L&T Infotech unit to supply banking software from Temenos

Syncordis SA, a wholly owned subsidiary of technology consulting and digital solutions firm L&T Infotech, said that it has agreed to supply solutions from banking software provider Temenos to its customers.

“Through the partnership with Temenos, the company 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”, Syncordis said in a statement.

Headquartered in Luxembourg, LTI’s Syncordis delivers high-quality end-to-end implementation and system integration projects with an exclusive focus on Temenos banking software.

Syncordis claims that it has established itself as a specialist in the implementation of Temenos 24 Transact, a leading banking software used by over 700 banks all over the globe.

Temenos has relationships with over 3,000 firms across the world, including 41 of the top 50 banks, to process both the daily transactions and client interactions of more than 500 million banking customers.

“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”, said Nachiket Deshpande, COO, LTI.

LTI, a wholly owned subsidiary of infrastructure company Larsen and Toubro,  offers IT services to more than 300 clients all over the world. Headquartered in Mumbai, LTI has operations in more than 27 countries. It has presence in India, North America, Europe, Middle East, South America and Africa.