TEMENOS Group (SWX: TEMN), the provider of integrated core banking systems, today announced that Banco Popular y de Desarrollo Comunal (Banco Popular), one of the largest retail banks in Costa Rica, has selected TEMENOS T24 (T24) to replace its core banking platform. T24 will support the Bank's critical credit, deposits and client relationships business, servicing 120 branches and 1.5 million customer accounts.

T24 incorporates modern technology including a comprehensive Service Orientated Architecture (SOA), fully enabled for standard, SOAP (Simple Object Access Protocol) web services, and BPEL process execution and compliant with industry leading ESBs (Enterprise Service Buses). T24 can be deployed on fully scalable, multi-server n-tier architecture. It provides a full front-to-back solution from electronic delivery channels such as mobile devices and internet banking right through to settlement, general ledger and other back office functions all in a fully integrated, reliable and cost effective environment. Temenos' total commitment to open standards enables its customers to benefit from the latest advances in technology ensuring business agility, continuity, data integrity and reduced downtime delivering a significant, immediate and ongoing return on investment.

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