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
VMware announces general availability of new solutions for building, managing and protecting softwarVMware has announced the general availability of VMware NSX 6.1, VMware vCenter Site Recovery Manager 5.8, VMware vCloud Suite 5.8, VMware vRealize Operations Insight, VMware vRealize Suite 6, and VMware vSphere Data Protection Advanced 5.8. Read More
VMware delivers ultimate Windows on Mac experience with VMware Fusion 7 and VMware Fusion 7 ProVMware has announced the release of VMware Fusion 7 that is optimised for the latest Mac hardware and software to deliver the ultimate Windows on Mac experience. Read More
Nucleus Software eyes African banking industryIndian banking and financial services software powerhouse, Nucleus Software Exports, has rolled out a new credit and loan system to help banks in Africa improve lending capabilities and procedures. Read More
New Sage ERP X3 version helps Nigerian enterprises power their growth into the futureSage ERP Africa has announced that Sage ERP X3 version 7 is now available in Nigeria. Read More
Micros SA supports an industry that never sleeps with Sage CRMMicros South Africa, a specialist provider of point of sale and reservation systems to the hospitality industry, is depending on the Sage CRM business solution from Sage ERP Africa to manage customer service for nearly 3,500 clients. Read More
Choosing the right Microsoft Office product to suit your needsMicrosoft Office is the most widely used productivity software packages in the world, and is available in several different versions for different users. For consumers, however, these different suites can cause confusion. Read More
Gartner: Beware of the Data Lake fallacyThe growing hype surrounding data lakes is causing substantial confusion in the information management space, says Gartner. Read More
VMware reports second quarter 2014 resultsVMware, 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 fingertipsSage 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 shortageThe Lagos State government said it partnered with technology giant Oracle Corporation to address a dearth of ICT skills. Read More
FEATURED STORYMFarmer SMS redefines market access for Ugandan farmers
Ugandan smallholder farmers are benefitting from an ambitious innovative ICT mobile phone initiative that offers weather reports and up-to-date market information about changes in prices for agricultural commodities, thus granting them lucrative returns from their farming ventures.
BEST READ NEWS
IN DEPTHNIG President speaks his mind
Bayo Banjo, CEO, Disc Communications and President, Nigeria Internet Group (NIG) says the proposed licensing of infrastructure companies by the Nigeria Communications Commission (NCC) will breed corruption and entrench monopolistic practices. Kokumo Goodie reports.
COMPANY NEWSVMware announces general availability of new solutions for building, managing and protecting softwar
VMware has announced the general availability of VMware NSX 6.1, VMware vCenter Site Recovery Manager 5.8, VMware vCloud Suite 5.8, VMware vRealize Operations Insight, VMware vRealize Suite ...