Download - SACCOLINK- 2012
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COOPSWITCH BANKING SOLUTION
HAZINA SACCO LTD.By
Wilson Asena
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AREAS OF FOCUSDescription of Co-Opswitch
Benefits
The challenges
Role of Sacco
Cost implications
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THE ATM BANKING THE ATM BANKING CHANNELCHANNEL
RELIABLE WIDE RANGE SERVICES POINT
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THE CO-OPSWITCH
What is the Co-opswitch?
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COOPSWITCH
Auth. Request
Auth. Response
Auth. Request
Auth. Response
SACCOCard holder @
Co-opbank ATM’s andOther Banks ATM’s
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BENEFITS
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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
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BENEFITS : SACCOS
New generation banking products e.g
Co-branded cards.
Prepaid cards.
Marketing and promotions by the bank.
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BENEFITS: MEMBERS
Convenient 24x7 banking services
Purchase goods and services at visa merchants
Nakumatt , Uchumi,Tuskys
Petrol stations
Multiplication of banking service points.
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ATM FOOTPRINT
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ATM SERVICES
Utility PaymentsBalance Enquiry
Mini StatementsCash Withdrawal
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ATM FOOTPRINT
Saccos shall use atms on
Co-Opbank Network
Other Banks (KCB, BBK, Stanchart)
Independent ATM Providers (PESAPOINT, Kenswitch)
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SACCO ATM CARD-DESIGN
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THE CARD DESIGN AND USAGE
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CARD PRODUCTION
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CARD PRODUCTION
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PRICING
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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
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CHALLENGES
What are the
Challenges/Expectations ?
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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
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CHALLENGES CONT
SWITCH
ATM
ATMATM Co-op Kwa Jirani
POS
Co-op BankBANKMASTER
SACCOHQ
OTHER BRANCH
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IMPLEMENTATION
STRATEGY
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ATM
ATM
ATM ATM
TRANSMASTER SACCOHQ
POS
COMMS1) COMMS1) COMMS
2) BRIDGE
3) UPGRADE ORNEW SOFTWARE
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ROLE OF SACCO
Customization and installation of software
Interfacing sacco backend to co-opswitch
Interfacing sacco backend to co-opswitch
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ROLE OF SACCO – continued…
Centralization of distributed branches
Ordering cards
Recruitment
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CONNECTION PLAN
SHORTRUN
Connect head office for saccos with branches
LONG RUN
Connect branches
Centralise
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COST IMPLICATIONS
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COST IMPLICATIONS
PREPARITION OF BACKEND
THIS COVERS
New software
Upgrades
Computerization
ALL COSTS ARE BORN BY THE SACCO
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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
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COST ESTIMATES NAIROBI
Bridge 300,000
Telcoms or KDN 200,000
License ( $ 1,650) 140,250
Maintenance ($1,620) 137,700
777,950
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COST ESTIMATE UPCOUNTRY
Bridge 300,000
GPRS 156,000
Connection ( $ 1,650) 132,000
Maintenance ($ 1,620) 129,600
TOTAL 717,600
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INTEGRATION ACTION POINTS
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HIGHLEVEL WORKPLAN
SIGNAGREEMENT
SET UPPROJECT
TEAM
PURCHASE COMMUNICATION
EQUIPMENT
INSTALCOMMUNICATION
EQUIPMENT
TEST THEINTEGRATION
TRAIN STAFF
PRODUCT PRESENTATION
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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
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ACTION POINTS
COMMUNICATIONS
Request for the bank to review your communication equipments.
Choice of equipment is strictly determined by location
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PROJECT TEAMS
PROJECT TEAMS CONVERT INTO ATM DEPARTMENTS. THEREFORE TEAM SHOULD COMPRISE
Fosa manager
IT manager
Marketing/customer service
Audit
Internal audit
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TESTED SYSTEMS
Sacco solution
Horizon
Asmas
Fine xtreme
Banker’s realm
Codic
Navision
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TRAINING FOR SACCOS
Branch visits
Co-opswitch procedures training
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TIMEFRAMES
To integrate the Sacco in 2 months
ARE YOU UP TO THE CHALLENGE ?
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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
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Muhigia Sacco
Sukari Sacco
Chai Sacco
Chuna Sacco
Asili Sacco
Ndege Chai
Wanaanga
Transcom etc
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ASANTE SANA
ASANTE SANA