Cairo – April 11, 2021- Al Ahly Tamkeen Microfinance started operations using a full digital banking system. This project is made by TALYS in collaboration with Fern Software.

As a player specializing in the implementation of high-value financial solutions, TALYS has been able to further confirm its leadership in microfinance technology solutions.

In this project, the architecture proposed by TALYS is as follows:

ABACUS as a core banking system of FERN Software.

Advanced Credit Management (ACM) by TALYS: A platform to digitize the customer journey through a variety of tools:

  • BPM Workflow to digitize credit management in collaborative mode for the entire Microfinance Institution staff.
  • Electronic Document Management System (EDMS) for better management and electronic archiving of customer documents.
  • Internet Banking and Mobile Banking (iOS and Android) for the digitalization of the customer journey in Cross Digital mode  where the customer is invited to make a number of transactions during the Loan application Process (completing forms, loading documents, adding guarantor …)
  • API integration with KYC, AML/CFT and iScore (Egyptian Credit bureau).

Dashboard on power BI: A real-time overview of operations for management.

The next step is already planned on Q3 and Q4 2021 roadmap (Collection module, Legal Follow-up, Risk Management,..).

Customer Description: 

Al Ahly Tamkeen is the new born MFI created by Al Ahly Capital . The investment arm of National Bank of Egypt, whose strategy is focused on looking to set up a new financial services holding company. Al Ahly Tamkeen, to house its micro-lending and e-payments operations that meets the expectations of the MENA financial inclusion market.

The National Bank of Egypt (NBE) is the largest contributor to social responsibility among banks in Egypt. It believes that it has a significant role to play in improving the quality of life of Egyptians. Such contributions were mainly directed to supporting healthcare, education, slums development,  combating poverty, as well as female providers and people with disabilities.

Also, NBE’s total donations in FY 2018/2019 exceeded EGP 1.5 bn., growing by 73%. As a result, NBE’s contributions to social responsibility totaled of EGP 6 bn. in 5 years.

As Director of TALYS SOLUTIONS, Hatem DHAHRI said, 

” Firstly, we are proud to welcome Al Ahly Microfinance to the growing group of clients using TALYS’ ACM platform for digitalizing customer journeys, Loan processes and collection”

He also continued: ” Secondly ,thanks to the commitment and know-how of the TALYS’ Solutions team, we have been able to deliver a target architecture based on the latest technologies and best practices. We are confident that the extensive setting offered by our solution will enable Al Ahly Tamkeen to be agile and fast in the implementation of their new products on the market, thus supporting its strong growth.”

Customer’s story

Mr. Magdy Moussa, CEO of Al Ahly Tamkeen, said: “The TALYS team implemented in a record time a full digital system that will put us on the good rails since the beginning by using the best of breed in the Microfinance industry. We appreciated that they adopted our vision and translated it into a digital roadmap that was successfully implemented on April 11, 2021. This project will expand our market coverage and accelerate the on-boarding customer process to conquest the Egyptian Market.”

About TALYS SOLUTIONS

TALYS SOLUTIONS is the fintech of the TALYS Group:

Firstly,  its a group specializing in financial and operational technology with several projects in 20 countries distributed on 3 continents. Secondly we rely on high-value technology solutions for our customers.

Further, our BU SOLUTIONS is the result of an effort made on our digital transformation and organizational consulting missions. Our service offering has greatly evolved to assist our clients from strategy definition to implementation through the development of TALYS-specific solutions tailored to the specific needs of our customers.

In this continuity, TALYS complements its technological offering through the BU SOLUTIONS by integrating a suite of partner solutions:

MEGA HOPEX solutions: for business process management, customer journey modeling, risk management and controls, internal audit management, IT Architecture, IT portfolio management.

Fern Software’s ABACUS: Microcredit Management Solution.

In conclusion, our concern for improvement obviously leads us to enrich and diversify existing solutions in order to meet the expectations of our customers.

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