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Core Banking & Onboarding System for Watu Credit

Services Covered:

Custom Software Development
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Industry
Industry

Financial Services

Duration
Durationinfo-circle

72 months

Budget
Budget

1M - 10M

Start Date
Start Date

1 January 2018

Team Size
Team Size

1-5

Engagement Model
Engagement Model

Offshore

Project Capability Score (PCS)

gauge meter
79/100
Good

Project Capability Score (PCS) estimates how capable Metasite is of successfully delivering a project like this, based on its past experience, track record, and ability to handle similar work. Learn more about PCS

Client

Watu Credit

mapKampala, Uganda

Project Summary

Metasite developed an all-in-one banking system for Watu Credit that supports core banking operations, customer onboarding and vehicle asset tracking. The implementation improved customer onboarding and operational efficiency and was replicated in four additional countries, demonstrating scalability. The vendor assembled a dedicated team and delivered a quality, integrated system working alongside the client's in-house developers.

Key Challenges

  • Support core banking operations
  • Onboard new clients via an online system
  • Manage and track vehicle assets
  • Provide an all-in-one system for daily administrative tasks and be the principal technology partner for core IT systems

Project Deliverables

  • Integrated core banking system
  • Customized Mifos X fintech platform
  • New client onboarding system
  • Integration with in-house systems

Project Solution

Metasite assembled a small dedicated engineering team and customized an open-source Mifos X fintech platform to meet Watu Credit's needs. They used Java (Spring), Angular, MySQL, Redux, Spock and Gradle, worked alongside Watu Credit's in-house developers, and built a new online client onboarding system to streamline applications.

Project Outcome

  • Improved customer onboarding experience and day-to-day operational efficiency
  • System replicated in four additional countries demonstrating scalability
  • Streamlined transfer of customer data to the core banking system and reduced errors
  • Enabled tracking of customer payments, loan restructuring and real-time vehicle usage data

Platforms

  • WebWeb

Tech Stack

  • JavaJava
  • SpringSpring
  • AngularAngular
  • MySQLMySQL
  • ReduxRedux
  • GradleGradle

Client Endorsement

Overall Review Rating

5star

Timeliness

Cost Rating

Willing to Refer

Quality of Deliverables

“Metasite has implemented an integrated system, improving customer onboarding experience and operation efficiency. The system has also been replicated in four additional countries, which shows its scalability and functionality. Overall, the dedicated team has delivered a quality banking system.”

Ivo Verners

Head of System Development

Note: This endorsement is based on publicly available client feedback from external review sources.

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