Core Nexus: Core Banking Systems for SACCOs Training Course

Introduction

A robust and modern core banking system is the foundational technology that drives a SACCO's efficiency, security, and ability to serve its members effectively. This specialized training course is designed to equip leaders and technology professionals with the strategic knowledge and practical tools to navigate the complex process of selecting, implementing, and managing a new core banking solution. By choosing the right system, SACCOs can automate processes, enhance data integrity, and create a scalable platform for future growth.

This intensive program offers a clear and actionable roadmap for the entire core banking system lifecycle, from initial needs assessment and vendor evaluation to data migration and post-implementation support. Participants will gain the skills to manage project timelines, mitigate risks, and ensure a seamless transition that minimizes disruption to daily operations. This is an essential course for any SACCO committed to innovation, operational excellence, and building a resilient and future-proof financial institution.

Duration 5 days

Target Audience This course is for SACCO IT managers, operations managers, project managers, digital transformation officers, and senior executives responsible for strategic planning and technology.

Objectives

  • To understand the fundamental principles and business drivers for a new core banking system.
  • To master a systematic approach to conducting a comprehensive needs assessment.
  • To develop and apply a comprehensive framework for selecting and evaluating vendors.
  • To understand the critical phases of a core banking system implementation project.
  • To design a proof-of-concept for a secure and integrated system.
  • To identify and mitigate specific risks associated with data migration and system integration.
  • To create a robust framework for managing change and training staff and members.
  • To ensure all systems and processes comply with regulatory and ethical standards.
  • To analyze the financial performance and operational efficiency of the new system.
  • To champion a culture of continuous improvement and digital leadership.

Course Modules

Module 1: The Foundations of Core Banking Systems

  • The business case for modernizing a core banking system.
  • The key components of a core banking system.
  • The benefits of a new system: efficiency, security, and member service.
  • The risks of using outdated or manual systems.
  • Case studies of successful core banking system implementations.

Module 2: Needs Assessment & Vendor Selection

  • The process of conducting a comprehensive needs analysis.
  • Creating a detailed request for proposal (RFP).
  • How to evaluate vendors based on functionality, support, and cost.
  • The importance of a vendor demonstration and reference checks.
  • Negotiating a contract with a chosen vendor.

Module 3: Project Management & Implementation

  • The principles of project management for IT implementation.
  • Creating a detailed project plan with timelines and milestones.
  • The importance of defining clear roles and responsibilities for the project team.
  • The role of a dedicated project manager.
  • Strategies for managing project scope and budget.

Module 4: Data Migration & Integration

  • The principles of data migration and its challenges.
  • The process of cleaning, transforming, and validating data.
  • Strategies for minimizing data loss and ensuring accuracy.
  • The importance of integrating the core system with other platforms (e.g., mobile banking).
  • The role of a data migration strategy and a trial run.

Module 5: Security & Risk Management

  • The unique security risks of a new core banking system.
  • Developing a robust cybersecurity policy.
  • Best practices for managing user access and permissions.
  • The importance of a clear and transparent dispute resolution process.
  • Ensuring compliance with data privacy regulations.

Module 6: Policy & Governance

  • The board's role in approving the new core banking system.
  • Essential components of a comprehensive core banking manual.
  • Defining clear roles and responsibilities for managing the systems.
  • The importance of a regular policy review and revision process.
  • Aligning system policies with regulatory and legal requirements.

Module 7: Training & Change Management

  • The importance of a comprehensive training plan for staff and members.
  • The role of a change management strategy.
  • How to communicate the benefits of the new system to members.
  • The process of training front-line staff and back-office personnel.
  • Creating a support system for post-go-live issues.

Module 8: System Testing & Quality Assurance

  • The importance of a comprehensive testing plan.
  • The different types of testing (e.g., user acceptance, performance).
  • The process of creating test scripts and scenarios.
  • The role of a bug tracking system.
  • The importance of a go-live checklist.

Module 9: Post-Implementation Support & Maintenance

  • The principles of system maintenance and upgrades.
  • The importance of a service level agreement (SLA) with the vendor.
  • The process of managing bug fixes and new feature requests.
  • The role of a system administrator.
  • Strategies for managing ongoing system performance and health.

Module 10: Capstone Project: A Core Banking Implementation Plan

  • Participants will work in teams to design and present a core banking implementation plan.
  • They will conduct a needs analysis, select a mock vendor, and develop an implementation plan.
  • Teams will present their proposal to a mock "Technology Committee," discussing ROI and member benefits.
  • This module provides a hands-on opportunity to apply the concepts from all modules.
  • The project prepares participants to successfully launch a new core banking system.

CERTIFICATION

  • Upon successful completion of this training, participants will be issued with Macskills Training and Development Institute Certificate

TRAINING VENUE

  • Training will be held at Macskills Training Centre. We also tailor make the training upon request at different locations across the world.

AIRPORT PICK UP AND ACCOMMODATION

  • Airport Pick Up is provided by the institute. Accommodation is arranged upon request

TERMS OF PAYMENT

Payment should be made to Macskills Development Institute bank account before the start of the training and receipts sent to info@macskillsdevelopment.com

For More Details call: +254-114-087-180

 

Core Nexus: Core Banking Systems For Saccos Training Course in Finland
Dates Fees Location Action
06/10/2025 - 10/10/2025 $1,750 Mombasa
Physical Class Online Class
13/10/2025 - 17/10/2025 $1,500 Nairobi
Physical Class Online Class
27/10/2025 - 31/10/2025 $1,500 Nairobi
Physical Class Online Class
03/11/2025 - 07/11/2025 $2,900 Kigali
Physical Class Online Class
10/11/2025 - 14/11/2025 $1,500 Nairobi
Physical Class Online Class
24/11/2025 - 28/11/2025 $1,500 Nairobi
Physical Class Online Class
01/12/2025 - 05/12/2025 $1,500 Nairobi
Physical Class Online Class
08/12/2025 - 12/12/2025 $1,750 Mombasa
Physical Class Online Class
05/01/2026 - 10/01/2025 $1,750 Mombasa
Physical Class Online Class
19/01/2026 - 23/01/2026 $1,500 Nairobi
Physical Class Online Class
26/01/2026 - 30/01/2026 $1,500 Nairobi
Physical Class Online Class
02/02/2026 - 06/02/2026 $4,000 Pretoria
Physical Class Online Class
16/02/2026 - 20/02/2026 $1,500 Nairobi
Physical Class Online Class
23/02/2026 - 27/02/2026 $1,500 Nairobi
Physical Class Online Class
02/03/2026 - 06/03/2026 $1,750 Mombasa
Physical Class Online Class
09/03/2026 - 13/03/2026 $1,500 Nairobi
Physical Class Online Class
23/03/2026 - 27/03/2026 $1,500 Nairobi
Physical Class Online Class
06/04/2026 - 10/04/2026 $4,950 Dubai
Physical Class Online Class
13/04/2026 - 17/04/2026 $1,500 Nairobi
Physical Class Online Class
20/04/2026 - 24/04/2026 $1,500 Nairobi
Physical Class Online Class
04/05/2026 - 03/05/2026 $1,750 Mombasa
Physical Class Online Class
11/05/2026 - 15/05/2026 $1,500 Nairobi
Physical Class Online Class
18/05/2026 - 22/05/2026 $1,500 Nairobi
Physical Class Online Class
01/06/2026 - 05/06/2026 $2,900 Kigali
Physical Class Online Class
15/06/2026 - 19/06/2026 $1,500 Nairobi
Physical Class Online Class
22/06/2026 - 26/06/2026 $1,500 Nairobi
Physical Class Online Class