Press release

Syncordis Announces Global Strategic Partnership with Temenos

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Syncordis S.A., a wholly owned subsidiary of Larsen & Toubro Infotech
(LTI), today announced a strategic global partnership with Temenos, the
banking software company. This partnership will enable Syncordis to
seamlessly offer an array of Temenos certified services to banks across
the globe.

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Equipped with an exclusive focus and comprehensive expertise, Syncordis
has established itself as a specialist in implementation of Temenos T24
Transact, the next generation platform for core banking and Temenos
WealthSuite. Through the global partnership, Syncordis will attain
enhanced capabilities to offer a wide range of services across Temenos
product portfolio and manage migration, training, testing and upgrade
requirements of Temenos clients worldwide.

Guillaume Desjonqueres, CEO, Syncordis said, “We are excited to
partner with Temenos, the market leader in cloud-native, cloud-agnostic
banking software, and confident that we will be able to deliver
outstanding services and experiences to our customers through this
strategic alliance.”

Nachiket Deshpande, COO, LTI said, “As the Financial Services
industry undergoes transformation, organizations must co-innovate to
solve tough problems for their customers. Syncordis and LTI will partner
with Temenos to address this demand, deliver innovation and improve
business performance for our global clients in the Banking and Wealth
Management space.”

Neal McLoughlin, Head of Partners & Operations, Temenos,
said, “At Temenos, we understand the power of partnerships and we have
built the most dynamic community in the banking industry. We are
delighted to expand our partnership with Syncordis to a global strategic
alliances and value their commitment. Together, we will leverage the
power of our cloud-native, cloud-agnostic banking software to transform
the banking industry.”

Syncordis has developed industry-leading accelerators that help with
faster and consistent Temenos implementations and capture the
fast-growing market opportunities for banking modernization services.
This partnership will establish Syncordis as a trusted Temenos partner
for end-to-end implementation, platform upgrades and enhancements for
performance tuning.

About Syncordis:

Syncordis S.A., a Luxembourg based LTI Company, delivers high-quality
end-to-end implementation and system integration projects with an
exclusive focus on Temenos banking software. With 12 offices across the
globe and 300+ experts, Syncordis enables its international clients to
master their digital transformation and succeed in this ever-changing
market. Having recently merged with NIELSEN+PARTNER, Syncordis now
combines the business and technical expertise and experience of 15+
years in Temenos T24 Transact and SaaS solutions and production support
services with 24+ years in Temenos WealthSuite, Temenos Infinity and
DataSource. This makes Syncordis one of the wealth management
specialists and one-stop partners for Temenos clients worldwide. For
more information please visit

About Temenos:

Temenos AG (SIX: TEMN), headquartered in Geneva, is the world’s leader
in banking software, partnering with banks and other financial
institutions to transform their businesses and stay ahead of a changing
marketplace. Over 3,000 firms 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 500 million banking customers. Temenos
offers cloud-native, cloud-agnostic front office and core banking,
payments, fund management and wealth management software products
enabling banks to deliver consistent, frictionless customer journeys and
gain operational excellence. Temenos customers are proven to be more
profitable than their peers: over a seven-year period, they enjoyed on
average a 31% higher return on assets, a 36% higher return on equity and
an 8.6 percentage point lower cost/income ratio than banks running
legacy applications. For more information please visit

About LTI:

Larsen & Toubro Infotech (NSE: LTI, BSE: 540005) is a global technology
consulting and digital solutions Company helping more than 300 clients
succeed in a converging world. With operations in 30 countries, we go
the extra mile for our clients and accelerate their digital
transformation with LTI’s Mosaic platform enabling their mobile, social,
analytics, IoT and cloud journeys. Founded in 1997 as a subsidiary of
Larsen & Toubro Limited, our unique heritage gives
us unrivalled real-world expertise to solve the most complex challenges
of enterprises across all industries. Each day, our team of more than
28,000 LTItes enable our clients to improve the effectiveness of their
business and technology operations, and deliver value to their
customers, employees and shareholders. Find more at
or follow us at @LTI_Global.