Temenos has announced that China Merchants Bank (CMB) has selected TEMENOS T24 Model Bank US Platform to support the bank’s newly established corporate banking business at its New York subsidiary.

Temenos will provide a bilingual support team with consultants based in both the US and China. The system will be implemented on IBM hardware at the bank’s New York office to support its high-speed, high-volume transaction processing and planned business growth. The New York branch will facilitate trade and other business activities between the US and China by providing trade service, trade finance, dollar clearing and other services to businesses from both countries. It is an essential part of CMB’s overseas expansion strategy.

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