Blog Archives: Industry

Craft Silicon Blog Archives

Agri Finance

challenges in agri finance High cost associated with enterprise level software implementation Lack of software that services the agri-finance players, big or small Business growth

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SACCO

Challenges in adopting SACCO solutions Standalone architecture leads to software integration issues Business expansion limited by lack of multi-currency, multi-language and multi-channel facilities Cybersecurity concerns

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Fund Management

Challenges in ensuring efficient fund management Decision-making impacted by lack of real-time data Insufficient automation tools for high efficiency processing Poor security levels for access

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Merchant

Challenges in adopting merchant services Lacks access to variety of payment options Lack of business channels to interact with the merchant Poor KYC processes without

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Microfinance

Hurdles In Microfinance Growth Lack of innovations especially in mobile applications Inflexibility in the software system to accommodate multiple products Scope to enhance system efficiency

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Banks

Challenges inherent in implementing best practices in banking Timely compliance with regulatory changes Limited availability of integrated banking software High cost of software implementation Fear

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