Home Business Barclays Bank and the University of Nairobi (UoN) Unveils Host-To Host Cash Management System

Barclays Bank and the University of Nairobi (UoN) Unveils Host-To Host Cash Management System

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Barclays Bank and the University of Nairobi (UoN) Unveils Host-To Host Cash Management System

Over 60,000 Students of Kenya’s largest public University (the University of Nairobi) will now pay their school fees conveniently through Host-To Host, an automated seamless cash management system that was unveiled by Barclays Bank in partnership with the University of Nairobi (UON).  the current manual and labor-intensive payment processes.

The system which is part of the University of Nairobi’s ambition of digitization aimed at ensuring end-to-end integration between institution’s treasury system and the bank system. Amongst other advantages, Host-to-Host system will reduce errors and rejects that emanate from current manual collections and payments processes at the institution. Host-To Host Cash Management System is designed with flexibility to accommodate mobile payment solutions available from Barclays Bank.

The system is embedded within Barclays Integrator (the bank’s Internet Banking solution), to enhance transparency, security and high standards of accountability through readily available information that is also credible for audit purposes.

During the signing ceremony, Barclays Bank Kenya’s Managing Director Mr.  Jeremy Awori noted the collaboration was first of its kind in the current market since it cements their partnership with the University of Nairobi and also creates new opportunities both for Barclays to meet its customers’ growing need for customized solutions that are aligned to their business model.”

He also added that Host-to-Host cash management system created a win-win situation for both institutions; while the students will have access to first-class service from their finance office, as a bank, Barclays was able to showcase the impact of technology and banking convergence to the business.

On his part, University of Nairobi’s Vice Chancellor Prof George Magoha, said the partnership will enable students pay fees at any of the Barclays channels and receive auto receipts for their fees as well as automatic updates on their account status on the student portal.

“Without doubt, this will bolster efficiency across the various departments in the university considering all our processes at the University are interconnected with the finance office,” noted Prof Magoha.

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