Premier Bank Kenya signs Avanza Solutions for its Novus Suite.

Premier Bank Kenya inks an agreement with Avanza Solutions for their Novus Suite. Novus is an agile switching solution that allows financial institutions (FIs) to process financial transactions from various channels, such as automated teller machines (ATMs), cash deposit machines (CDMs), point-of-sale (POS) Terminals, and other electronic channels. Novus streamlines the transaction processing system, enhances security, reduces operational costs, and offers banks to facilitate their customers with more convenient banking options, resulting in an improved customer banking experience across all alternate delivery channels (ADCs).

Novus Suite by Avanza Solutions (Pvt.) Ltd. is a robust switching solution that centralizes any financial institution (FIs) and promotes the use of various electronic channels like; automated teller machines (ATMs), cash deposit machines (CDMs), point-of-sale (POS) Terminals, and others to carry out their transactional activities by being seamlessly integrated into any core banking infrastructure. It enables FIs to reduce the need for manual intervention, which reduces the risk of errors/delays and improves profitability. Novus ensures customer satisfaction and reduces customers' risk of switching to other banks.

1. Core Banking
2. Interswitch (Country Switch in Kenya)
3. 3D Secure
4. CCI Interface
5. Mobile Wallet
6. Cardless Withdrawal
7. POS TMS
8. Tokenization (MDES)
9. Payment schemes - MasterCard and Visa
10. E- Reconciler 
11. SMS and Email Gateway
12. Payment Gateway
13. Fraud Management System
14. Card Management System