In order to expand the former's activities in India, Sri Lanka, Nepal, and Bhutan, the global banking platform Temenos and the digital transformation company Bahwan CyberTek (BCT) announced they had inked an exclusive deal for seven years.

Under the agreement, BCT will market, implement, and support Temenos’ products and solutions in these countries, and also help Temenos expand its market coverage and deepen local expertise.

“We are pleased to forge this partnership with Temenos as it increases our visibility and reach in the banking industry. Financial institutions are facing intense pressures 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 S Durgaprasad, cofounder, director & group CEO of BCT.

This agreement provides Temenos with enhanced visibility on profitability and cash flow and will help it accelerate business growth and sharpen customer focus in these four countries.

“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 Erich Gerber, president and chief revenue officer of Temenos.