The University of Nairobi (UoN) and Barclays Bank of Kenya (BBK) today, launched Host-To-Host, an automated seamless cash management system which will serve students and other stakeholders by hastening payment processes in the University.
While launching the programme at the University of Nairobi, BBK Managing Director, Jeremy Awori said that this was the first collaboration of its kind in the market and that the development creates a win-win situation for both institutions in that the students will have access to first-class service from their finance office and the bank is able to showcase the impact of technology and banking convergence to the business.
Host-To-Host is part of the University’s digitization programme that ensures end-to-end integration between UON’s treasury system and the bank system, resulting in a decrease of errors and rejects that result from manual collections and payments processes. The unique system is also flexible and accommodates mobile payments available from Barclays. Host–To-Host which is embedded in the Barclays Integrator (the bank’s Internet Banking solution), enhances transparency, security and high standards of accountability through readily available information that is also credible for audit purposes.
The Vice-Chancellor, UoN, Prof. George Magoha, said that the University and Barclays Bank have had a great working relationship with mutual benefits. He noted that the new solution will enable students pay fees at any of the BBK channels and receive auto receipts for their fees as well as automatic updates on their account status on the student portal. The move will bolster efficiency across the various departments in the University considering all the processes will be interconnected with the Finance Office.
During the meeting, the managers from the University and Barclays Bank also discussed possible areas of collaboration that would not only cement the partnership with the University of Nairobi, but also create new opportunities for Barclays to meet its customers’ growing need for customized solutions that are aligned to their business model.