Temenos is the World Cup of core banking-really popular overseas and working hard to gain a foothold in the States. But when it comes to seizing a big share in the U.S., it's getting late in the game.

TowerGroup senior research director Robert Hunt recently reported that pressures on banks to reduce costs, battle efficient foreign bank competitors, meet a demand for new deposit products and mitigate the risk of multiple day service outages inherent in the batch update architecture are creating pressure on banks to implement modern, real-time capable core processing systems. Citigroup's plan to upgrade to a core processing application from FIS, and market chatter that Bank of America's core is "in play," means the long-awaited wave of core replacements in the U.S. may be near. This puts added pressure on Temenos, and its T24 Model Bank solution, to position itself quickly or lose out.

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