Overview The improvement to the All Transactions tab will make transaction tracking easier and more transparent. The following fields have been added: These updates provide a clearer overview of each transaction, improving overall transaction management.
Overview This functionality allows users to waive both accrued and unaccrued interest when closing a “Cash” type loan. This simplifies loan settlements and provides greater flexibility in loan management. Users handling loans under a “Cash” loan product now have the ability to waive off accrued and unaccrued interest upon loan closure. Steps to waive both…
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…
Implementing a PIN on USSD is crucial for enhancing security. It ensures that only the authorized user can access loan applications, by protecting against unauthorized access. This helps to curb fraud, ensures privacy and builds trust. This is an advanced security feature. Users must now create/reset a USSD PIN via the USSD portal before applying…
The system now allows for configurable subscription-based pricing, enabling tailored plans to suit diverse business needs. The subscription fee is automatically collected from the WBA (Wakandi Business Account) amount. Subscription-based pricing has two components. These are fixed and variable costs.
Key nine SASRA reports have been deployed to enable compliance and streamline reporting for financial groups in Kenya. The reports can be activated on the feature function for the SASRA regulated Non-WDT financial groups. Below is a sample report and it provides for the signature
This feature aims at improving the accuracy and flexibility of loan management. it gives admin the ability to reverse loan disbursements through the teller. This implementation allows tellers to correct errors in loan disbursements under specific conditions. This feature is designed to enhance operational efficiency and reduce the impact of accidental disbursements. Conditions for Disbursement…
This feature gives members and administrators various options to make payment for charges. These options are as below. As a member, one can follow the below steps to make partial payment. Use the below steps in Teller