Core Banking System (CBS) – Building Resilience
A robust CBS is the foundation for scaling the client base. It is also becoming a prerequisite from a regulatory compliance perspective in terms of reporting and audit rigour as well as obtaining deposit taking microfinance licenses. The new Temenossourced system replaces the existing AMBS platform which is reaching end-of-life. The modular and open architecture of the CBS allows for seamless integration with the Digital Financial Services component. It will also allow easier adaptation to regulatory changes such as the requirement to convert to Islamic banking in Pakistan.
Digital Financial Services (DFS) – Driving Sustainable Impact
DFS will enable additional business scaling by eliminating manual processes for staff. In addition, it is the foundation for a compelling digital client offering delivered via an app. It is also important that ASA International stays ahead of the competition by having a client-friendly front-end interface as well as efficient operations via a digital solution for loan officers. Lastly, it will also help to further minimise fraud misappropriation.
Rollout Approach
Following the implementation of the CBS in Pakistan and the DFS and CBS implementation in Ghana, ASA International is taking a structured approach to further rollouts. Next in line will be Tanzania and Kenya. These operating subsidiaries are chosen primarily given their size and importance; and both are hosted on the same ASA Private Cloud Hub Infrastructure in Tanzania. Order of next countries is based on client numbers and ability to leverage on earlier infrastructure investments for the ASA Private Cloud.