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

Search News

comments powered by Disqus

MORE SOFTWARE NEWS

Networks Unlimited event highlights SimpliVity's new Omnistack Software

Neil Simonsen Leading data protection focused distributor invites hyperconverged vendor to discuss disaster recovery and data protection. Read More

Arbor Networks APS earns recommended rating and highest score for Overall Security Effectiveness

The Arbor Networks APS 2800 on-premise distributed denial-of-service (DDoS) protection solution earned a “Recommended” rating and the highest Overall Security Effectiveness score in the first ever NSS Labs’ DDoS Prevention Test Report.   Read More

Arbor Networks APS earns recommended rating and highest score in new NSS Labs DDoS Test Report

Arbor Networks Inc., the security division of NETSCOUT, has announced that the Arbor Networks APS 2800 on-premise distributed denial-of-service (DDoS) protection solution earned a “Recommended” rating and the highest Overall Security Effectiveness score in the first ever NSS Labs’ DDoS Prevention Test Report.  Read More

ProLabs announces range of multicode products compatible with key OEMs

ProLabs, the leading global provider of network infrastructure and connectivity products, has announced the launch of a new range of multicode compatible optical transceivers. Read More

Agron boosts salesforce with mobile CRM from Sage Enterprise

Agron, one of the leading providers of fertiliser to South Africa’s agricultural sector, has implemented the Sage CRM solution from Sage Enterprise. Read More

Ecowize boosts business efficiency by migrating to Sage 300

Ecowize, one of South Africa’s leading hygiene and sanitation service providers, has improved productivity and efficiency by implementing the Sage 300 business management system. Read More

Meatco deploys Sage X3

Meat Corporation of Namibia (Meatco) has implemented the Sage X3 business management solution as part of its strategy to streamline its business by consolidating, automating and integrating its systems and processes.  Read More

B.Braun takes charge of production planning with Sage 300 Manufacturing

B.Braun Medical Products South Africa, a leading manufacturer of medical products, has implemented Sage 300 Manufacturing and Production Planning modules in an effort to streamline and automate its business processes. Read More

Arbor Networks maintains leadership in IHS Infonetics Report on DDoS prevention appliances

Arbor Networks was identified once again as the top supplier of DDoS mitigation appliances overall, as well as in the Carrier, Enterprise and Mobile market segments, according to a new report from Infonetics Research.  Read More

B.Braun takes charge of production planning with Sage 300 Manufacturing

B.Braun Medical Products South Africa, a leading manufacturer of medical products, has implemented Sage 300 Manufacturing and Production Planning modules in an effort to streamline and automate its business processes.  Read More

PRESS OFFICES

Sage EnterpriseSAP AfricaTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4AfrikaNetworks UnlimitedArbor Networks
Advertisement

FEATURED STORY

Criticism over Remita borne out of ignorance, says SystemSpecsCriticism over Remita borne out of ignorance, says SystemSpecs

The CEO of SystemSpecs, the company behind the revenue-saving Nigerian Single Treasury Account (TSA) system, speaks to Biztechafrica.

IN DEPTH

IBM Opens First Cloud Data Centre in South AfricaIBM Opens First Cloud Data Centre in South Africa

IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.  

COMPANY NEWS

RSA research reveals blind spots in threat detection

RSA, The Security Division of EMC, has released the results of a new Threat Detection Effectiveness Survey.

Networks Unlimited event highlights SimpliVity's new Omnistack Software

Leading data protection focused distributor invites hyperconverged vendor to discuss disaster recovery and data protection.