Agricultural Bank of China (ABC) has selected TEMENOS CoreBanking (TCB) as a Reference Architecture on which to create its Next Generation Core Banking System.

By partnering with Temenos in this way, ABC will accelerate the delivery of its Core Banking Transformation program, driven by the needs of its rapidly evolving customer base.

TCB is a functionally rich, modern Retail Core Banking System, underpinned by an industry standard Enterprise Banking Data Model. It is implemented by the world’s largest banks to transform highly complex, fragmented legacy core systems into an integrated, simplified and cost-effective solution.

The first phase of the project is well underway to establish the TCB operational Reference Architecture and ensure that the bank’s IT Team understand all facets of the data, functional and technical architecture that will form the basis of the bank’s future IT blueprint. ABC signed the contract with Temenos at the end of 2009.

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