Upload
otieno-edwine
View
105
Download
0
Tags:
Embed Size (px)
Citation preview
COOPSWITCH BANKING SOLUTION
HAZINA SACCO LTD.By
Wilson Asena
AREAS OF FOCUSDescription of Co-Opswitch
Benefits
The challenges
Role of Sacco
Cost implications
THE ATM BANKING THE ATM BANKING CHANNELCHANNEL
RELIABLE WIDE RANGE SERVICES POINT
THE CO-OPSWITCH
What is the Co-opswitch?
COOPSWITCH
Auth. Request
Auth. Response
Auth. Request
Auth. Response
SACCOCard holder @
Co-opbank ATM’s andOther Banks ATM’s
BENEFITS
BENEFIT : SACCOS
Increase membership
Enable Saccos to remain competitive
Earn fee based income
Decongest banking halls
Increase service touch points
Save on capital expenditure
Bank the unbanked
BENEFITS : SACCOS
New generation banking products e.g
Co-branded cards.
Prepaid cards.
Marketing and promotions by the bank.
BENEFITS: MEMBERS
Convenient 24x7 banking services
Purchase goods and services at visa merchants
Nakumatt , Uchumi,Tuskys
Petrol stations
Multiplication of banking service points.
ATM FOOTPRINT
ATM SERVICES
Utility PaymentsBalance Enquiry
Mini StatementsCash Withdrawal
ATM FOOTPRINT
Saccos shall use atms on
Co-Opbank Network
Other Banks (KCB, BBK, Stanchart)
Independent ATM Providers (PESAPOINT, Kenswitch)
SACCO ATM CARD-DESIGN
THE CARD DESIGN AND USAGE
CARD PRODUCTION
CARD PRODUCTION
PRICING
SETTLEMENT PROCEDURES
Sacco will be expected to settle on daily basis
Sacco will be required to maintain a settlement account
The bank will recover settlement amounts from the settlement account
CHALLENGES
What are the
Challenges/Expectations ?
CHALLENGES
Saccos are not integrated with our back end
Saccos are not centralised
Saccos have numerous and different computer systems
Some saccos are not computerised
CHALLENGES CONT
SWITCH
ATM
ATMATM Co-op Kwa Jirani
POS
Co-op BankBANKMASTER
SACCOHQ
OTHER BRANCH
IMPLEMENTATION
STRATEGY
ATM
ATM
ATM ATM
TRANSMASTER SACCOHQ
POS
COMMS1) COMMS1) COMMS
2) BRIDGE
3) UPGRADE ORNEW SOFTWARE
ROLE OF SACCO
Customization and installation of software
Interfacing sacco backend to co-opswitch
Interfacing sacco backend to co-opswitch
ROLE OF SACCO – continued…
Centralization of distributed branches
Ordering cards
Recruitment
CONNECTION PLAN
SHORTRUN
Connect head office for saccos with branches
LONG RUN
Connect branches
Centralise
COST IMPLICATIONS
COST IMPLICATIONS
PREPARITION OF BACKEND
THIS COVERS
New software
Upgrades
Computerization
ALL COSTS ARE BORN BY THE SACCO
COST IMPLICATIONS
Connects Sacco software to switch
Sacco to use a bridge by a vendor that is acceptable to the bank(cost should include upgrades Mobilebanking/pos)
Price of bridge negotiated with vendor
COST ESTIMATES NAIROBI
Bridge 300,000
Telcoms or KDN 200,000
License ( $ 1,650) 140,250
Maintenance ($1,620) 137,700
777,950
COST ESTIMATE UPCOUNTRY
Bridge 300,000
GPRS 156,000
Connection ( $ 1,650) 132,000
Maintenance ($ 1,620) 129,600
TOTAL 717,600
INTEGRATION ACTION POINTS
HIGHLEVEL WORKPLAN
SIGNAGREEMENT
SET UPPROJECT
TEAM
PURCHASE COMMUNICATION
EQUIPMENT
INSTALCOMMUNICATION
EQUIPMENT
TEST THEINTEGRATION
TRAIN STAFF
PRODUCT PRESENTATION
ACTION POINTS
TESTING OF BACKEND
Integration starts with;
Confirmation that the backend can communicate with the switch
Bank project managers will;
Arrange for testing of your bank end
ACTION POINTS
COMMUNICATIONS
Request for the bank to review your communication equipments.
Choice of equipment is strictly determined by location
PROJECT TEAMS
PROJECT TEAMS CONVERT INTO ATM DEPARTMENTS. THEREFORE TEAM SHOULD COMPRISE
Fosa manager
IT manager
Marketing/customer service
Audit
Internal audit
TESTED SYSTEMS
Sacco solution
Horizon
Asmas
Fine xtreme
Banker’s realm
Codic
Navision
TRAINING FOR SACCOS
Branch visits
Co-opswitch procedures training
TIMEFRAMES
To integrate the Sacco in 2 months
ARE YOU UP TO THE CHALLENGE ?
SACCOS ON CO-OPSWITCH
Kenya Police Sacco
Afya
Tharaka nithi
Magereza
Bandari
Kakamega
Nyandarua Teachers
Comoco
Baringo Farmers
Kipsigis Teachers
Baringo Teachers
Nakuru Teachers
Laikipia Teachers
Muhigia Sacco
Sukari Sacco
Chai Sacco
Chuna Sacco
Asili Sacco
Ndege Chai
Wanaanga
Transcom etc
ASANTE SANA
ASANTE SANA