By Jackson Okoth.
A baseline assessment involving several Deposit-Taking Saccos, conducted by Kingslink International Kenya Limited has revealed the need for these Societies to move to a more secure IT platform.
This is to enable them deal with an emerging trend where Saccos continue to lose members’ cash through the activities of online criminals.
Kingslink International is working closely with the Co-operative Alliance of Kenya (CAK) to deliver a turnkey solution the best-in-class software, quality hardware, reliable connectivity and superior after sales service and support at a flexible and affordable pay-as-you-grow model.
CAK has for the last few years noted with great concern, the ICT challenges that Co-operatives are facing.
“We have partnered with CAK and other stakeholders to provide Saccos with the T24 Core Banking Platform that will allow them to access real time data as well as archiving capabilities, web hosting and a host of modules,” Kingsley Kariuki, CEO Kingslink International (K) Limited said.
He made the remarks while making a presentation at a recent workshop titled “ICT Business Opportunities for Cooperatives” held at the Crown Plaza Hotel – Upper Hill, Nairobi.
The function was also attended by a team of internationally renowned ICT gurus.
The meeting that attracted Co-operatives’ CEOs and representatives across Kenya was steered by ICT professionals from Temenos and Kingslink International.
Speaking during the opening of the conference, the Commissioner for Cooperatives Development, Mary Mungai said the world is evolving so fast requiring Co-operatives to also keep up the pace.
Mungai lauded the CAK team for ensuring a level playing field for all in the Cooperatives sector.
She said the ministry is in support of the team and other stakeholders, who are working round the clock to ensure the industry develops.
“I am proud of the CAK team and other parties that are doing the best for the sector. As a ministry, we are always ready to move forward with you,” said Mungai.
CAK CEO, Daniel Marube said CAK has for the last few years noted with great concern, the ICT challenges that Co-operatives are facing thus the reason for inviting ICT key players to shed light on how to deal with these problems.
“We have been suffering alot due to challenges in ICT and in order to address this crucial concern, CAK has partnered with Kingslink International and invited a team of internationally renowned ICT gurus to assist with some knowledge on how to deal with these challenges,” said Marube.
Kingslink is an Application Service Provider (ASP) which focuses on removing the need for ongoing hardware investment in legacy core banking systems that limit scalability and reduce income cost ratios.
It has partnered with South African-based Temenos- a software provider specialising in banking and finance solutions, to provide the turnkey solution for Co-operatives in Kenya.
Temenos is already the IT service provider for M-Shwari, a mobile money platform run by Commercial Bank of Africa (CBA).
