Swiss firm SOFGEN eyes Kenyan market

SOFTWARE

|
Image: By BiztechAfrica
Swiss firm SOFGEN eyes Kenyan market

By Semaj Itosno, Nairobi, Kenya

A Swiss software firm, SOFGEN, has unveiled a cloud computing solution in Kenya as it eyes the country’s financial sector.

Dubbed Temenos T24, the Cloud Platform developed by US firm Microsoft Corporation, targets banks, microfinance institutions (MFIs), deposit taking microfinance institutions (DTM), and Saccos.

Cloud computing implies delivery and storage of data where information and the software used to access it is remotely hosted on external or internal servers.

The firm has already provided solutions for Commercial Bank of Africa, Kenya Commercial Bank, Kenya Women Finance Trust and K-Rep Bank.

According to Tunde Oladele, SOFGEN Africa Ltd chief executive  most DTMs and MFIs cannot afford high-end core banking systems which exposes them to a lot of risk and fraud thus cloud computing will help them share the platform.

Institutions that will subscribe to the Temenos core banking system will pay based on the number of transactions carried out through the platform. 



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE SOFTWARE NEWS

Keys to building an Open Source technology practice in MEA

Building an open source practice requires a different business model, skill set and sales approach, says Red Hat. Read More

Barclays launches Digital Academy initiative

Barclays Africa Group, in partnership with The Digital Academy, has launched the Barclays unit of The Digital Academy in South Africa. Read More

Microsoft unveils windows 10 in Kenya

The much-awaited Windows 10 operating system by giant technology firm Microsoft was officially unveiled in Nairobi on Wednesday. Read More

Microsoft reveals Windows 10 launch plans

Microsoft has shared details for the rollout of Windows 10, starting on July 29, which includes a new Upgrade Your World initiative to celebrate people and organizations making a difference around the world. Read More

Signal Alliance, Microsoft take cloud solutions to MAN

Signal Alliance in conjunction with Microsoft recently organized a forum with Manufacturers Association of Nigeria (MAN) to showcase solutions that will drive productivity, meet operating objectives and enhance business continuity in manufacturing companies. Read More

Infoblox introduces free tool for getting started with IPv6

Infoblox Inc., the network control company, today introduced Infoblox 6Map, a free interactive tool to help network administrators and network architects get started with planning the transition from IPv4 to IPv6. Read More

Chams unveils ConfirmMe for ease of identity verification

Jameelah Ayedun, Credit Registry Services; Olufemi Williams and Luqman Balogun, Chams Plc Chams Plc, Nigeria’s leading identity management firm, has unveiled identity verification software called ConfirmMe to the Nigerian public at the company’s headquarters in Lagos. Read More

SystemSpecs begins Remita Corporate Champions Cup

Nigeria’s leading information communication technology (ICT) power house, SystemSpecs, has flagged off this year’s edition of its sporting event, Remita Corporate Champions Cup. Read More

Sage ERP Africa partners with Datalinx to offer embedded warehouse management solution

Sage ERP Africa has signed a distribution agreement with Datalinx, offering customers in Africa and the Middle East access to a range of integrated warehousing solutions. Read More

ICT skills in Kenya to grow as ICT Authority and Microsoft sign MOU

Kenya’s ICT Authority and Microsoft have signed a Memorandum of Understanding (MOU), which will, among other things, see Microsoft offer support in providing a platform that will enable ICT skills training for up to 300 000 teachers.  Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

Kenyan SACCOS riding on innovation to attract customersKenyan SACCOS riding on innovation to attract customers

As confidence in mainstream banks remains low due to prohibitive interest rates, customers are embracing Savings and Credit Cooperatives (SACCO) as an alternative.

IN DEPTH

As curtain falls on MDGs, what next?As curtain falls on MDGs, what next?

Dr. Bjorn Lomborg, president of the Copenhagen Consensus Centre, speaks to Biztechafrica about setting smart targets.

COMPANY NEWS

MTN Business augments its management team further with key strategic appointment

MTN Business SA has appointed an industry veteran, Mariana Kruger, as General Manager of Private Sector.