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Follow on Google News | Powered by Fiorano ESB, Commercial Bank of Africa revolutionizes mobile-bankingM-Shwari logs 40,000 customers per day crossing Ksh1 billion in transactions a month with core banking integration from Fiorano
By: Fiorano Software M-Shwari, considered a “game-changing” Fiorano ESB, Enterprise Service Bus works as an integral part of CBA’s Core banking Integration Framework, transforming one-to-one approach to integration into many-to-many integration hub allowing seamless integration with third-party applications. “Fiorano’s SOA platform built on the Fiorano ESB, Enterprise Service Bus and backed by Fiorano’s solid JMS messaging product, FioranoMQ has been critical in enabling the speed and efficiency with which we have been able to roll out this innovative product and handle the unexpectedly large volume of transactions and data,” said Dennis Volemi, CBA’s Head of Technology, New Business Ventures. “M-Shwari has exceeded all the performance KPIs that we set out to achieve in the first 90 days,” he added. According to a joint statement from Safaricom and CBA, M-Shwari is seeing 40,000 Kenyans sign-ups daily. With customer deposits of over KSh 3 billion, it’s one of the most successful new financial services products in the African market in recent years. Seen as the perfect customer attraction and retention tool, CBA’s Chief Executive Officer Jeremy Ngunze in a recent interview said, “We are overwhelmed at the show of confidence from our customers. This product will clearly change the game in the local financial sector”. Fiorano’s code-free integration approach via point and click tools dramatically reduces implementation time so banks can bring new capabilities to market faster. M-Shwari’s mobile banking transactions are routed to a web service hosted on CBA server. Using the Fiorano SOA platform CBA has developed web service flows to expose these Core Banking transactions. Fiorano Enterprise Service Bus (ESB) is an agent-based, peer-to-peer, distributed event-driven asynchronous middleware infrastructure that supports intelligently- About Commercial Bank of Africa (http://www.cbagroup.com) Founded in 1962 Commercial Bank of Africa Ltd is one of East Africa’s largest privately owned banks and has operations in Kenya and Tanzania. About Fiorano (http://www.fiorano.com) Founded in 1995, Fiorano has been a trusted provider of enterprise integration middleware, high performance messaging and distributed systems. Global leaders including ABN AMRO, Federal Bank, Rabobank, Boeing, NASA, US Coast Guard, POSCO, British Telecom and Vodafone have deployed Fiorano’s solutions to drive innovation through open, standards-based, event-driven SOA applications yielding unprecedented productivity. Media contact: Abhishek Merve mediarelations@ 650-326-1136 End
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