Arizona 2017 - May 1st-4th
Release Date: Sunday, June 30, 2013
Temenos announced that Cairo Amman Bank, a full service bank with 106 branches in Jordan and Palestine, has gone live with T24™, Temenos' award-winning core banking system based on jBASE technology. The deployment of T24 replaces the bank's legacy core banking system and consolidates multiple banking modules. Through centralizing its operations, Cairo Amman Bank expects to see immediate improvements in operational efficiency including automation of Real Time Gross Settlement payments, freeing up a team of people to support additional growth in the business and laying the infrastructure to support sustained growth in income and profitability.
June 2012 saw Cairo Amman Bank's Abu Nseir branch go-live as a pilot branch, followed by Treasury department operations in October 2012. The Zara Mall branch underwent the implementation of a model branch in March 2013 and the remaining 84 branches in Jordan and 21 in Palestine are scheduled to go live by the end of 2013. As part of the move to T24, the bank is also installing a Temenos' anti-money laundering (AML) screening solution.
Cairo Amman Bank selected T24 based upon Temenos' deep understanding of the local banking market and its proven track record of implementation of modern technological IT banking modules and support systems.
Kamal Al-Bakri, General Manager, Cairo Amman Bank says: "Temenos has delivered Cairo Amman Bank a modern, best-in-class core system, pivotal to the future success of the bank. We have invested in T24 to centralize and unify our core platform, eliminating complexity and lowering total cost of ownership. With T24 we now have an open and modern platform that integrates and interfaces with any external system and has the flexibility and scalability to grow with us. We found in Temenos a like-minded, innovative partner, harnessing technology to provide a truly differentiating service."
According to Mr. Clive Ketteridge, General Manager of jBASE at TEMENOS, the underlying run-time and database of the bank's implementation is jBASE. "One of the prerequisites for TEMENOS' T24 banking application is the jBASE open connectivity technology integrated with the banking functionality and coupled with an open database such as Oracle, IBM's DB2, Microsoft's SQL Server or jBASE, which provides clients with numerous options with regard to future direction. This undoubtedly offers the stability Cairo Amman Bank was looking for in rolling out their solution. Our customers complement us often on the ease of deployment and ongoing housekeeping that jBASE affords."
About jBASE / Zumasys, Inc
In January 2015, Zumasys, a leading provider of cloud computing solutions for business-critical software applications and ERP systems, announced that it had completed the acquisition of the jBASE database from Temenos, based in Geneva Switzerland.
jBASE is a world class Database Management System comprising development tools, middleware and a multi-dimensional database. jBASE takes the best points of the relational database model and adds to it several significant benefits including ease of use, superb performance, small footprint and all the rich MultiValue features, making it ideally suited to all business uses from the Internet to OLAP to transactional applications. The architecture is uniquely designed to allow all and any application development tools and backend databases to form part of a jBASE solution.
jBASE has an impressive installed base spread across 70+ countries worldwide in almost every facet of daily life including Banks, Retailers, Healthcare, Government and General Commerce. Over 300,000 users and 8000 businesses around the world rely on jBASE for mission critical information management.
Zumasys helps companies of every size transition their infrastructure and applications to the cloud. With Zumasys cloud services, customers can easily access the latest software and hardware technologies over the Web, allowing them to focus on growing their core business instead of managing their IT infrastructures. Zumasys delivers personalized service, integrated disaster recovery and the confidence companies need to outsource the hosting of all their databases including SQL, Oracle and Pick MultiValue systems.
For more information, visit http://www.jbase.com
Founded in 1993 and listed on the main segment of the Swiss Stock Exchange (SWX: TEMN), Temenos Group AG is a leading provider of integrated modular core banking systems. We serve more than 600 customers in over 120 countries, supported by 44 offices with more than 2,300 staff made up of over 60 nationalities.
Temenos’ only domain is banking software and our success is achieved by being completely focused on providing the best banking software available today. To this end, we consistently devote 20 percent of our revenues to research and development, higher than the average of our industry peers.
Temenos software provides banks with a single, real-time view of the client across the enterprise, enabling banks to maximise returns while streamlining costs. We provide 24x7 functionality to the Retail, Corporate and Correspondent, Universal, Private Wealth Management, Islamic, Microfinance and Community banking sectors. Temenos partners with central banks on core system replacement; and works with the World Bank on solutions for emerging markets.
For more information, visit http://www.temenos.com
What is jBASE?
jBASE is a database and a set of programs and libraries that allows normal MultiValue (MV) applications to become native Windows, Unix or Linux programs. All of the traditional MV features are supported, including BASIC, Proc, Paragraph, Query and Dictionaries (Pick and Prime style).
What are the benefits of jBASE?
Because existing MV apps are converted to native executables and shared objects, they run fast and take advantage of the latest compiler optimizations available for Windows, Unix and Linux platforms.
Flexible licensing models support cost-effective application deployment for traditional character-based applications and include models suited for efficient deployment of web and graphical-based applications.
A key differentiator is that jBASE architecture tends to make sense to technical hires who may not have prior MV experience. jBASE organizes itself much like other mainstream applications, with full support for pathing and threading. Because it is native, business objects created in jBASE, even those based on legacy code, can be wrapped with other languages. jBASE is a platform that respects the investments made in custom-built legacy apps while allowing non-MV programmers to build next-generation applications using the latest design tools and methods.
jBASE also has one of the lowest support and maintenance costs among enterprise-level MV databases.
Who actually controls jBASE?
In 2015, Zumasys purchased the jBASE intellectual property and development from Temenos, as well as jBASE sales and support from MPower1. Zumasys now controls and markets jBASE internationally with full time developers located in England and North America. jBASE interested us not just because of its worldwide install-base of loyal customers but also because it is a technology that will utilize the Zumasys Cloud to help those customers move to a SaaS business model. We can serve up MV applications running on a multi-tenanted database architecture with unrivaled price and performance and include unique features such as browser-based access.
What does the future hold for jBASE?
Being a native architecture, the future for jBASE is bright. Advancements in technology outside of jBASE tend to benefit jBASE simply because it has a native architecture. This leaves our engineers with time to focus on internal feature and functions and leave other work such as performance tuning and connectivity to vendors of operating systems.
Developers can continue to develop using traditional MV languages and data or choose to develop in new languages. They can choose whether data should be stored in traditional high-performance MV files or in virtually any other database, such as SQL Server, Oracle, DB2 or modern object data stores and noSQL databases.
For more information, visit http://www.jbase.com/