“It’s a similar scenario to what we have done with Dresdner in their Latin American operations and Credit Suisse’s private banking group, where we have rolled out Globus in six countries and now we’re on seven and eight,” said Temenos Group vice-chairman, Kim Goodall.”
Goodall was evasive when quizzed on the size of the Schroders contract, but he did indicate that the average Globus agreement in terms of functionality, numbers of users and duration amounted to about $1.7 million.
Globus consists of Core - a central software installation that all users need to purchase, which acts as an anchor for the additional software – and a number of discreet modular applications that include private and retail banking, risk management, trade finance and treasury and investment functionality. Once Core has been deployed, the additional components can be selected on a ‘pick and mix’ basis, determined by the needs of the individual institutions.
“All customers have exactly the same software,” explained Goodall. “We therefore would like them to be able to do their own ‘tweaks’ in terms of customising their applications to suit their needs.”