BEIGE Capital to unveil upgraded banking system

BEIGE Capital Savings and Loans (BCSL) is to unveil a transformational core banking system upgrade which has the capacity to serve over two (2) million customers.

The bank is currently at the final stages of rolling out a recent version of the T-24 Banking Software. The T24 project formally kicked off in February this year, after the November 2015 launch of BCSL’s new Technology Centre in Accra. During that same period consultants from Temenos and Jethro were contracted as on-site implementation partners.

Commenting on the significance of the new banking system for BCSL, the CEO of BCSL, Mr. Mike Nyinaku said, “Our bank is experiencing significant growth and sophistication that requires a more robust platform. We process over 50,000 transactions almost every working day. Moreover, this T-24 will also enable us to leverage the power of technology to actively engage in the digital banking space.”

He further hinted that BCSL, in the near future, would outdoor digital banking offerings that will open up financial services to the bank’s customers and also to reach the unbanked and the underbanked.

Super user functional training by Jethro for key BEIGE Capital staff took place at BEIGE Academy from 22nd March 2016 to 1st April 2016.

User Acceptance Testing (UAT) Cycle One, which involves testing the salient functionalities of the system occurred from 31st May 2016 to 13th June 2016. UAT Cycle Two also took place from 12th October to 21st October.

Bankwide training involving tellers and other key frontline staff, cluster heads, audit, compliance, banking operations, clearing, remittances and treasury operations amongst others began simultaneously in both Accra and Kumasi on Saturday, 26th November.