Automation of SACCOs - FSD Kenya
Automation of SACCOs - FSD Kenya
Automation of SACCOs - FSD Kenya
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62 • AUTOMATION OF SACCOS: ASSESSMENT OF POTENTIAL SOLUTIONS<br />
System maintenance Strengths Weaknesses / For further investigation<br />
Configuration<br />
The system <strong>of</strong>fers only basic configuration options lacking<br />
flexibility, e.g. different interest rate for different savings<br />
products.<br />
Data The system enables the setup <strong>of</strong> different mappings for The member number is not a unique identifier for a<br />
data import using a drag and drop wizard.<br />
customer throughout the whole application as FOSA and<br />
BOSA store their customer data in different tables. The<br />
national identity number needs to be considered in addition<br />
to uniquely identify a customer.<br />
Security SPY application enables monitoring <strong>of</strong> transactions that The differentiation <strong>of</strong> access rights is too broad.<br />
need authorisation as well as online notification.<br />
The user needs to enter his user ID and password too <strong>of</strong>ten.<br />
Backup and recovery<br />
The system facilitates the delegation <strong>of</strong> authorisation<br />
rights.<br />
The audit trail focuses on system users rather than on<br />
particular transactions. An audit trail per process (e.g. loans)<br />
can be reconstructed, but is not immediately obvious.<br />
Multi-branch operations Chepsol SACCO connected its two branches using<br />
GPRS.<br />
A File transfer protocol tool is used for data transfer.<br />
While transactions are transmitted online, static data is<br />
only synchronised every two hours.<br />
Another multi-branch installation is scheduled for early<br />
2010.<br />
Support and maintenance The vendor has 22 permanent staff and employs<br />
programmers from India on demand as well as<br />
consultants for tasks that cannot be performed by<br />
internal staff.<br />
<strong>Kenya</strong>n presence About 20+ staff in Nairobi, Kericho, and Eldoret.<br />
<strong>Kenya</strong>n SACCO experience 17 implementations in <strong>Kenya</strong>n <strong>SACCOs</strong>.<br />
3. FInSACCo (FInTECH)<br />
FoSA Strengths Weaknesses / For further<br />
investigation<br />
Teller operations Features are clustered logically providing efficiency.<br />
SMS banking is only enabled<br />
FOSA products<br />
(configuration and<br />
processing)<br />
The system allows internal transfer <strong>of</strong> cheques to the senior cashier.<br />
The system <strong>of</strong>fers a module (FinBridge) to connect the application to Kenswitch to<br />
enable integration with an ATM network.<br />
through a separate module.
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