David Arnott, CEO of Temenos, said: "We are delighted to have been chosen by Banesco to replace its core banking system. The extended suite of products we are providing will further equip Banesco with the necessary IT infrastructure to realise its multi-branch/multi-country development strategy. Our greater-than-ten-years' experience of operations in Latin America affords us the expertise to assist Banesco in driving its growth and profitability in this dynamic and fast-growing market." Juan Carlos Escotet Rodríguez, Chairman of the Board of Directors of Banesco, said: "After an extensive selection process, Banesco chose Temenos due to its best-of-breed product offering, regional support and the ability to align banking processes across multiple countries. We are dedicated to meeting the needs of our customers and satisfying them through relationships based on mutual trust, ease of access and excellence in service quality.