Day 3, at the Microsoft's Worldwide Partner Conference in Los Angeles, Temenos, the global provider of banking software, launched a complementary go-to-market model using Microsoft technologies to address affordable access to finance in emerging markets.
"TEMENOS T24 (T24) on the Windows Azure platform and is marked by the successful implementation of this software offering in a network of six Mexican microfinance institutions (MFIs), which went live in May 2011," Microsoft stated This represents the first live instance of core operations being run on the Azure platform.
"T24 on the Azure platform enables financial institutions to move operations to a low-cost consumption-based pricing model. Banks no longer need to expend time and budget on provisioning and operating hardware resources -- running T24 natively on Azure enables them to scale resources effectively and increase volume according to customer demand," the software comnpany explained.
Temenos also is now offering its cloud computing-based solution in Africa, to be followed by South and Southeast Asia, as well as other markets.
Watch the video below from WPC 2011 to view Guy Dubois, CEO, Temenos discussing the company's recognition as Microsoft's Financial Services Partner of the Year. Dubois also discusses Temenos' launch of its cloud strategy for the global microfinance community with Azure.
In the second video below, Susan Hauser, vp of Worldwide Industry and Global Accounts at Microsoft, discusses Temenos' Azure cloud strategy for the global microfinance community.
[Source: Microsoft Press]