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

VMware reports second quarter 2014 results

VMware, the global leader in virtualization and cloud infrastructure, today announced financial results for the second quarter of 2014. Read More

New Sage ERP X3 version puts business information at your fingertips

Sage ERP Africa has announced the availability of Sage ERP X3 version 7, the latest version of its global business management solution for midsized companies.  Read More

Lagos: Oracle partnership addresses skills shortage

The Lagos State government said it partnered with technology giant Oracle Corporation to address a dearth of ICT skills. Read More

Marval Africa appoints CEO to bolster growth

Marval South Africa, a specialist provider of Service Management (SM) solutions, education and consultancy, has announced the appointment of David Anderson as Chief Executive Officer.  Read More

Is VUCA the answer to a rapidly changing global market?

The VUCA concept is very helpful in closing the gaps between business and IT, says SAP Africa. Read More

SA Mint enhances SAP with Decision Inc.

Nick Bell Decision Inc., a SAP BusinessObjects partner, has assisted the SA Mint Company in developing a data warehouse with analytics and reporting capabilities that integrates with its existing SAP environment. Read More

SAP Fiori apps rapid-deployment solutions quickly enable world-class user experience

SAP Africa has announced four new user experience (UX) rapid-deployment solutions that enable businesses to adopt the latest user UX innovations from SAP, including SAP® Fiori® and SAP Screen Personas software.  Read More

Huge opportunities for African software developers

Enterprises across the continent are in desperate need of good software developers, says Petr Havlik, Managing Director of SA-based CyberPro Consulting. Read More

VMware expands validated vertical solutions across multiple industries

Education, financial services, healthcare, government and manufacturing sectors will benefit from specialised offerings of VMware Horizon to address their needs. Read More

Ctrack shifts its manufacturing system to Sage ERP X3

Ctrack, a specialist provider of fleet management and vehicle tracking solutions to a global client base, has implemented the Sage ERP X3 business software to support the production process at its Durban factory. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionSage HR AfricaMTN BusinessSchneider ElectricMultichoice

FEATURED STORY

Widening ICT skills gap: Cause for concernWidening ICT skills gap: Cause for concern

Nigeria's FDI gains could be eroded by the widening gap in indigenous skilled ICT manpower, writes Kokumo Goodie.

IN DEPTH

Kenya rolls out e-extension to improve agricultureKenya rolls out e-extension to improve agriculture

In a bid to curb the overwhelmed number of agricultural extension officers in Kenya, the ministry of agriculture is embracing technology with their introduction of E-Extension services, which are aimed at reaching out to over 7 million farmers annually.

COMPANY NEWS

Schneider Electric introduces Smart-UPS fifth generation range to Southern Africa

Schneider Electric has announced that two next-generation models of its Smart-UPS uninterruptible power supply (UPS) units are now available locally.