Temenos, the Geneva-based core banking software maker, is buying TriNovus LLC, a Birmingham, Ala.-based developer of Software as a Service for community banks.

The deal would enable Temenos to enlarge its footprint in the U.S. banking market and provide it with complementary products and local knowledge. Temonos plans to launch a software-as-a-service offering for the U.S. market based on its T24 core banking platform, its Insight solution for business analytics and its Profile and Screen Anti-Money Laundering applications. TriNovus provides compliance, mobile banking, mortgage foreclosure and core processing software to roughly 800 U.S. institutions.

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