The Integration Framework enabled M-Shwari, Africa’s most successful mobile bank, to launch in 5 months.

How the Temenos Integration Framework creates value for banks

1. Move faster than ever before – 3x shorter implementations

As the banking industry races to reinvent itself in the “new normal”, few things are as precious and as elusive as a first- or early-mover advantage. All too often, banks lose this advantage because it takes too long to change IT systems to meet changing market conditions. Using the Temenos Integration Framework, implementation times have been reduced threefold, allowing banks to go to market much faster - improving time-to-money and returns-on-investment. M-Shwari, Africa’s most successful mobile banking service, is a striking example. Using the Integration Framework, Commercial Bank of Africa launched M-Shwari in barely 5 months. What is more, it onboarded 3 million customers in its first 5 months of activity!

2. Distinguish yourselves from competition In the face of more demanding customers and more intense competition, banks need to create innovative, disruptive financial products. And they need to do so faster than the competition with a better user experience. This can only happen when multiple information systems, whether in-house or third-party, work together in perfect harmony. This is where the Temenos Integration Framework comes in. It provides a cutting-edge integration capability centred around event-based and resource-light integration on a single hub. Using it, M-Shwari has made interest-earning accounts and 30-day loans available to 80% of Kenya’s adult population, without them ever having to walk into a bank or fill out paperwork!

3. Protect and boost your margins

As regulation and other pressures weigh on margins in the financial sector, both scale and cost-efficiency have become top priorities for banks across the globe. The Temenos Integration Framework offers virtually unlimited operational scalability thanks to centralized and asynchronous processing of events. It also guarantees strategic scalability by ensuring the easy integration, at no or very minimal cost, of new applications to address new market trends. The Integration Framework also significantly reduces integration costs by leveraging industry-standard formats and an intuitive drag-and-drop integration tool. As data change happens in near-real-time, banks using the Integration Framework can run with a smaller infrastructure while offering better service. Benefitting from all of the above, M-Shwari reached commercial viability in less than half of the time that was initially forecast!