Knowledge

Author: Ollen Machimbirike

Category:

Date: 1 July 2016

Syrse Group selects IRIS to drive multi-institution e-payments platform

Syrse Group

Syrse Group, one of Africa’s leading e-payments system integrator, has chosen IRIS as the next generation enterprise application suite to drive its multi-institution e-payments platform in Africa. The platform will enable hosting of multiple banks and telecoms to offer digital banking and financial inclusion services to the customers.

The setup meets PCI compliance standards and will offer switching, prepaid and mobile money services in West and Central Africa. IRIS will drive complete ATM and POS offering via Visa & MasterCard EMV issuance and acquiring. Customers will have full access to the banking services and banks will be able to configure, monitor, control and manage its diverse touch points.
Prepaid card management functionality in the IRIS suite will enable banks to launch localized prepaid cards for customers. IRIS multi-tenant prepaid card would enable Syrse to sign up new banks and help them launch variety of prepaid cards for retail and corporate customers.
With mobile wallet and agent banking integrated in multi-institution IRIS mobile money, financial institutions will be able to offer mobile money services to under-banked customers in the region and enable customers to perform transactions using multiple channels including SMS, POS and Mobile App.
“Since financial institutions demand innovative, fast and cost-effective deployment models for their banking solutions, we needed a highly flexible, cloud based solution to support our growth strategy. With IRIS being the power engine behind our cloud platform, we will be able to offer fast and smooth migration to banks along with perfect blend of highly innovative features that banks require”, said Valery de Samucewicz, Syrse Group CEO.

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