Managing financial transactions efficiently is crucial for any financial institution. The Enhanced Teller Till Statement is a major step forward in improving transparency and accuracy in financial tracking. With this enhancement, every transaction now includes exact descriptions entered by tellers, ensuring greater clarity and simplifying reconciliation processes. This update empowers financial institutions with better audit…
The fixed yearly interest option is within the Credit Product Policy (CPP). This new feature enables interest to be calculated on a flat configuration basis, delivering a straightforward and predictable method for interest calculations. Key Features How to Enable To enable the fixed yearly interest option, please follow these steps: Upon activation, the system will…
A new enhancement in the system now enhances the display of interest and outstanding balances, ensuring clearer financial information and preventing overpayment. This improvement allows users and tellers to see only the principal and accrued interest up to the current date, rather than the total interest for the full loan duration. With this update:
The…
To improve security, accuracy, and efficiency, we have transitioned from using account numbers and phone numbers for transactions to a streamlined method based on each client’s unique numerical ID. The numerical ID is recorded under the Reference Number in the Member Details page and is now used for all deposit and repayment transactions, ensuring precise…
Overview Administrators now have the ability to maintain version control for credit product policies, ensuring that unapproved modifications do not affect active loan products. This feature provides a reliable way to track and manage policy changes, enhancing transparency and control. By implementing version control, administrators can streamline policy updates and approvals, ensuring a systematic and…
Overview The enhancement to Auto Debit functionality, now enables the separate payment of registration and subscription fees through Auto Debit. This update streamlines the payment process, making it more convenient for members while ensuring timely fee collection for financial institutions. Key Changes Enhanced Auto Debit Capabilities: Membership Policy Configuration:
The system supports configurable automatic loan provisioning, enabling financial institutions to customize provisioning rules to align with their specific requirements. This enhancement provides greater flexibility while ensuring compliance with internal policies, allowing institutions to manage loans more efficiently.
A new system enhancement now allows administrators to view uploaded documents by simply clicking on the View (eye) icon. This update improves document accessibility, making it easier for administrators to review files across different modules effortlessly. The View (eye) icon can be used in the following sections:
In our latest update, existing members will not incur any fees or charges during imports, as they have already paid the necessary amounts. This adjustment enhances trust and transparency, ensuring that financial institutions uphold fairness while preventing duplicate charges. By eliminating redundant fees, institutions can strengthen member satisfaction, encourage long-term engagement, and build loyalty, ultimately…
Wakandi is proud to announce that in February 2025, we completed the integration of Sanlam Insurance for both Kenya and Uganda. This marks a significant milestone in our mission to provide value-added services to our customers and their members. With this integration, SACCOs and Microfinance institutions can now seamlessly access Sanlam’s insurance products, offering their…
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