Swiss firm SOFGEN eyes Kenyan market
SOFTWARE| Aug. 21, 2012, 8:32 a.m.
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.
MORE SOFTWARE NEWS
Mark Bannerman named Country Manager for Red Hat in Sub-Saharan AfricaRed Hat, the world’s leading provider of open source solutions, today announced the appointment of Mark Bannerman to country manager for Red Hat in sub-Saharan Africa. Read More
VMware unveils next wave of innovation for applications and desktop virtualization in Horizon 6VMware, the global leader in virtualization and cloud infrastructure, has announced a new release of VMware Horizon 6. Read More
Westcon only Symantec distributor in SADCWestcon has announced that long-time vendor partner Symantec has extended the value-added distributor’s footprint in the SADC region. Read More
Sage One Accounting, MTN Business to storm African cloud marketThe Sage One Accounting cloud accounting software is now available in a number of major markets throughout sub Saharan Africa, following a partnership between Sage Pastel Accounting and MTN Business. Read More
Introducing VMware vSphere 6 – The foundation for the hybrid cloudVMware has announced VMware vSphere 6, the newest edition of the industry-defining virtualisation solution for the hybrid cloud and foundation for the software-defined data centre. Read More
4 Signs that it is time to replace your ERP systemIt is a good idea to do a frequent gap analysis to see whether your ERP system still meets your needs. Read More
Sage ERP X3 helps Brent Oil keep pace with volatile industryBrent Oil, South Africa's largest and fastest-growing non-refining fuel wholesaler, has implemented the Sage ERP X3 enterprise application suite to tighten financial controls, improve efficiencies, and streamline its business processes. Read More
Barnstone launches ‘try before you buy’ SAP Hana optionBarnstone has launched a “try before you buy” offering to give companies a risk-free opportunity to try out SAP Hana technology without any significant investment. Read More
Focus Softnet appoints Future Kenya as strategic partnerFocus Softnet, a leading global ERP and software solutions development company, has signed Future Kenya as its new partner in Kenya. Read More
FEATURED STORYe-commerce space untapped, says phonekings head
E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.
BEST READ NEWS
IN DEPTHVillagers get solar training at Barefoot College
The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.