Fiorano fuels digital overhaul at Bank of Kigali
Bank of Kigali, Rwanda’s largest commercial bank, has chosen Fiorano Software’s platform for its digital revamp.
The project includes integration with the bank’s Temenos T24 core banking solution with support for online and offline banking features.
The firm says Fiorano ESB and Fiorano API Management “form the backbone of all integrations in the bank’s environment”, enabling payment channels such as mobile banking and internet banking with a range of lending services.
The bank selected Fiorano to replace its point-to-point integration with a scalable microservice-centric architecture built over an ESB. This integrates T24 with its ATM and card management systems and enables standardisation of its digital payment options and mobile payments. Fiorano says its common payment gateway now facilitates these payments.
According to Fiorano, the bank provides all mobile operators an API to offer small loans to customers. The bank’s Paretix lending system is service-enabled with ESB, while API Management is used to “expose these services”, which include account creation and loan lending requests, to end-users.
This means mobile service providers are now able to log-in to the API Management development portal for self-registration and to locate service security keys as required.
Fiorano’s API gateways have allowed the bank to automate several services, “thereby enhancing the customer banking experience by facilitating uninterrupted and secure access to account information, money transfers and other services”.
Bank of Kigali was founded in 1966 and has over 258,000 retail customers and 26,000 corporate clients.
Fiorano, a Silicon-Valley based firm, was established in 1995. Companies, non-fintech ones as well, that have used its software include AT&T Wireless, L’Oréal, McKesson, NASA, Rabobank, Royal Bank of Scotland (RBS), Schlumberger, the US Coast Guard and Vodafone.