Digital Banking Background

Card and Mobile Transaction Processing capacity of African banks today is indisputably a great and unique achievement.

The infrastructure that supports transaction as of today in Nigeria and neighboring regions is quite compound and includes 3rd party licensed solutions together with own developments. Both in-house and outsourced models are being used.

This “post-EMV” infrastructure is as we see a result of natural historical development and decisions. While it is quite stable, the key question is if it is ready for further growth?

Based on the detailed analysis we believe that the best approach is a transformation into a best combination of two different practices for the two parts of transaction business:

  • Cards Traditional Business = “commodity” – require cost-efficient and very stable solutions
    that allow business to stably grow based on the world best practices
  • Card Innovative Business & Online (non-card) transactions business = “innovations”-
    requires fast and open for integration in-house architecture that allows using modern
    technologies for quick wins. Further commoditizing of successful innovations opens new
    space for future innovations.

Available Solutions

Transaction Processing Solutions for Cards and Non-Cards

Digital Banking Strategy

Digital Infrastructure Readiness Survey

Mobile Banking Applications & Wallets

Innovative Agency Banking solutions

Innovative USSD Solutions

Virtual Cards, Loyalty Cards, Fuel Cards & More

All available on MANAGED SERVICES CONCEPT, while SIXTO is taking the responsibility for all layers of operation – from environment and infrastructure management to application layer management, and if required also business operation management

Our Key Approach

We are desirous of providing with a complete holistic turnkey approach for each of the proposed solutions:

  • Taking the project from drawing board to complete fulfillment – From conceptual design to detailed design, implementation, operation and maintenance and knowledge transfer.
  • Providing with a complete technical solution including all necessary disciplines – We will assume responsibility of all technical aspects of the activity from civil engineering, water treatment to all aspects of agriculture expertise.
  • Project Supervision will include supervision on all non-technical/ professional aspects of the Project including finance, HR, administration, marketing etc.

Advantages

Working with World Leaders' Experts

Worldwide Experience Including West Africa

Innovative Solutions Designed to Mitigate Challenges Typical to West Africa

Focus on End to End Solutions

Focus on Training and Knowledge Transfer

Vast Experience In Operation of Complicated Activities and Large Scale Projects in Africa

Suggested Operation Modes

Sixto Proposed Solution is Robust and Flexible, designed to support these two important and yet different business lines, with a main goal of enabling to focus on the core business.

The SixTo Solution is available in several modes of operation – and will be tailored to optimize its benefits:

Fully Managed Service Solution

Building and operating the solution in sixto Data Centers, meeting the agreed service levels and KPIs, while maintenance and operation will be done by sixto.

Enhanced Support

Licensed Service Solution – installation and integration of a License solution, on bank systems, with operations enhanced support by sixto, while bank will assume full responsibility on the infrastructure and solution.

Intermediate Solution

A responsibility share on the Solution components between organization and Sixto – to be further discussed if relevant.

Managed Service Benefits

Meeting Aggressive & Demanding Market Changes

Working in partnership with MTI to enable immunity in the market to meet the aggressive and dynamic changes in the industry ensuring the rollout of new service in a timely manner, while keeping the cost under control.

Automation

Fully automated tools will provide various feeds to the accounting and Reporting system for consolidation and reconciliation of the business.

In Line with Global Trends

The Proposed Solution is in line with the global trend particularly experienced in the financial sector, to outsource IT infrastructure, services and entire business processes, while focusing on the core business.

Transitioning from Legacy Infrastructure

In the field of card management systems (CMS) many major European, North American and global banks either already rely on third-party processing or are actively transitioning to it from legacy and in-house systems.