Ecobank’s Affiliate Success Traced to Efficient Software Deployment
- By Abimbola Tooki
- Published October 24th, 2011
- News
- Unrated
Part of the successes that have been recorded so far by Accion Microfinance Banks in Nigeria and Ghana have been traced to the deployment of effective and efficient deployment of T24 banking software. Accion is an affiliate of Ecobank Group which recently won awards for their contributions to the empowerment of low income entrepreneur through the provision of tailored and accessible microfinance services in both countries. While EB-Accion Savings and Loans, Ghana, won African Banker’s 2011 Microfinance Project of the Year Award for creating a platform for financial inclusion for the un-banked, under-banked and low income earners, Accion Microfinance Bank of Nigeria won the 2011 Best Microfinance Bank in the Lagos Enterprise Award.
Through strong partnerships, new banks, innovative technology and industry personnel development, Accion plans to reach tens of thousands more micro-entrepreneurs and other low-income people in Africa by 2014.
Mr. Yoro Ndiaye, managing director, EB-Accion Microfinance, a unique microfinance partnership between Accion International and Ecobank, a pan-African bank covering 29 countries across the continent, currently operates in Douala, Cameroon. The bank offers microfinance services – including loans as low as $410, savings and remittances products to merchants, manufacturers and other micro-entrepreneurs to help them develop their businesses and lift themselves out poverty.
According to Adelowo Adesola, Temenos has supported microfinance market for over 10 years. “We have a deep understanding of the specialised needs of this sector and offer a solution to meet your immediate requirements and strategic objectives,” Adesola said.
He disclosed that Temenos T24 provides a pre-configured model bank based on microfinance and community banking best practices, with all the business benefits that the world’s most popular banking package offers.
The T24 microfinance and community banking model, he noted, has been successfully deployed at 117 microfinance and community banking sites across 41 countries. These include large complex commercial banks that also provide microfinance produ
cts, small NGOs and financial cooperatives, MFIs with over one million customers and network organisations such as Opportunity International, Accion and MicroCred.
All of these institutions chose T24 because of its functional richness and flexible architecture and selected Temenos as a strategic partner because of our track record of success in this vibrant and diverse sector.
In-house or in the cloud, Adesola said T24 is available as either a packaged or an internet cloud based software-as-a-service (SaaS) business solution. It is the first core banking system to be available in the public cloud, running on the Microsoft Windows Azure platform. By providing T24 on a pay-per-use basis (per account per month), or a SaaS business model, financial barriers are removed and smaller FIs can enjoy the benefits of T24 core banking at a price that is affordable to smaller institutions. This new public cloud solution has the potential to transform the community banking landscape by empowering many thousands of institutions and millions of their customers.
Through strong partnerships, new banks, innovative technology and industry personnel development, Accion plans to reach tens of thousands more micro-entrepreneurs and other low-income people in Africa by 2014.
Mr. Yoro Ndiaye, managing director, EB-Accion Microfinance, a unique microfinance partnership between Accion International and Ecobank, a pan-African bank covering 29 countries across the continent, currently operates in Douala, Cameroon. The bank offers microfinance services – including loans as low as $410, savings and remittances products to merchants, manufacturers and other micro-entrepreneurs to help them develop their businesses and lift themselves out poverty.
According to Adelowo Adesola, Temenos has supported microfinance market for over 10 years. “We have a deep understanding of the specialised needs of this sector and offer a solution to meet your immediate requirements and strategic objectives,” Adesola said.
He disclosed that Temenos T24 provides a pre-configured model bank based on microfinance and community banking best practices, with all the business benefits that the world’s most popular banking package offers.
The T24 microfinance and community banking model, he noted, has been successfully deployed at 117 microfinance and community banking sites across 41 countries. These include large complex commercial banks that also provide microfinance produ
cts, small NGOs and financial cooperatives, MFIs with over one million customers and network organisations such as Opportunity International, Accion and MicroCred.
All of these institutions chose T24 because of its functional richness and flexible architecture and selected Temenos as a strategic partner because of our track record of success in this vibrant and diverse sector.
In-house or in the cloud, Adesola said T24 is available as either a packaged or an internet cloud based software-as-a-service (SaaS) business solution. It is the first core banking system to be available in the public cloud, running on the Microsoft Windows Azure platform. By providing T24 on a pay-per-use basis (per account per month), or a SaaS business model, financial barriers are removed and smaller FIs can enjoy the benefits of T24 core banking at a price that is affordable to smaller institutions. This new public cloud solution has the potential to transform the community banking landscape by empowering many thousands of institutions and millions of their customers.
