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