Business Editors
MILWAUKEE & GENEVA--(BUSINESS WIRE)--October 14, 2008--Metavante (NYSE:MV), a leading provider of banking and payments technology, today announced that EverBank Financial Corporation has extended its relationship with Metavante Corporation. Metavante and EverBank will work with Temenos (SWX:TEMN) to deploy the TEMENOS T24 software to support the bank?s World Markets division. The recently signed deal represents the first T24 opportunity resulting from the extended Metavante/Temenos strategic marketing alliance announced on July 31, 2008.
EverBank currently utilizes Metavante for a comprehensive suite of services including advanced internet banking services. The T24 application will be integrated and hosted by Metavante to support the bank?s World Markets global trading, foreign exchange and commodities operations. World Markets is a division of EverBank that offers global investment solutions, which include CDs backed by foreign currency and precious metals, money market accounts and structured product accounts to a diverse customer base. The Metavante core processing solution integrated with Temenos T24 will provide the bank a highly scalable system to support the division?s current operations and growth initiatives.
EverBank selected T24 Model Bank, which includes pre-configured products and processes based on international banking best practices to reduce implementation time and costs, minimize customization and lower overall project risk. T24 will be integrated with the other services Metavante provides the bank to replace several in-house systems currently used to support the EverBank World Markets business.
?EverBank World Markets is a rapidly growing division of the bank with an aggressive plan to expand the global offerings to our customers,? said Frank Trotter, President, EverBank Direct. ?We needed a system that would fully support these growth objectives. A critical element in our decision to utilize T24 was the opportunity to have Metavante host the application and integrate it with the broader set of services Metavante currently provides the bank. The alliance and strong working relationship Metavante has with Temenos for both the T24 product and the new Global Integrated Banking Suite banking solution provides us a high degree of confidence that this relationship will assist in propelling EverBank?s growth across every dimension of our business.?
?Metavante will manage the implementation of T24 with the assistance of Temenos Application Management (TAM) Services to roll out the system that will also include functionality for internet banking, asset management, foreign exchange, derivatives and securities,? explained James Bolton, group president Metavante Enterprise Solutions. ?T24 will run in a Metavante hosted environment and will be integrated to our consumer internet banking and core processing services. The solution is expected to go live in the third quarter of 2009.?
?As the first contract under our joint T24 marketing agreement with Metavante, this is a very exciting development because we have been able to bring to this segment of the U.S. market what is arguably one of the leading international banking software products,? said Andreas Andreades, Temenos? chief executive officer. ?This deal also demonstrates that there is a market need in the U.S. to support the unique and complex, multi-currency offerings that we are now able to address thanks to wider distribution through our hosting arrangements with Metavante.?
About EverBank
EverBank Financial Corp., and its EverBank subsidiaries, is a privately-held thrift holding company headquartered in Jacksonville, Florida offering innovative banking, lending, and investment products and services of exceptional value. The company's balanced mortgage banking and deposit banking platforms provide diverse revenue streams with proven success in a variety of market conditions. As of June 30, 2008, the company has over $6.0 billion in assets and over $4.1 billion in deposits. For more information on the EverBank Family of Companies, log on to EverBank.com
About Temenos
Founded in 1993 and listed on the Swiss Stock Exchange (SWX:TEMN), Temenos Group AG is a global provider of banking software systems in the Retail, Corporate & Correspondent, Universal, Private, Islamic and Microfinance & Community banking markets. Headquartered in Geneva with 44 offices worldwide, Temenos serves over 600 customers in more than 120 countries. Temenos? software products provide advanced technology and rich functionality, incorporating best practice processes that leverage Temenos? experience in over 600 implementations around the globe. Temenos? advanced and automated implementation approach, provided by its strong Client Services organisation, ensures efficient and low-risk core banking platform migrations. Temenos annually invests around 20% in R&D, significantly more than its peers, into a single fully packaged upgradeable software release, which ensures all Temenos customers benefit from modern technology and support indefinitely. For more information please visit
www.temenos.com
About Metavante
Metavante Technologies, Inc. (NYSE:MV) is the parent company of Metavante Corporation. Metavante Corporation delivers banking and payments technologies to over 8,000 financial services firms and businesses worldwide. Metavante products and services drive account processing for deposit, loan and trust systems, image-based and conventional check processing, electronic funds transfer, consumer healthcare payments, electronic presentment and payment, business transformation services, and payment network solutions including the NYCE Network, a leading ATM/PIN debit network. Metavante (
www.metavante.com
) is headquartered in Milwaukee.
Metavante is a registered trademark of Metavante Corporation, which is the principal subsidiary of Metavante Technologies, Inc.
TEMENOS
?
and TEMENOS T24
?
are registered trademarks of the TEMENOS GROUP
For Metavante
:
Sam Baumgarten, Tel: 678-358-6982
sam.baumgarten@metavante.com
or
For Temenos:
Max Chuard, Tel: +41 (0) 22 708 1157
mchuard@temenos.com
Ben Robinson, Tel: +44 (0) 207 290 3012
brobinson@temenos.com
Petra Shuttlewood, Tel: +44 (0) 207 423 3751
pshuttlewood@temenos.com
Evelina Amanatidou/Sole Chirco,
Tel: +44 (0) 20 3100 3592/3718
evelina@metia.com
,
sole.chirco@metia.com
State Keywords: Wisconsin
Industry Keywords: Technology; Software; Professional Services; Banking
Source: Metavante Technologies, Inc.
