SOFGEN completes T24 upgrade at Jamaica Money Market Brokers Ltd

Temenos core banking system upgrade from T24 R05 to T24 R14

Geneva, 13 October 2015: SOFGEN Holdings Limited (SOFGEN), a global provider of IT solutions in and around core banking, has announced the successful upgrade of the Temenos T24 platform at Jamaica Money Market Brokers Ltd (JMMB) in Jamaica. The core banking system was upgraded from release R05 to R14. The upgrade was successfully completed in 9 months with an offshore and onsite team.

“The challenge was to provide high quality T24 expertise onsite and use highly skilled development resources from our Chennai-based offshore team. This task was accomplished by excellent planning and use of SOFGEN’s upgrade methodology,” said Ashok Sharma, Director of SOFGEN Americas. “An excellent team effort amongst JMMB, Temenos and SOFGEN achieved the desired results. The upgrade was completed on time and was a complete success.”

Sheldon Powe, Group CIO at JMMB, commented: “We selected SOFGEN for our upgrade project because of their T24 expertise and track record of successful implementations. They provided a very professional project approach and the team understood the Jamaican requirements. SOFGEN had committed employees that integrated well with our project team.”

About Jamaica Money Market Brokers

The JMMB Group has established itself as one of the leading brokerage houses in the Caribbean, now offering a wide range of investment solutions, banking and insurance services in Jamaica, Trinidad & Tobago and the Dominican Republic. Known for its pioneering spirit, the Company has consistently introduced new products and services to its extensive client base of over 200’000 individual, corporate and institutional clients. Today, JMMB is Jamaica’s third largest financial institution. JMMB is listed on the Jamaica, Barbados and Trinidad & Tobago Stock Exchanges.

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