Swiss-based banking software provider Temenos says that BNP Paribas Securities Services has extended its licenses for two crucial systems, until 2028.
According to a Temenos press release Tuesday, the agreement regards two products under its Temenos Multifonds label: Global Accounting and Global Investor.
Temenos says it has completed the integration of Temenos Multifonds Global Accounting into BNP Paribas Securities Services’ domestic fund administration business in France. “Achieved in under two years, the project covered 1,300 fund accounts, representing over 20 percent of the total French market,” it states.
Collaboration between Temenos and BNP Paribas Securities Services is described as going back 20 years.