GENEVA, Switzerland – Might 7, 2020 – Temenos (SIX: TEMN), the banking software program firm, immediately introduced that Enda Tamweel (Enda) has gone reside with cloud-native, cloud-agnostic Temenos Transact, the following era core banking product. Delivering probably the most full, richest performance and superior cloud know-how, Temenos Transact offers Enda with agility, lowered complete price of possession (TCO) and the scalability to meet its goal of contributing to the monetary inclusion of tens of millions of Tunisian entrepreneurs.
Enda is a number one microfinance establishment in Tunisia, with 96 branches, 5 cellular branches and over 1,800 employees. Enda has grown significantly over the past 30 years, supporting near 900,000 clients over this timeframe. Its mission is to contribute to the nation’s financial growth via selling entrepreneurship and providing diversified companies and contours of credit score. Enda is Temenos’ ninth buyer in Tunisia, demonstrating Temenos’ experience and information of the Tunisian market.
Over time, Enda’s former open supply info system has turn out to be unable to reply to the evolving wants of the establishment. This has come because of constantly rising portfolio and transactions numbers, which have risen much more steeply within the final 5 years. As a consequence, Enda’s legacy system was unable to deal with the emergent intricacies of microfinancing or help the digital transformation just lately undertaken by the enterprise.
Enda chosen Temenos Transact to supply the agility to service extra clients at a decrease price, and to shortly launch new services. With Temenos’ pre-configured micro-finance capabilities, Enda is now additionally in a position to course of massive volumes of transactions effectively and supply a greater buyer expertise.
Mohamed Zmander, CEO, Enda Tamweel, commented:
“We’re delighted with our new digital core banking system. On the day the platform went reside we have been in a position to join greater than 1,400 customers and make 1,900 transactions, which actually reinforces how efficient the transformation has been from day one. For us, velocity of response to clients is important. It could imply the distinction between somebody being accepted for a mortgage and having the ability to begin a small enterprise, and limiting the numbers of individuals we might help. Due to Temenos Transact, we’ve been in a position to make a larger impression in serving to folks to develop and maintain their companies and consequently, enhance their dwelling situations and people of their households.”
Laurent Bramy, Regional Director – French-Talking Territories, Temenos, stated:
“We’re thrilled that the deployment of Temenos Transact for Enda has been so successful from day one. Our business main, cloud-native, cloud-agnostic know-how offers Enda the ability to speed up processing and develop its attain to service extra clients. Amid these unprecedented occasions, digital banking performs a extra important than ever earlier than by supporting monetary establishments and their clients to stay resilient now, and sustainably develop sooner or later. The work Enda is doing now modifications lives and contributes to the broader Tunisian economic system. We’re delighted that now they may be capable of attain and help extra entrepreneurs with a good higher expertise.”
