Temenos unveiled its latest IT solution for banks: Temenos Integrated Framework, designed to help banks better integrate new technologies into their existing systems.
The company announced the platform’s general availability this week, and have been highlighting its recent deployment by the Commercial Bank of Africa (CAB). CAB has been using it to build out its M-Shwari mobile phone-based virtual banking platform over the past few months. Since the platform’s launch in November 2012 in Kenya, M-Shwari has:
- Attracted more than 30,000 new customers a day on average in the first 100 days
- Gained more than 1 billion Kenyan shillings in deposits in one month.
- Attracted 1 million customers after 41 days
- Onboarded more than three million customers by April 2013
M-Shwari was developed in partnership with Safaricom, an integrated African communications company, and Vodafone. Read more about the program, which aims to bring savings and loans programs to Kenyan adults, here.
Headquartered in Geneva, Switzerland, Temenos is a leading provider of integrated core banking systems, with more than 1,500 customer deployments around the world. The company presented its edgeConnect UXP with Live Designer technology earlier this year at FinovateEurope. See Temenos’s demo here.