The global banking platform Temenos and the digital transformation organization Bahwan CyberTek (BCT) declared that they had signed an exclusive contract for seven years in order to increase the activities of the former in India, Sri Lanka, Nepal, & Bhutan. This was done in order to expand the activities of the former.
Temenos will get assistance in expanding its market coverage and deepening its local expertise from BCT, which will help advertise, implement, as well as provide support for Temenos’ products & solutions in these countries as part of the agreement.
“We are pleased to forge this partnership with Temenos as it increases our visibility and reaches in the banking industry. Financial institutions are facing intense pressure from customer demands, regulations, and competition from new players. (This) places us in a strong position to drive digital transformation for banks and financial institutions,” said the cofounder, the director & group CEO of BCT S Durgaprasad.
Temenos will be able to accelerate business expansion and concentrate its focus on customers in these 4 countries as a result of this arrangement, which offers Temenos with improved visibility into the company’s profitability & cash flow.
“We are excited to announce this exclusive agreement with BCT, which opens up our addressable market and accelerates our growth through new business opportunities in these geographies,” said the president & chief revenue office of Temenos.