The bank has chosen the T24 Model Bank, with pre-configured products and processes that ensure a quick, low-risk migration. Swedbank has also opted for corporate banking modules including loans, cash management and financial calculations.Temenos T24 is a scalable, integrated, modular banking system, built on open service oriented architecture, and using technology standards such as Simple Object Access Protocol (SOAP) web services, XML and a stateless browser front end. It is boasted as “the only system available with no end-of-day batch processing”, which consequently can provide real-time 24/7 non-stop banking.
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