KUSCCO sets up IT firm for members

Kenya Union of Savings and Credit Co-operatives (KUSCCO) has established a software company to enable small co-operative societies offer mobile banking services.
Managing director George Ototo said IRNET Kenya (ICK), to run as a separate entity, will offer a pay-per-use facility for small and medium sized SACCO members.
The umbrella body said the new IT portal to be housed at KUSCCO will enable the small SACCOs compete with the larger peers with own digital banking platforms.
KUSCCO owns 75 per cent of ICK—61 per cent stake was donated by the World Council of Credit Unions (WOCCU) at no cost while KUSCCO bought a 14 per cent stake at an undisclosed amount. The rest of the shares are held by the WOCCU.
“The future provision of financial services is digital banking and ICK gives the small saccos a platform to offer services to their members securely via the web and on mobile phone Apps. Each SACCO will have its secure portal thereby saving them the need to acquire ICT infrastructure and cost of employing staff to man the facility,” said Mr Ototo.
The facility is a cloud-based computing system accessible from any Internet-enabled device. It has a mobile banking option that allows members to use their phones to access financial services from their respective SACCOs.
Source: http://www.businessdailyafrica.com/corporate/Kuscco-sets-up-IT-firm-for-members/539550-3935808-s3t1u9z/index.html

ISO 9001


We commit to consistently promote SACCOs through advocacy and provision of quality technical and financial products that exceed the members’ expectations.
We shall comply with the statutory requirements and actively pursue continuous improvement of the ISO 9001:2015 Quality Management System (QMS) processes, capabilities and effectiveness.
In pursuit of our commitment we shall ensure that the quality policy and objectives that have been established and communicated to the Union employees shall be reviewed annually in accordance with the stipulated framework and quality standards.”