DIGITAL BANKING SERVICE
Safe, Efficient, Comprehensive
Table of content
Click to go to respective section.
Summary
Our company increase the profitable of banks by taking on the last profitable customer segments, automating operations, increase the remitance wallet and share revenue from microlending.
Overview
SANCTUM manages the least profitable retail accounts and bcomes a super cusmoter for corporate accounts.
Problem
Governments aim to financially including the unbankable. These accounts have low profitabailitiy.
SOLUTIONS
Recommendation 1
Fot the underbanked (already with cards), we offer partnership with banks and telecom remittance, buy now pay later & acquiring leads profits.
Recommendation 2
For the unbanked (new labor), SANCTUM handles enrollment in a closed loop system that offers all basic banking services at lower cost: remittance leads profits.
Recommendation 3
SANCTUM starts leanding its own money possible lending of bank funds: microlending leads profit.
STRUCTURE
3rd party suppliers
- ATM / POS domestic networks
- Foreign exchange
- WPS Employers
- Loan Book
Sanctum's Services to Client Bank
- Manage enrollment, customer service
- Manage Master Account
- Manage Master Loan Book
- Manage data security, user security / biometrics
- Manage user network
- Set-up / manage user accounts, payments , loans
- Compliance / KYC / AML
- Processing (payments, cards, loans)
- Loan approvals per bank under writing standards
Full financial inclusion for citizens or migrant labor
- Accounts / wallet / prepaidcard
- Disbursement
- Loans
- Remittance
- Buy Now Pay Later
- Acquiring
SERVICES AND PRODUCTS
PRODUCTS (TO CUSTOMERS)
An account
Prepaid
Card
Wallet
BNPL
Microloans
Remittance
SERVICES (TO BANK)
Card
Management
Automated
compliance
Automated loan
disbursement
Payroll
Disbursement
ROLES IN THE FINANCIAL ECOYSYSTEM
Issuing
Bank
Takes deposits ( debit ), Card printing, issuing, card sales
Acquirer Bank
Hold merchants accounts, debits/credits, based on instructions from acquirer services
Card
Holder
Uses card at cash out centers or retail merchants for cash or goods
Merchant Exchange
Office accepts card/ bill payments surrenders goods or cash
Scheme
Sets rules for issuance, acceptance, logo/branding and instructs processing
Settlement
Debits/credits issuer and acquirer banks , based on clearing files
Processing
Switches, clears, and settles transactions within system and between banks
Acquirer Service
Offers POS devices and account mgmt. services to merchants
GENERAL
CUSTOMER EXPERIENCE
Visit an Enrollment Center
Card Encoding
Visit an Biometric De-duplicationCenter
ID and Biometrics
Biometric card option for high risk markets
Payroll Disbursement and Microloans Model
Payroll disbursement
1.
Employer Payroll uploads salary file to system
2.
Employer virtual account is debited by salary account
3.
Loan payment deducted from Virtual Cardholder credited to Funder's account less fees
4.
Card holder's virtual account credited with Salary balance
1.
Sanctum defines rules and eligibility and white lists Customers , then informs
2.
Cardholders apply for loan
3.
Sanctum debits funder account and credits holder account
Automated microloans
Remittance Now
Sanctum Remittance
Sanctum disburses salary into card, wallet, and Pool account
PARTNERSHIP
- Customer Service
- Card As a Service
- Software as a service
- Product development
- International Mareketing
- Connections and gateways
PARTNER
- Customer Base
- Isssuing and Printing Cards
- Hardware
- License
- Branch Network
PROPOSED
TIMELINE
PHASE 1
DISCUSS AGREEMENT WITH BANK AND TAILOR BUSINESS MODEL ESTABLISH A LOCAL ENTITY FOR OPERATIONS 3 MONTHS
PHASE 2
SIGN AGREEMENT WITH BANK ACTIVATE APP FOR THE UNDERBANKED ESTABLISH CLOUD STORAGE IN COUNTRY 6 MONTHS
PHASE 3
START ENROLLMENT OF THE UNBANKED AND MARKETING THE APP