Advia Credit Union presented with Temenos’ annual Pioneer Award
Advia recognized for contributions to the advancement of the Lifecycle Management Suite
MALVERN, PA (October 3, 2017) — Temenos (SIX: TEMN), presents the eleventh annual Pioneer Award to Advia Credit Union. This award is given annually to one Lifecycle Management Suite customer that has demonstrated a continued contribution to the advancement of new technology with Temenos.
Advia is a Lifecycle Management Suite power user, operating on the Temenos Account and Loan Origination modules, accompanied by the Virtual Capture functionality, as well as the Temenos Collection module. With over $1.65 billion in assets and over 135,000 members, the online and mobile experience was extremely important to Advia, and motivated them to collaborate with Temenos to drive this technology forward.
Advia has continually demonstrated their commitment to helping Temenos advance its technology particularly through their partnership on the Account Origination enhancements for the Virtual Capture functionality. They worked closely with the Temenos implementation and product teams to gain a deep understanding of all capabilities of the solution and were very open in sharing details of their business process and goals. This level of collaboration allowed Temenos to provide the optimal enhancements to meet the current and future needs of customers like Advia.
Ryan Olson, Director of Consumer Lending, Advia Credit Union, commented: “We have found tremendous value within the Temenos Lifecycle Management Suite. As with any dynamic organization we must continue to grow and look for new opportunities to expand. We are able to do that by consistently pushing Temenos and innovating alongside of them to bring the best system to the market. We look forward to our continued partnership with Temenos.”
Larry Edgar-Smith, Executive Vice President of the Lifecycle Management Suite, Temenos stated: “This is a special award for Temenos to present each year, and it becomes increasingly difficult to select just one winner. Many of our customers have contributed to the development and success of our products. Typically, we present the Pioneer Award at the Temenos Client Educational Conference which was scheduled to take place in Orlando, FL but we had to cancel this year due to Hurricane Irma. In true technology fashion, we presented the award to Advia virtually with a live web conference. Advia has been a remarkable partner as we continue to better our products, innovate technology and emerge as industry leaders. We are thrilled to present them with this award.”
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 banks 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 software is proven to enable its top-performing clients to achieve industry-leading cost-income ratios of 25.2% and returns on equity of 25.0%, 2X better than the industry average. These clients also invest over 53% of their IT budget on growth and innovation versus maintenance, which is 2.5X the industry average, proving the banks’ IT investment is adding tangible value to their business. For more information, please visit www.temenos.com.