Uganda’s Central Bank licensed Bankom in 2002 to exclusively operate Uganda’s sole Inter-bank Switch. The bank has since commissioned Bankom’s ten independently owned SmartPoint^TM  ATMs spread across the city and so far in three upcountry locations.

 

Presently, all end-of-day inter-bank transaction settlements are channeled through the central bank’s in accordance with the autonomous body’s regulatory requirements for financial institutions.

 

The bank has unequivocal confidence in Bankom’s state of the art technologies and resources that are equipped to provide a real-time transaction platform that is secure and convenient to the end-user.

 

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S1 Corporation delivers customer interaction software for financial and payment services. Worldwide, more than 3,000 customers use S1 software solutions, which comprise applications that address virtually every market segment and every delivery.

 

Bankom’s Inter-bank Switch is driven by S1 Corporation’s Postilion Interface. The Postilion platform acts as a payments hub, consolidating multiple card and transaction types from diverse sales channels, and creating a single customer view. The solution provides for authorization, settlement, and reconciliation, and comprehensive management information. Postilion’s active/active architecture ensures 100% availability and supports in excess of 1,000 transactions per second.

 

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Established in 1964, dfcu Bank is a major player in the financial sector in Uganda. The bank is synonymous with innovative products and superior service levels catering for customers’ diverse needs in all sectors of the economy. dfcu’s approach centers on two main business streams i.e. Consumer Banking and Development and Institutional Banking. The bank currently boasts over 24 branches spread across the country.

 

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CIB was opened on 11^th September 1995 with established Egyptian Banks – Banque du Caire, Bank of Alexandria, National Bank of Egypt, Bank Misr and Kato Aromatic SAE (a multinational conglomerate) as shareholders. The bank has been growing rapidly to become one of the select few to stand the test of time. 

 

 

 

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Uganda Finance Trust MDI Limited (U-TRUST) was incorporated on 24th March 2004 and licensed on 12th October 2005 following the Micro Finance Deposit-Taking Institutions (MDI) Act, 2003. It was formed as a share based for-profit company, to assume the financial services business of Uganda Women’s Finance Trust Limited (UWFT). UWFT was first registered as Uganda Women’s Finance and Credit Limited (UWFCT) a-not-for-profit organization on 2nd August 1984 (and later as a Non Governmental Organization). Now re-branded “Finance Trust”, it is one of Uganda’s leading microfinance institutions with more that 20 branches across the country.

 

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Fina Bank, is Kenya’s latest Bank to set-up shop in the local Uganda market and also has presence in Tanzania and Rwanda. Fina Bank was originally incorporated in 1986 as a Non Bank Financial Institution. In 1996, it became a fully fledged commercial bank with a strong developmental emphasis especially in rural areas and a strong focus on SME banking. Under the inter-bank connectivity arrangement, the banks branches are complemented by Bankom’s SmartPointTM ATMs. Customers will in addition have access to other partner bank ATMs already connected to the network. Bank officials have stated that Fina Bank will strive to bridge the gap between the banked and unbanked populations through innovative and customer-centric products.

 

Bankom provides a total touch-point solution to the bank including switch hosting, inter-bank connectivity, card and pin mailer production.

 

 

KCB Bank (U) is also a recent entrant from Kenya into the Ugandan market. KCB outsources its card production process to Bankom, thereby drastically cutting ATM card turnaround times while reducing cost and mitigating risk with a secure and reliable partner.

 

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