To better manage the bank’s loans and deposits portfolio, Stanbic Bank Kenya went Live on Recycler Module (Online Sniffer) on its T24 Transact - a pioneer RC module implementation involving migration of existing AA contracts while retaining all historical data. This approach offers the opportunity for extended features i.e. embedded charges, Auto disbursement, Multiple repayment Accounts; amongst other features.
In addition, MM contracts were migrated to AA providing for Early Redemption with Interest forfeiting, automated electronic notification.
STRAJ provided the implementation and technical support for these projects.