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BANK OF INDUSTRY- REQUEST FOR EXPRESSION OF INTEREST FOR THE PROVISION OF A MICROCREDIT CORE BANKING SYSTEM

BANK OF INDUSTRY
REQUEST FOR EXPRESSION OF INTEREST FOR THE PROVISION OF A MICROCREDIT CORE BANKING SYSTEM

The Bank of Industry is embarking on a series of projects providing loans to MSMEs across Nigeria.

To support this initiative, the client is seeking to engage the services of qualified entities with extensive and verifiable experience in the below-listed services and capabilities.

SCOPE OF WORK
Eligible firms will be required to provide the following capabilities:
a. Ability to create credit products and define product terms
b. Receipt of electronic credit applications, including KYC validation
c. Ability to support automated and human approvals of credit applications
d. Automatic credit assessment reviews
e. Ability to disburse to bank accounts of all 22 commercials banks, microfinance institutions, and other financial institutions
f. Creation and management of ledgers and loan positions of millions of candidate
g. Ability to integrate and support a variety of repayment channels with data provision on debt amounts, loan position updates, and reconciliations
h. Ability to integrate and report into other core banking applications
i. Ability to support and integrate into mandated 3rd-party applications for the purpose of data querying and update
j. Ability to produce separate financial statements per fund (credit product) managed by the application, or consolidated account funds

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