Following efforts by the Central Bank of
Nigeria to revamp the payment system, Proactive Technologies Limited and Sybrin
Systems Limited have announced a partnership to deploy Sybrin automated cheque
truncation solution as well as other cost-saving, efficiency-enhancing
solutions to Nigerian banks.
The Chief Executive Officer, Proactive
Technologies, Mr. Roland Obe, said at a press conference in Lagos on Wednesday
that the two firms were at different levels of discussion ranging from
negotiation to implementation with several financial institutions to deliver
world-class imaging and truncation solutions.
He listed First Bank of Nigeria Plc, Skye
Bank Plc, United Bank for Africa Plc, and a few others as leading the quest for
true decentralised truncation.
Obe said, “While several companies claim to
have expertise in the imaging and truncation technology areas, only very few
stand out in Africa and beyond. The strongest of such companies in Africa is
Sybrin, which has been in the business for over 21 years, innovating and
virtually taking over truncation technology in Africa.”
The Sales Manager, Sybrin Systems, Mr.
Daniel
Parreira, stated that Sybrin had
established itself over the past 20 years as a leading software technology
company in the provision of automated cheque truncation and other payment solutions
amongst Africa’s leading banks, clearing houses and corporations.
He said, “Some of Sybrin’s key clients are
Barclays (Pan-Africa), Bankserv (South African Clearing House), the Electronic
Cheque Clearing House in Malawi, the Zambia Electronic Clearing House, the
Kenya Bankers Association ACH, as well as many other leading financial
institutions across Africa.
“Our solutions include automated
front-office image-based voucher processing (cheque truncation), imaging and
workflow, mobile banking, document management and statement solutions.”
The apex bank in August 2007 inaugurated
the Payments System Vision 2020 aimed at restoring the payment system.
The process commenced with the unveiling of
the PSV 2020 strategy document, which benchmarks the Nigerian payments system
against global best practice.
A core aspect of the initiatives, apart
from e-banking, which include Automated Teller Machines, Point of
Sale and other cash-less initiatives, is a
significant reduction in the clearing periods for cheques by the banks to T+1.
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