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The Bank is one of Rwanda's largest commercial banks licensed by the National Bank of Rwanda, the country's banking regulator. It was founded in 1966 and has 300,000 retail customers and 25,000 corporate clients. The bank has won several back to back international and regional "Best Bank in Rwanda" awards.
The Bank is one of Rwanda's largest commercial banks licensed by the National Bank of Rwanda, the country's banking regulator. It was founded in 1966 and has 300,000 retail customers and 25,000 corporate clients. The bank has won several back to back international and regional "Best Bank in Rwanda" awards.
Core banking integration. Digital transformation.
Multichannel Banking. Agility. Financial Inclusion
Banking
Fiorano API Management. Fiorano Platform
One of the stated goals of the bank was to focus on further deepening the bank's roots at home to tap into what still remains a largely formally un-banked population. According to FinScope's survey on access to finance in Rwanda, out of 4 million adult Rwandans who have access to formal financial services, only 1.5 million adults or 26%, use banks, with only slightly over 60,600 adults of the 1.5 million exclusively relying on banks; others have alternatives outside banking. This was the large untapped market that the Bank wanted to expand into and become a one stop shop for financial services.
Bank of Kigali decided that the way forward was to move away from a traditional point-to-point integration system with a focus on building service-oriented-architecture (SOA) using an Fiorano Platform. It had core banking requirements like integrating its multiple Core Banking Systems; Delta and Temenos T24 with ATM, Card Management Systems and multiple channels to expand its reach.
The Bank also wanted to facilitate and standardize digital payment options like mobile, water and utility payments.
325,000
CLIENTS
Fiorano Platform enabled the Bank to add
multiple channels into the extended network
providing agility and improving profitability.
One of the stated goals of the bank was to focus on further deepening the bank's roots at home to tap into what still remains a largely formally un-banked population. According to FinScope's survey on access to finance in Rwanda, out of 4 million adult Rwandans who have access to formal financial services, only 1.5 million adults or 26%, use banks, with only slightly over 60,600 adults of the 1.5 million exclusively relying on banks; others have alternatives outside banking. This was the large untapped market that the Bank wanted to expand into and become a one stop shop for financial services.
Bank of Kigali decided that the way forward was to move away from a traditional point-to-point integration system with a focus on building service-oriented-architecture (SOA) using an Fiorano Platform. It had core banking requirements like integrating its multiple Core Banking Systems; Delta and Temenos T24 with ATM, Card Management Systems and multiple channels to expand its reach.
The Bank also wanted to facilitate and standardize digital payment options like mobile, water and utility payments.
325,000
CLIENTS
Fiorano Platform enabled the Bank to add multiple channels into the extended network providing agility and improving profitability.
Fiorano Platform was used to integrate the core banking system and the Platform enabled the creation of a common payment gateway so that multiple payment channels could consume the bank’s services. For any additional service creation, new channels could be easily and rapidly on-boarded through Fiorano’s drag and drop configuration feature.
Fiorano Platform enabled the bank’s specialists to use the Platform's design-time environment to perform routing and transformation work on messages coming from the Core Banking system.
The platform serves as an API Gateway between the Banks applications and services providing a linearly scalable, agent-based API gateway. With Fiorano, backend and third-party web services could be transformed into easily consumable APIs, governed by self-service policies.
Fiorano Platform was used to integrate the core banking system and the Platform enabled the creation of a common payment gateway so that multiple payment channels could consume the bank’s services. For any additional service creation, new channels could be easily and rapidly on-boarded through Fiorano’s drag and drop configuration feature.
Fiorano Platform enabled the bank’s specialists to use the Platform's design-time environment to perform routing and transformation work on messages coming from the Core Banking system.
The platform serves as an API Gateway between the Banks applications and services providing a linearly scalable, agent-based API gateway. With Fiorano, backend and third-party web services could be transformed into easily consumable APIs, governed by self-service policies.
The bank’s Paretix lending system is service enabled with Fiorano Platform, while Fiorano 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.
Additionally, deployed APIs can be monitored for performance throughput, errors and overloads. Alerts can be configured for these conditions.
APIs are exposed to the mobile service providers for loan lending, savings, deposit, withdrawal (between mobile customers and Banks). The developer portal of the Fiorano API Management platform helped mobile service providers to self-register and test the API. It also provides support for viewing API documentation related to various public and protected APIs.
Additionally, deployed APIs can be monitored for performance throughput, errors and overloads. Alerts can be configured for these conditions APIs are exposed to mobile service providers for loan lending, savings, deposit, withdrawal (between mobile customers and Banks).
Fiorano’s API management layer provides an additional layer of security. Deployed APIs have been secured using WS-Security standards for web service-based APIs and HTTP based authentication for REST based APIs.
The bank’s Paretix lending system is service enabled with Fiorano Platform, while Fiorano 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.
Additionally, deployed APIs can be monitored for performance throughput, errors and overloads. Alerts can be configured for these conditions.
APIs are exposed to the mobile service providers for loan lending, savings, deposit, withdrawal (between mobile customers and Banks). The developer portal of the Fiorano API Management platform helped mobile service providers to self-register and test the API. It also provides support for viewing API documentation related to various public and protected APIs.
Additionally, deployed APIs can be monitored for performance throughput, errors and overloads. Alerts can be configured for these conditions APIs are exposed to mobile service providers for loan lending, savings, deposit, withdrawal (between mobile customers and Banks).
Fiorano’s API management layer provides an additional layer of security. Deployed APIs have been secured using WS-Security standards for web service-based APIs and HTTP based authentication for REST based APIs.
Fiorano's API gateways have allowed Bank of Kigali to automate several services, thereby enhancing the customer banking experience by facilitating uninterrupted and secure access to account information, money transfers and other services.
The Bank now provides all mobile operators an API to offer small loans to customers, thereby increasing its reach across the country.
The Bank can also automate services for its Corporate Customers, significantly enhancing the satisfaction and retention levels by saving their valuable time and effort. Customers can monitor their account movement, carry out banking operations such as money transfers and payments etc. quickly and conveniently.
Fiorano's API gateways have allowed Bank of Kigali to automate several services, thereby enhancing the customer banking experience by facilitating uninterrupted and secure access to account information, money transfers and other services.
The Bank now provides all mobile operators an API to offer small loans to customers, thereby increasing its reach across the country.
The Bank can also automate services for its Corporate Customers, significantly enhancing the satisfaction and retention levels by saving their valuable time and effort. Customers can monitor their account movement, carry out banking operations such as money transfers and payments etc. quickly and conveniently.
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