Banking Software Gets to The Cloud

Temenos takes T24 to the cloud

“Global banking software provider Temenos has launched Temenos T24 (T24) on the Microsoft Windows Azure platform, making it the first core banking system to go into production with customers on Azure.

The combination of T24 and the Windows Azure platform, including SQL Azure, allows banks to remove the high data centre costs associated with running a multi-application environment by moving these operations to a consumption-based pricing model. Banks will no longer need to expend time and budget on provisioning and operating hardware resources, as running T24 natively on the Windows Azure platform enables them to scale resources effectively and increase volume according to customer demand. This technological development builds on Temenos’ experience of core systems applications in hosted environments and will offer far reaching operational and financial gains to certain banking markets across the globe.”

More obvious that Could Computing is new era of computing, for serious apps
Detail story at
http://www.onwindows.com/Articles/Temenos-takes-T24-to-the-cloud/5726/Default.aspx

and here for Temenos ranking among other banking software
http://www.inntron.com/core_banking.html

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