WALTHAM, MA -- (Marketwire) -- 02/13/12 -- MetraTech Corp., the leading provider of agreements-based billing (ABB?) and compensation solutions, today announced the selection of Metanga, its multi-tenant, cloud-based billing application, as the monetization and billing system for the Temenos T24 cloud-banking offering. The first of its kind, T24 is a public cloud banking platform operating on the Windows Azure platform in support of microfinance and community banking organizations. Temenos supports more than 1,500 customers and is a leading provider of banking software systems to retail, corporate, global, private, microfinance and community banks. The company selected Metanga because of the solution's ability to market-enable Windows Azure applications, allowing rapid monetization and adoption of T24 in new microfinance markets worldwide.
While movements like Occupy Wall Street (OWS) have challenged the inequalities of established financial models, microfinance enables low-income households to have permanent access to a range of high quality and affordable financial services to finance income-producing activities, build assets, and improve standards of living.
"Temenos' mission is to not only develop leading technology, but also to leverage that technology to do good. Our collaboration with Microsoft and MetraTech lets us cost-effectively deliver, by the cloud, our application to those focused on improving lives," said Murray Gardiner, director of community banking and cloud services.
"Billing management is a key function for software companies in the cloud," said Kim Akers, general manager for ISV partners at Microsoft Corp (NASDAQ: MSFT). "Having Metanga and Temenos both use Windows Azure while delivering a cost-effective tool to improve lives around the globe is validation of the power of cloud-based services to help people."
A business unit of MetraTech Corp., Metanga provides Microsoft's independent software vendor (ISV) customers with the shortest path to monetization of their cloud-based offerings. Metanga provides management of customer enrollment, product catalogs, pricing, promotions, invoicing, customer self-care and payment capture for financial and emerging business verticals.