Microfinance & Community Banking
Overview
With experience of more than 10 years working in microfinance and mass-market retail-banking globally, Temenos is uniquely placed to anticipate the needs of the sector and offer solutions based on industry best practice. We have created an extension of our T24 banking software specifically for the microfinance and community banking sector - T24 for Microfinance and Community Banking. To date, Temenos has implemented T24 for Microfinance and Community Banking for more than 60 clients – many with multiple sites – in 50 countries.
Products for the Microfinance & Community Banking sector
T24 for Microfinance and Community Banking (formerly known as "eMerge")
T24 for Microfinance and Community Banking has been developed for microfinance and community banking institutions requiring a mature, flexible and affordable core banking system that is easy to install. The product supports the specific operational and processing requirements of organisations in emerging markets engaged in retail, community and microfinance banking – for example, smaller retail and mutual banks, large commercial MFIs, global networks of financial intermediaries, commercial banks that want to enter the microfinance space and credit unions.
T24 for Microfinance and Community Banking is a set of programmes added to T24 to expand its functionality in microfinance and SME lending. T24 for Microfinance and Community Banking is a robust and scalable solution which allows customers to start small, yet ready to grow exponentially as the business expands.
Based on T24 Software, T24 for Microfinance and Community Banking functionality comprises:
- group lending
- exception based payments
- contract based and account based lending
- flat lending methodology
- a rich CIF for individuals, groups, non-individual entities
- product criteria validation against CIF to control loan targeting
- management and portfolio reporting based on CGAP recommendations
- investor funds tracking
- full credit union functionality
Read the T24 for Microfinance and Community Banking Overview
Read more about T24