Why SACCOs and MFIs are moving to modern core banking

SACCOs and microfinance institutions serve millions of members. Yet many still run on standalone systems that are costly to maintain and disconnected from the wider banking system.

That gap shows up every day: in manual work for staff, in delays for members, and in services that can't reach people where they are.

What changes with modern core banking

E&M's Core Banking Solution is built specifically for SACCOs and MFIs. It gives them modern banking capability, and members can transact through the channels they already use:

• mobile app
• USSD, which works on any phone
• agents, for members who prefer to deal with a person

Connected, not standalone

A modern core sits at the centre of everything else an institution runs. Around it, SACCOs can add:

• Internet banking for retail and corporate members
• Bank reconciliation that matches transactions automatically across switches, card processors and mobile money
• Bancassurance to offer insurance from the same system

The goal isn't new software for its own sake. It's members who can save, borrow and pay without queuing.

Experience from the wider banking market

Our core banking specialists have delivered more than 40 Finacle implementations, supporting Tier 1 and Tier 2 banks across the region. That experience in implementation, integrations, reporting and knowledge transfer shapes how we approach SACCO projects too.

Where to start

Every modernisation begins with understanding how your members transact today and where the friction is. If your SACCO or MFI is weighing its options, we'd be glad to talk.