MICROCAPITAL BRIEF: Opportunity International Hires Temenos to Customize its Insight Software to Document Social Impact

Opportunity International, a US-based nonprofit that focuses on microfinance in emerging markets, has recently agreed to license Insight, a business analytics product developed by Temenos, a software company based in Switzerland. The organization will hire Temenos to customize the software to produce reports that measure the social impact of lending on borrowers and their communities. Harry Turner, head of the Global Microfinance Operations Group at Opportunity International, reportedly commented, “This next phase with Temenos will provide clearer, more uniform measurement of the impact our financial investment in individual clients working their way out of poverty has on the quality of life for their families, communities and countries.” The specific criteria to be measured have not been released.

As of July 2012, Opportunity International reported having 5 million clients in 24 countries in Africa, Asia, South America and Eastern Europe and a gross loan portfolio of USD 515 million.

Temenos has 55 offices worldwide and works with approximately 1,500 financial institutions in 125 countries as of 2012. As of June 2012, Temenos reports total assets of USD 843 million and total revenues of USD 206 million.

By Nicole Boyd, Research Associate

About Temenos
Founded in 1993 and listed on the Swiss stock exchange Six, Temenos provides banking systems for retail banking, corporate and correspondent banking, universal banking, private wealth management, Islamic banking, and microfinance and community banking. Headquartered in Geneva, Temenos has 55 offices worldwide and works with approximately 1,500 financial institutions in 125 countries as of 2012. The company’s T24 for Microfinance and Community Banking (T24 MCB, formerly known as eMerge) software has been at deployed at 117 microfinance and community banking sites in 41 countries. Based on the firm’s T24 Software for traditional banking, T24 for MCB comprises: group lending, exception-based payments, contract-based and account-based lending, flat-rate lending methodology, investor funds tracking and credit union functionality. As of 2013, Opportunity International is working with Temenos to customize Temenos’s “insight” product in an effort to measure the social impact of financial services. As of June 2012, Temenos reports total assets of USD 843 million and total revenues of USD 206 million.

About Opportunity International
Based in the United States, Opportunity International is a nonprofit organization that was founded in 1971. Opportunity International provides small business loans, savings, insurance and training to approximately 5 million poor people in 24 countries in Africa, Asia, South America and Eastern Europe. As of July 2012, Opportunity International reported a gross loan portfolio of USD 515 million.

Sources and Additional Resources:

PRWeb. “Opportunity International Engages Temenos to Gauge Social Impact of Microfinance on Fighting Poverty,” http://www.prweb.com/releases/2013/3/prweb10503243.htm

MicroCapital. February 18, 2013, “MICROCAPITAL BRIEF: One Woman Initiative, Opportunity International Partner to Raise $50m for Microloans to Women,” https://www.microcapital.org/microcapital-brief-one-woman-initiative-opportunity-international-partner-to-raise-50m-for-microloans-to-women/

MicroCapital. January 25, 2012, “MICROCAPITAL BRIEF: K-Rep Bank of Kenya Spends $600k on Temenos IT System to Integrate Branch Data,” https://www.microcapital.org/microcapital-brief-k-rep-bank-of-kenya-spends-600k-on-temenos-it-system-to-integrate-branch-data/

MicroCapital Universe Profile: Temenos https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Temenos+Group+AG

MicroCapital Universe Profile: Opportunity International https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Opportunity+International

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