October 2010

Tuesday, October 5, 2010

Recently, Microsoft and Temenos prove scale of supports for large scale banking- if you are new to core banking software so -A class of system for banks and its branches for all their activities/operation including a system that process domestic and international payment is called core banking system - Temenos represent largest core banking product in the world –it’s a Temenos Group AG basically based in Switzerland founded in 1993 and Temenos is one of the biggest companies providing core banking best practice banking solution, they have various modules in core banking system-T24 runs on J2EE application server and also support Microsoft tools and technologies. Moreover, Temenos databases were supported by three different giant DB vendors.
Temenos has also been known as Globus and the Canadian Servus Credit Union, that manages nearly U.S. $ 10 billion in assets” is now Temenos customer.
“IBM DB2” and “jBase” and Oracle has been supported as database for banking industries using Temenos as a core banking system, but Microsoft is in financial services now, and join hands with Temenos and now Temenos the world largest banking software T24 available as a fourth option as database with SQL Server 2008 R2.

Microsoft has penetrated in banking sector and joined hands with the largest core banking software called Temenos, and tested its availability on SQL Server 2008 R2 so now you can run core banking software on SQL Server. Microsoft has tested theT24 environment with windows server with SQL Server 2008 R2 and done successfully this testing using 25 million accounts with 15 million customers over 2000 branches.
Microsoft team test results:
Task                     Average     SQL-T24
Funds transfers     500,000     697,920
Security trades     240,000     323,534

Technically-  Temenos stores information in SQL Server in XML format and user also can take advantage of SQL Server BI services once you are working with huge data store.
 In this entire game Microsoft Windows Server 2008 is going to play a vital role, Windows OS 2008 is the most advanced OS and most secure for such kind of activities.

Please leave comments if you have any idea or want to share some information about Temenos.
Note: Content here is for informational purpose only.