Temenos says project was completed in four months

Temenos says project was completed in four months

Baxter Credit Union (BCU) has become the first taker of Temenos’ Lifecycle Management Suite in the cloud.

The Illinois-based credit union is now live with the system delivered in the Microsoft Azure cloud. The functionality includes collection, service and loan origination.

The project, which was completed in four months, also incorporated an upgrade spanning four major releases, Temenos says.

“We have a strategic initiative in place to move all of our technology into the cloud,” says Jeff Johnson, CIO of BCU.

“Since BCU uses the Lifecycle Management Suite frequently as part of our day-to-day activities, we felt it was necessary to explore hosting our technology on Microsoft Azure. We are already well embedded with Azure, so they were a natural choice.”

Lifecycle Management Suite originates from a US-based lendtech company, Akcelerant, which was acquired by Temenos in early 2015.

AT BCU, the solution will be interfaced to the credit union’s long-standing core banking system, Episys, supplied by Symitar (a division of Jack Henry & Associates).

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