In brief
- As a Temenos Global Certified Upgrade Partner, Luxoft provides unrivaled expertise and experience with over 240 highly skilled professionals ready to resolve even the most intricate upgrade projects
- By tailoring functional and technical services for the banking sector specifically, Luxoft has established itself as a trusted global partner for Temenos upgrades, ensuring seamless and successful transitions
- Join us on a Transact DevOps journey, fostering continuous improvement and agility. Automation pipelines streamline the upgrade process, reducing manual effort and increasing operational efficiency
Luxoft has emerged as a digital game changer in the rapidly evolving financial industry through our strategic alliance with Temenos. By signing an expanded partnership agreement in 2020, Luxoft solidified its commitment to accelerating digital transformation for banks. Being a Temenos Global Certified Upgrade Partner, Luxoft provides unrivaled expertise and experience through our extensive global partner practice. Equipped with a powerhouse team of over 240 highly skilled professionals, we can resolve even the most intricate upgrade projects, guaranteeing outstanding outcomes.
Our team comprises a diverse range of specialists in multiple domains, enabling us to accommodate the full spectrum of needs and deliver bespoke solutions aligned with each client’s unique requirements.
From meticulous planning to flawless execution, our team streamlines each upgrade, delivering a seamless transition to cutting-edge systems and technologies. Our deep understanding of financial services helps banks enhance performance, increase competitiveness, develop superior customer experiences and deliver better business outcomes.
In this article, we explain what makes the Luxoft-Temenos partnership tick, highlighting our comprehensive range of services with an overview of our proven upgrade methodology and practical reasons why you should choose Luxoft as your Temenos upgrade partner.
A strategic partnership built on value creation
The Luxoft-Temenos alliance is committed to creating and delivering value for new and existing Temenos sites. This partnership, initiated in 2017, gained momentum in 2020 with a global strategic agreement, underlining Luxoft's broad Temenos expertise. Luxoft has invested heavily in developing banking technology, leveraging unrivaled banking sector experience. And with a proven track record of governance and managed service capabilities, we ensure clients meet their business goals, strengthening the alliance’s strategic value proposition.
Comprehensive Temenos services for end-to-end transformation
By tailoring functional and technical services for the banking sector specifically, Luxoft has established itself as a trusted global partner for Temenos upgrades. We provide comprehensive support and expertise, ensuring seamless and successful transitions to the latest advancements in banking technology. Offerings include SME advisory, implementation, system integration, migration services, technical upgrades, enhancement services, testing services, DevOps for Temenos and managed services. Our end-to-end solutions allow banks to unlock the full potential of their Temenos platforms. With globally distributed regional centers of excellence (CoE), Luxoft ensures time-zone coverage, enabling prompt support and issue resolution.
The Luxoft advantage
Choosing Luxoft for Temenos upgrades triggers a multitude of benefits. Our global partnership aligns with Temenos' strategic objectives, facilitating seamless collaboration and access to the latest innovations.
As a Temenos Managed Certified Partner for upgrades, we bring a wealth of experience in enhancing and updating Temenos Transact. The certification we possess highlights our deep understanding of the intricacies of upgrading critical financial software, ensuring smooth transitions, minimizing downtime and optimizing performance.
With complete end-to-end delivery capability, Luxoft takes ownership of the entire upgrade process, offering clients a smooth and secure experience. Our globally distributed regional CoEs ensure around-the-clock support and response regardless of time zones. Luxoft's internal talent development programs equip team members with innovative skills, ensuring they reach and remain at the forefront of industry advancement.
A blueprint for success
Luxoft's upgrade methodology (a.k.a. the TIM Aligned Transact upgrade methodology) anchors our success in this field. The established framework drives the upgrade process toward seamless execution and optimal results. Luxoft’s delivery model combines onsite and offshore teams, ensuring cost-effectiveness, close collaboration and added flexibility to meet the differing requirements of each bank.
Luxoft is well-equipped to deliver the most complex upgrades: Database migrations, functional transformations, legacy module migrations and implementation of new modules. We crack infrastructure and architecture issues, easing testing-phase preparation and execution, region-specific functionality and performance optimization. We also conduct comprehensive testing, including pre-functional testing with bank business teams and technical integration testing with satellite systems, to identify and resolve core issues early on.
Helping banks harness their full potential
Luxoft goes beyond the standard upgrade process to offer extra value-adds. We enable banks to join us on a Transact DevOps journey, fostering continuous improvement and agility. Transact Upgrade automation pipelines streamline the upgrade process, reducing manual effort and ensuring efficiency. Luxoft's proprietary tools, including Upgrade Analyzer, Object Explorer, Data Comparison, and GL Comparison, equip banks with powerful insight and analysis capabilities, enabling them to make informed decisions during the upgrade process.
Meeting challenges
Recognizing the unique challenges associated with Temenos upgrades, Luxoft employs proactive strategies to find the best solutions. We streamline the conversion process by conducting an in-depth analysis of complex database objects in advance and implementing effective tactics like archival, phased conversion, data purging and database optimization. The team collaborates with stakeholders from the architectural landscape to identify and engage business-critical surround systems, streamlining integration during the development, mock-integration and testing phases.
Timely pre-functional and technical-integration testing help identify core issues and architectural challenges earlier, expediting resolution. Through effective liaison and planning with clients, Luxoft’s experts optimize the package and release mechanisms, ensuring a seamless upgrade experience. Furthermore, performance parameters and early parallel testing help identify and solve performance issues, providing a faster and more efficient upgrade process.
Conclusion
Luxoft's strategic alliance with Temenos has unlocked a world of possibilities for banks looking to embark on a digital transformation journey. With a comprehensive suite of services, unparalleled expertise and proven upgrade methodology, Luxoft empowers banks to maximize the potential of their Temenos platforms.
By investing in Luxoft's strategic partnership, financial institutions gain access to a wide range of services that cover every aspect of the upgrade process, from planning to implementation and beyond. Our end-to-end delivery, strong internal talent development programs and globally distributed CoEs arm banks with a digital competitive advantage.
By solving upgrade challenges, offering value-adds and taking a proactive approach, we encourage banks to unleash the true potential of their Temenos solutions. With a trusted partner like Luxoft, banks can confidently navigate the complexities of Temenos upgrades, ensuring their seamless transition to an enhanced digital banking experience.
Interested?
To learn more about the world’s #1 core banking system software, visit Luxoft Temenos Services. Or, if you’d like to arrange a Temenos demonstration or upgrade, contact us.
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