by: camilo ramada roder van arkel dr. shahadat khan cyclos: independent online and mobile banking...
TRANSCRIPT
By: Camilo RamadaRoder van Arkel
Dr. Shahadat Khan
Cyclos: Independent Online and Mobile Banking Platform
Social Trade Organisation
STRO (Social Trade Organization)
• Foundation of STRO
• Focus on monetary issues since the early nineties
• Development of monetary methods
• Development of Cyclos software
Objectives & motives
• The vision of Mervyn King, governor of the Bank of England.
• Optimize the circulation of purchasing power in local communities and regions
• Create innovative solutions that increase the purchasing power through new forms of money and credit
From conventional banking to economic innovations
Activate unused/spare capacity for SME’s (PuntoTransacciones)
• C2C and C2B transactions
• E-commerce
• Communication platform
Solution for taxi companies (C3 Uruguay)
• Integration with taxi central communication system (GPS)
• Facilitating administration.
Social currencies (Brixton pound)
• Local credit
• Stimulate local trade
• Stronger local cohesion
Banking the unbanked (Progoti)
• Branchless banking
• Entry level mobile services for agents and clients
The Cyclos platform
Cyclos project
• Project history, present and future
• Why Open source?
• Support & funding
Payment platform
• Double entry transaction system
• Dynamic accounting structure
Modules
• Marketplace (e-commerce)
• Brokers, loan agents, operators
• Alerts, notifications and messaging system
• Business qualifications, transaction feedbacks
• CRM module
Access channels
• Web
• POS (Point of Sale), credit/debit cards
• Mobile (SMS, USSD, Smartphone)
• Interfaces (API)
Cyclos design
Objectives
• Secure
• Flexible
• User friendly
• High availability, data integrity, performance
Open
• Open Source
• Build on open platforms
• Independent (not bound to providers - do it yourself)
• Building extensions
• Join the project!
About Progoti Systems
Leading software developer and mobile financial system provider in Bangladesh
• A team of technology and business veterans
• Extensive global and local experience from diverse industries
Offers end-to-end mobile financial solution and service
• Products and platform
• Professional services and system integration
• SureCash banking network - hosted service for banks and other partners
SureCash Mobile Banking Network by progoti Systems
BanglaLink
Banks
Robi
Utilities
Merchants
Insurance
NGOs/MFIs
Post Office
TeleTalk
Retail Agents
FinancialService
Mobile FinancialSystem
SureCashAirtel
CityCell
GrameenPhone
SureCash Implementation using Cyclos
Data Access Objects (DAO)
Hybernate
Web-Services CXF
SC Web-Services (REST)
SMS Application
USSD Application
Web Application
USSD GW
SMS Server
SIGTRAN
Mobile Operators
Customers &Agents
CyclosBankers &Management
Database
Bank Software
SureCash Mobile Banking Network Connectivity
IN
Teletalk
STP
SMSC
Customers& Agents
PaymentPartnersPayrollBillersRetailersInsuranceBus ticket
Mobile FinancialService Platform
USSD Gateway
MFSPlatform
CBS
Banks
Other MNOs
SIGTRAN
Mobile Banking Using SMS plus USSD Push
USSD App.Server
VASServer
mBankingServer
(a) Send SMS “SND 017125126446 2000”
to short code 16222.
SureCashSystem
(b)
Customer
Bank
Works with all GSM operators.End-to-end security using own USSD gateway.
Teletalk
SureCash Send Money:
To: 017125126446Amount: 2,000.00 taka
Enter PIN to confirm.
(c) Push USSD Message
Financial Inclusion Using Mobile Banking in Bangladesh
Total population
Mobile coverage (60%)
Banked – now (15%)
Mobile banking
National ID card
Financial awareness from micro-credit
Very large inward foreign remittance &
2 million garments workers
Encouragement from Bangladesh Bank
BTRC aligned with central bank
Withdrawal at Agent Using USSD
Request Withdrawal
Request
Commit
Agent
Customer
mBanking Platform
Wallet Value
Agent
Customer
Fees
Commission
- 1000
+ 1000
2 Get Confirmation
Notify
Database
5
1
llll {ll]
*5678#
OK Clear
Llll {ll]SureCash Mobile Banking1 Withdraw Customer Cash 2 Deposit Customer Cash 3 Open Account4 Bank Cash-in5 Bank Cash-out7 Check Balance8 Report Available Cash9 Change PIN
Reply Cancel
llll {ll]1
OK Cancel
llll {ll]
Withdraw customer cash -
Please enter customer wallet number:
Reply Cancel
llll {ll]017125126446
OK Cancel
Llll {ll]
Please enter amount to withdraw:
Reply Cancel
Llll {ll]
5000
OK Cancel
Llll {ll]
Processing…Wallet: 017125126446Amount: 5,000 takaPlease enter PIN to proceed:
Reply Cancel
Llll {ll]
56455
OK Cancel
Llll {ll]
Transaction successful:Wallet: 017125126446Amount: 5,000 takaTXN ID: P000123Current balance: 30,440.10 taka
OK Cancel
Llll {ll]
Withdraw cash request –
Amount: 5,000 takaPlease enter PIN to confirm:
Reply Cancel
Llll {ll]
45637
OK Cancel
Llll {ll]
Transaction successful:Amount: 5,000.00 takaTXN ID: P00000000123Please receive cash from agent.
Current balance: 17,440.90 taka
OK Cancel
Notify
Confirmed
6a
4
3
Pay Cash
6b
7
Processing…
Wallet: 017125126446Amount: 5,000.00 taka
Please enter PIN to proceed:
Please enter amount to withdraw:Withdraw customer cash -
Please enter customer wallet number:
SureCash Mobile Banking
1 Withdraw Customer Cash 2 Deposit Customer Cash 3 Open Account4 Bank Cash-in5 Bank Cash-out6 A2A Money Transfer7 Check Balance8 Report Available Cash9 Change PIN
Withdraw cash request -
Amount: 5,000.00 takaPlease enter PIN to confirm:
Thanks for your attention
Informationwww.socialtrade.orgwww.cyclos.orgwww.progoti.com
[email protected]@[email protected]
Thank you!