Barclays Partners with Kenya’s University of Nairobi in Cash Management Deal
Kenya’s University of Nairobi (UoN) has partnered Barclays Bank Kenya (BBK) to launch Host-To-Host, an automated cash management system to replace the manual, labour-intensive payment processes previously used by more than 60,000 students.
The launch marks part of the university’s digitisation programme to introduce end-to-end integration between UoN’s treasury system and the bank system, reducing the incidence of errors and rejects that result from manual collections and payments processes.
Embedded in the Barclays Integrator, the bank’s internet banking solution, the system is flexible and accommodates mobile payments available from Barclays in addition to enhancing transparency, security and high standards of accountability through readily available information that is also credible for audit purposes.
Speaking during the signing ceremony, BBK managing director Jeremy Awori said: “This is the first collaboration of its kind in this market, it not only cements our partnership with the University of Nairobi, but also creates new opportunities both for Barclays to meet our customers’ growing need for customized solutions that are aligned to their business model.”
UoN vice chancellor Professor George Magoha said this will enable the students to pay fees at any of the BBK channels and receive auto receipts for their fees as well as automatic updates on their account status on the student portal.
“Without doubt, this will bolster efficiency across the various departments in the university considering that all our processes are interconnected with the finance office,” he added.
The new solution also counters fraud by eliminating the physical slips from the payment process, and comes as African nations are reviewing how to optimise internal processes and ensure systems and hardware infrastructures are robust enough to mitigate the risks associated with fraud.