430,000 new accounts without any new branches
Microfinance has radically changed millions of lives across the developing world but, as these Micro Financial Institutions (MFIs) scale up to provide literally millions of loans they must also interface with the established banking sector, operating to the same standards as conventional financial institutions. With no consistent technical infrastructure, and a lack of timely, accurate information, an MFI’s credibility among customers and the financial institutions becomes a fragile commodity.
IBM has developed an affordable software solution, Mifos, that is simple, flexible, easy to maintain, and runs on range of existing hardware platforms. It’s designed to track hundreds of thousands of transactions, simultaneously and in real time, without the need for additional infrastructure or building new bank branches. And it’s already helped one MFI grow from 70,000 to 500,000 customers in just a short timeframe, setting them up to reach 2 million in the next few years.
50% more oil without drilling
Worldwide energy consumption is expected to grow 53 percent between 2008 and 2035, with most of that energy being supplied by oil and gas. The oil and gas industry, however, is risky, highly political and wildly expensive, pushing exploration even farther afield into more remote and inaccessible locations. Ultimately, this means the companies involved have to become more efficient and manage more complexity than ever before.
One oil company’s decision to expand its primary, land-based properties, into offshore locations reflected this new reality. With the help of IBM, this company increased its offshore drill success rate to 50 percent—against an industry average of 20 percent—by optimizing advanced seismic information and utilizing new technologies.
182 million new customers without any new IT systems
A late entrant to the wireless telecom industry needed a plan to take market share from established competitors in a rapidly growing market, forcing them to look at a completely new business-driven infrastructure that allows for rapid implementation and delivery of new services.
IBM was able to help transform its processes and take on the management of its IT infrastructure. A new platform allows the company to integrate its channels and customer-facing processes for a more seamless customer experience, higher customer satisfaction, and more profitable growth - to the tune of 1.5 million new customers, every month, more than 57 million customers and US$4.2 billion in annual revenue.
125,000 documents without paper
The library of a major university in Egypt, home to thousands of documents and manuscripts pertaining to Islamic culture dating back hundreds of years, wanted to find a secure way to digitally preserve and share its information with students and researchers worldwide.
The library created a centralized platform for all its data, by implementing IBM System x servers, IBM System Storage devices and IBM Enterprise Content Management software. By improving accessibility and manageability, the library can now preserve and publish hundreds of thousands of critical texts to share with the entire world.
$100 million in payments every day without a bank
In developing markets, where many citizens do not have bank accounts, moving money around can be a challenge. Especially when retail banking outlets are scarce. We helped one country’s leading mobile network operator develop a mobile banking system which allowed individuals to move funds simply by sending a text message, and then going to one of thousand local agents to redeem.
Since its launch in 2004, the popularity of this mobile banking system has been incredible, with $100M in transactions being processed every day. And their services have expanded to include a cashless and cardless method of facilitating money remittance, donations, loan settlement, disbursement of salaries or commissions, and payment of bills with just a text message.
IBM Kenya Office Address :
4th Floor, Atrium Building
Cnr Chaka and Lenana Road,
Kilimani, Nairobi, KENYA 00200
Inside Sales Rep – Client Sales Kenya
+254 735 561 620
Inside Sales Rep – Client Sales Kenya
+254 721 597 276