Temenos, the global provider of banking software, announced the availability of TEMENOS T24 (T24) on the Windows Azure Platform. This announcement makes T24 the first core banking system to go into production with customers on Windows Azure and SQL Azure.
The combination of T24 and the Azure Platform, including SQL Azure, allows banks to move operations to a consumption based pricing model and enables them to scale resources effectively and increase volume according to customer demand.
As part of this launch, Temenos has embarked on its first cloud migration to move a network of 12 Mexican financial institutions from a traditional hosted environment onto the Windows Azure Platform. Five of these - Sofol Tepeyac, Grupo Agrifin, Findeca, Soficam and C.Capital Global - are in the first phase of migration, which is currently underway and is expected to be completed by Q2 2011.
Here's the full press release:
[tags]temenos t24,banking software,cloud services[/tags]