LuxSaaS Banking Bringing Core Banking Solutions to a new level

Core Banking Software have always been challenging to run and maintain.  With increasing competition, increasing complexity of solutions and banking regulations it is becoming more and more costly and difficult to operate a core-banking infrastructure.

The Syncordis LuxSaaS is powered by Telindus regulated private cloud, offers a fully regulated Temenos T24 and Wealth Suite on a secure and flexible cloud-based banking platform to make it easy to use.

This solution offers financial institutions a complete and futureproof “bank in a box” fully hosted and operated from Luxembourg. The combined expertise of Syncordis, Telindus, and Temenos ensures this SaaS solution meets the regulatory requirements and business needs of the Luxembourgish banking industry while its deployment model streamlines banks’ operational set-up.

Key benefits LuxSaaS Banking

  • 70% cheaper to implement than a comparable on premise Core banking Software infrastructure.

  • Syncordis LuxSaaS is not a software in the cloud, it is a complete different offering more powerful: seamlessly receive new software update, new releases, new capabilities with no disruption to the business, on day to day basis

  • Syncordis LuxSaaS is a preconfigured with Luxembourg best practices and regulation such as MiFid2, Basel II & III, FATCA…

For whom ?

The benefits

  • It allows banks and financial institutions to concentrate on their main business and let run the IT parts by specialists, because banks today must be able to compete in this much faster changing environment like for example, Neobanks that are offering latest technologies and innovation to their customers.

  • Syncordis LuxSaaS let you run on the latest release of Temenos solutions where usually major release upgrades have to be plans 12 months in advance and these upgrades are generally dangerous for the business. So, a majority of banks are just running out of date software releases.

The characteristics

  • Cheaper and faster to implement
  • LuxSaaS suite most of the bank types, size, jurisdiction and culture
  • Full Temenos suite (T24, TAP, TDS, FCM, insight) and third-party applications
  • Subscription-bases financial model
  • Syncordis LuxSaaS is regulated by Luxembourg banking authority (PSF)
  • Benefit seamlessly from latest releases and functionalities
  • SaaS is flexibles and is offer in full private cloud, public cloud and hybrid model.
  • It is secure, resilient, economical and practical to run
  • Let the company concentrate on business in this fast changing environment.
  • Built on active active infrastructure for high availability services

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