13th July 2017: ABC Bank has launched fully automated clearing system that will speed up cheque processing significantly for customers, hence hastening payments and improving business efficiency.
Sybrin is a flexible and more robust solution for high-speed documentation imaging and transaction processing and will enable the bank to provide its customers with instant account transaction updates, a departure from the past where customer accounts would be credited the following day after the transactions. It eliminates a bulk of manual processes associated with older clearing systems.
The migration to the new is part of the bank’s continuous upgrade plans to enhance efficiency in service delivery to customers.
“ABC Bank continues to invest in new systems and solutions like Sybrin that support the changing needs of the banking customer. We acknowledge that in the fast-paced world we live in today, speed and convenience are key customer expectations,” ABC Bank Head of Operations Elizabeth Kimani said.
Sybrin clearing system facilitates the processing of cheques, electronic funds transfers (EFTs), direct debits, standing orders, salary processing among others.
Ms. Kimani added: Cheques and other traditional settlement instruments remain important components in payments, especially among business customers; as such, we deem it important to make them as convenient as new-age systems of payment hence the investment in the upgrade.