The Temenos T24 application becomes 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 is a very exciting announcement from both Temenos and Microsoft as twelve financial institutions are on board to be part of this launch with five already in the first phase of migration.
For more information please check out the Temenos Press Release: Temenos takes banks into the cloud with the launch of T24 on Windows Azure