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Micro-Finance

Solution Overview

A fully cloud ready Micro Banking world class solution helping MFI’s achieve digital banking excellence, real-time multi-channel banking and financial inclusion in emerging markets.

An integrated Micro Banking solution to support growing your banking platform fast, frequently adapting functionality, and supporting dispersed business entities

Technology is strategy

  • Is your Microfinance aiming to achieve digital Micro Banking excellence, real-time multi-channel banking, and real-time reporting and business analytics?
  • Is your Microfinance aiming to exploit innovative third-party user-interfaces and apps, big data, and cloud-based resources?
  • Are you worried about the costs of growing your Micro Banking platform fast, frequently adapting functionality, and supporting dispersed business entities?
  • Are you concerned by the threat of disruptive competition, disintermediation and commoditization posed by fintech entrants and large tech-native players?

CORE BANKING

A feature rich back-end data processing application. An intuitive, rich user experience, secure online banking experience.

INTERNET BANKING

An intuitive, rich user experience, secure online banking experience.

MOBILE BANKING

Enables banks to offer their customer’s innovative smart device banking services.

AGENCY BANKING

Extend the horizon for banks and help them to taps opportunities in un banked areas.

General features

  • The system is online centralized, distributed and networked-with both (LAN and Wan) capabilities / client-server based networked system.
  • The system has adequate data entry security controls- validation, check digit, etc.
  • The system has an extensive use of parameters and tables to ensure that the system is flexible to enable the Microfinance accommodate changes in the market so as to take advantages in the opportunities by introducing new loan services and products.
  • The system is user friendly, Menu driven, user definable, extensive parameter driven and field level help features.
  • The System has a Front Office Savings Account (FOSA) and a Back Office Savings Account (BOSA) Modules.
  • The system has multi-currency abilities.
  • The system has multi-currency abilities.
  • It has both real-time and online batch capabilities.
  • The system has the ability that data input once is accessible globally (within the system and with Access rights levels.

Electronic Funds Transfer (EFT)

  • EFT Bank Transfer List.
  • Salary EFT Transfers.
  • EFT transfers.
  • ATM EFT transactions viewing and posting.

01 Withdrawals
02 Receipts
03 Expense Transactions
04 Salary Processing
05 Contributions capturing
06 FOSA Journals
07 Savings Loans recoveries
08 Loan Clearance Approvals /Authorization Section.
09 Deposit Authorizations.
10 Withdrawal Authorizations.
11 Overdraft authorizations

Why MicroBankingLife

Win more customers, stay ahead

Why MicroBankingLife

Gain access to sophisticated applications.
You don’t need to purchase, install, update, or maintain any hardware, middleware, or software. Cloud makes it affordable for organizations that lack the resources to buy, deploy, and manage the required infrastructure and software themselves.

Pay only for what you use.
You also save money because the Cloud service automatically scales up and down according to the level of usage.

Use free client software.
Users can run most SaaS apps directly from their web browser without needing to download and install any software, although some apps require plugins. This means that you don’t need to purchase and install special software for your users.

Mobilize your workforce easily.
Cloud makes it easy to “mobilize” your workforce because users can access Cloud apps and data from any Internet-connected computer or mobile device. You don’t need to worry about developing apps to run on different types of computers and devices because the service provider has already done so. In addition, you don’t need to bring special expertise onboard to manage the security issues inherent in mobile computing. We will ensure the security of your data, regardless of the type of device consuming it.

Personalization

An intuitive and simple online experience that enables user-friendly access to a broad range of offerings.

Consolidation

Providing convenience and simplification through the consolidation of user-focused and relevant options.

Information Architecture

A task oriented Information Architecture that guides and empowers the user through  activities which are important to them.

GENERAL CAPABILITIES

  • Membership application (Include member photo and signature for verification).
  • Monthly contributions, cumulative contribution.
  • Date of membership application.
  • Mode of contributions e.g. check off, direct lodgments etc.
  • Member name, next of kin, date of birth, station, ID number, address, permanent address, etc.
  • Mode of contributions e.g. check off, direct lodgments etc.
  • Nominee(s) name, ID number, telephone, address and allocated percentage.
  • Variation of member’s monthly contribution (Both instant and postdated requests)

  • Search capabilities by either member number, member name or payroll number.
  • Members Banking details.
  • Automated issuing of member number.
  • Dividend computation and payment.
  • Membership status- active/non-active.
  • Joining / withdrawal dates.
  • Ability to categorize membership into groups and apply policies.

Service Oriented Architecture

Industry Best Standards
It’s a 4-tier based architecture and adheres to data layer / business logic layer / user interface layer / Protocol Layer.

Security
The banking system database do not directly connection to the internet, the actual connection is via the Windows Service or WCF Windows Communication Foundation /.NET Remoting).

Workable Logic
This log is easy to manage (The database administrator will be fully informed of all queries / procedures / functions taking place). This enhances working protocols between both parties.

Easy tracking of all data processes taking place at all stages.

Customizations are easy to achieve.

Manageable system
All this process take place at the server, and support is concentrated here. Clients machine just subscribe to the server under strict access rules / internal bank policies

Personalization
An intuitive and simple online experience that enables user-friendly access to a broad range of offerings.

Consolidation
Providing convenience and simplification through the consolidation of user-focused and relevant options.

Information Architecture
A task oriented Information Architecture that guides and empowers the user through activities which are important to them.

FOSA Overview

This is the module that is the most active on the system. It provides easy to use interface with all information available thus ensuring that SACCO clients/members are served efficiently.

Accounts Views (The system avails information on all accounts and presents all the relevant reports on each account.

The system allows Renewals of Fixed deposits and viewing of existing Fixed deposit accounts.

The system facilitates recording of ATM card applications and ATM Card collections.

The system provides the user with an interface to record ATM card replacements and also keeps a track of ATM Replacement collections.

Standing Orders

  • Keeps a record of standing order register.
  • Stopping of standing orders.
  • Standing orders recording and approval.

Account Opening Automation

a) Account opening applications.
b) Recording of account opening transactions.
c) Definition of account opening rules.
d) Authorization/Approval of Account opening deposits.
e) Definition of account types and limits applicable.

CHEQUE MANAGEMENT

  • Cheque deposit recording.
  • Recording of Bankers Cheque request.
  • Authorization of Cheque deposits .
  • Processes normal Cheque and Group Cheque banking.
  • Provides an interface for recording Cheque clearance.
  • Provides an interface for recording bankers Cheque clearance.

Key Benefits

It’s a secure high performance system that works worldwide.

The broadest range of mobile transactions, from simple banking inquiries to a complete set of mobile alerting and payment models, satisfying the needs of every customer segment.

Simultaneous support of all three mobile access modes – SMS, mobile browser and downloadable application through a single integrated platform.

A broad range of integration and pre-integration options to reduce the implementation workload on your organization.

The most comprehensive enrollment and customer care tools and reporting across both the online and mobile channels.

Enterprise-grade channel management capabilities, including service analytics, security management, diagnostic resources and tools that facilitate full integration into the financial institution’s core infrastructure assets

  • Fully integrated mobile deposit.
  • Scalability to capitalize on new mobile channels, evolving technology and diverse customer segments.
  • Mobile access to your enterprise content management to electronically review and approve documents.

Mobile Payments

Achieving universal reach and driving the highest levels of mobile banking, alerting and payment adoption and usage, leading to the highest strategic yield.

Delivering the most complete mobile payments offering to your customers, including p2p payments, bill payments and payments at the point-of-sale.

Opening up new market segments, including satisfying the needs of technologically savvy consumers.

Saving money by serving consumers through the mobile channel, which costs less than traditional channels such as the branch and contact center.

Reducing your complexity by pre-integrating our product into existing industry products and services.

Providing the lowest possible implementation and operational risks through rigorous governance, security management and compliance measures.


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