December 22, 2008

Halyk Bank (Kazakhstan), has gone live on TEMENOS (Geneva) T24 to support its treasury operations.

The successful implementation is the first phase of the bank's centralization project to roll out T24 across all of its 720 branches in Kazakhstan and subsidiaries in Georgia and Russia. The bank is currently implementing the second phase of T24 to support and integrate its retail operations, which will service approximately six million customers to aid its international growth plans.

The Temenos Professional Services Team implemented the first phase of T24, which includes Forex, Money Market and Securities functionality on IBM servers with an Oracle database. The system also integrates with a SWIFT Alliance interface. The second implementation phase is expected to go live in Q3 2009.