bank also provides services in the Slovak Republic through its branch focused on serving corporate clients as well as through selected subsidiaries.\n<\/p>\n<p><img decoding=\"async\" alt=\"\" src=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&amp;sty=20210111005018r1&amp;sid=flmnd&amp;distro=nx&amp;lang=en\" style=\"width:0;height:0\" \/><span class=\"bwct31415\" \/><\/p>\n<p id=\"mmgallerylink\"><span id=\"mmgallerylink-phrase\">View source version on businesswire.com: <\/span><span id=\"mmgallerylink-link\"><a href=\"https:\/\/www.businesswire.com\/news\/home\/20210111005018\/en\/\" rel=\"nofollow\">https:\/\/www.businesswire.com\/news\/home\/20210111005018\/en\/<\/a><\/span><\/p>\n<p><b>Media Contacts<br \/>\n<\/b><br \/><b>Jessica Wolfe &amp; Scott Rowe<br \/>\n<\/b><br \/>Temenos Global Public Relations<br \/>\n<br \/>Tel: +1 610 232 2793 &amp; +44 20 7423 3857<br \/>\n<br \/>Email : <a rel=\"nofollow\" href=\"mailto:press@temenos.com\">press@temenos.com<br \/>\n<\/a><\/p>\n<p><b>Alistair Kellie &amp; Andrew Adie<br \/>\n<\/b><br \/>Newgate Communications on behalf of Temenos<br \/>\n<br \/>Tel: +44 20 7680 6550<br \/>\n<br \/>Email: <a rel=\"nofollow\" href=\"mailto:allnewgatetemenos@newgatecomms.com\">allnewgatetemenos@newgatecomms.com<\/a><\/p>\n<p><b>KEYWORDS:<\/b> Europe Switzerland Czech Republic<\/p>\n<p><b>INDUSTRY KEYWORDS:<\/b> Other Professional Services Software Finance Banking Data Management Professional Services Technology Mobile\/Wireless<\/p>\n<p><b>MEDIA:<\/b><\/p>\n<table cellpadding=\"3\" cellspacing=\"3\">\n<tr>\n<td><font face=\"Arial\" size=\"2\"><b>Logo<\/b><\/font><\/td>\n<\/tr>\n<tr>\n<td><img decoding=\"async\" src=\"https:\/\/mms.businesswire.com\/media\/20210111005018\/en\/850861\/3\/Logo_Latest.jpg\" alt=\"Logo\" \/><\/td>\n<\/tr>\n<tr>\n<td><font face=\"Arial\" size=\"2\"><\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic Komer\u010dn\u00ed banka, one of the largest banks in Czech Republic, selects Temenos Transact to digitally transform banking for its 1.6 million customers and future-proof business growth Temenos\u2019 open-API and modern technology will enable Komer\u010dn\u00ed banka to simplify and consolidate its IT landscape and deliver leading-edge products to the market faster Temenos\u2019 flexible and agile banking platform to deliver market-leading cost-income ratio to support profitable growth GENEVA, Switzerland&#8211;(BUSINESS WIRE)&#8211; Temenos (SIX: TEMN), the banking software company, today announced that Komer\u010dn\u00ed banka, a member of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group and one of the largest financial institutions in the Czech Republic, &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/komercni-banka-part-of-the-societe-generale-group-selects-temenos-to-reinforce-its-leadership-in-digital-banking-in-czech-republic\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-412679","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Komer\u010dn\u00ed Banka - Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group - Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/komercni-banka-part-of-the-societe-generale-group-selects-temenos-to-reinforce-its-leadership-in-digital-banking-in-czech-republic\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Komer\u010dn\u00ed Banka - Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group - Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic Komer\u010dn\u00ed banka, one of the largest banks in Czech Republic, selects Temenos Transact to digitally transform banking for its 1.6 million customers and future-proof business growth Temenos\u2019 open-API and modern technology will enable Komer\u010dn\u00ed banka to simplify and consolidate its IT landscape and deliver leading-edge products to the market faster Temenos\u2019 flexible and agile banking platform to deliver market-leading cost-income ratio to support profitable growth GENEVA, Switzerland&#8211;(BUSINESS WIRE)&#8211; Temenos (SIX: TEMN), the banking software company, today announced that Komer\u010dn\u00ed banka, a member of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group and one of the largest financial institutions in the Czech Republic, &hellip; Continue reading &quot;Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; 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Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; Selects Temenos to Reinforce its Leadership in Digital Banking in Czech Republic Komer\u010dn\u00ed banka, one of the largest banks in Czech Republic, selects Temenos Transact to digitally transform banking for its 1.6 million customers and future-proof business growth Temenos\u2019 open-API and modern technology will enable Komer\u010dn\u00ed banka to simplify and consolidate its IT landscape and deliver leading-edge products to the market faster Temenos\u2019 flexible and agile banking platform to deliver market-leading cost-income ratio to support profitable growth GENEVA, Switzerland&#8211;(BUSINESS WIRE)&#8211; Temenos (SIX: TEMN), the banking software company, today announced that Komer\u010dn\u00ed banka, a member of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group and one of the largest financial institutions in the Czech Republic, &hellip; Continue reading \"Komer\u010dn\u00ed Banka &#8211; Part of the Soci\u00e9t\u00e9 G\u00e9n\u00e9rale Group &#8211; 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