Syncordis, Temenos and Proximus NXT

The Luxembourg SaaS solution based on Temenos SaaS technology provides financial institutions with a complete and scalable “bank in a box”, fully hosted and operated from Luxembourg. The combined expertise of Syncordis and Proximus NXT, together with Temenos SaaS technology, ensures that this solution meets the regulatory requirements and business needs of the Luxembourg banking sector, while its deployment model streamlines banks’ operational organization. This model leverages the benefits of SaaS, including outsourced IT, increased agility, scalability and security.

From the outset, this offering based on Temenos SaaS technology incorporates organizational and technical capabilities for the remote management of the technical and application infrastructure. With security at the heart of the architecture, every element of the chain—laptops, networks and data centers—has been designed to ensure maximum integrity of Syncordis customers’ data. At the core of this system, a secure platform requires all connections to the data center to be initiated from Luxembourg, regardless of the user’s location. All connections are managed through a privileged access management tool that ensures permanent, secure and controlled access, through session recording, even in the most exceptional circumstances.

This regulated and flexible approach enables Syncordis to customize and adapt its services to each customer’s needs, and even to operate as an external business continuity center through its PSF.
Guillaume Desjonqueres, CEO of Syncordis, says: “For years, we have seen banks outsource the implementation and ongoing evolution of their IT systems. Today, they are discovering the benefits of cloud computing-based solutions compared with traditional on-premises solutions. Faster deployments, standardization, cost optimization and on-demand scalability enabled by cloud computing and Software-as-a-Service (SaaS) operating models have made these solutions extremely popular among companies looking to improve their agility.”

Alain Vansnick, Regional Director, Benelux and Nordics, Temenos, adds: “We are pleased that Syncordis and Proximus NXT have chosen Temenos SaaS technology. Banks are facing increasingly complex regulations, demanding customers looking for new hyper-personalized products, and the emergence of new competitors such as Big Tech companies. In this new environment, financial institutions need to rethink their business models and adopt cloud and SaaS technologies to reduce time to market and operational complexity, become more flexible and deliver an exceptional digital customer experience.”

Jacques Ruckert, Director of Solutions & Innovation at Proximus Luxembourg, concludes: “In Luxembourg, financial institutions benefit from specific legislation applicable to service providers that enter into outsourcing agreements with them. This ensures that service providers are regulated and supervised to the same extent as the financial institutions themselves. As a regulated service provider, Proximus NXT offers cutting-edge private cloud services to the financial community, enabling banks to focus on their core business while supporting them in their transition to a new operating model.”

This unique combination of capabilities and strengths in hosting, application management, services and industry expertise offers customers a highly attractive alternative to on-premises deployment, with enhanced levels of security and reliability. Syncordis’ SaaS solution enables its customers to drive their digital transformation, focus on their core business and optimize their business performance.