Many don’t know the true origins of the Mpesa (read it here ) service offered by Safaricom which has been a runaway success for Micheal Joseph and crew… a true cash cow.
How do you, after all, beat a success like M-PESA? Iceni assured me that M-PESA was just the beginning. Using the mobile as a platform, Iceni plan to create developmental services that penetrate other spheres —m-health, agribusiness. They further predicted that the mobile will soon begin to revolutionize these other spaces as well. This is a very exciting proposition. If the mobile phone can penetrate and transform financial sector, which is dominated by old and powerful players, imagine what it can do in these other spaces – Olga Morawczynski
What matters is that a scion from the development house that brought Mpesa to life – Sagentia ,a technology consultancy firm based out of Cambridge has spun off a new service dubbed RedCloud under Iceni Mobile. RedCloud is being positioned as the financial hub for emerging markets and word is that the tools and feature sets will rock Mpesa and its cousin Mkesho. From what I have picked up, they are looking at a mix of mobile money aggregation and mobile banking, with the issuance of loans to young entrepreneurs being a key strategy. I gather they have been courting all manner of micro-finance institutions…and not just in Kenya as they get set for the market roll-out.
RedCloud’s purpose is to be the leading provider of cloud computing technology to financial and associated services in emerging markets. The RedCloud team hope know that their platform will have a significant positive impact in bringing financial end economic benefits the world’s 4 billion under banked that include over 50 million young Entrepreneurs.
The Iceni team behind RedCloud is quite formidable and I look forward to seeing how they roll out the product. Their profiles in a snapshot:
Lesley-Ann: Product Manager for Iceni Mobile’s Services division
Previous to her current role at Iceni Mobile, Lesley-Ann was a senior consultant at Sagentia since September 2001, working on the M-PESA Money Transfer Platform for Vodafone, 4 years 2005-2009. Ms. Vaughan was initially part of a core team of 5 people working on developing the pilot, which was run in Kenya from October 2005 until October 2006. Her initial responsibility lay with delivering the back-end administration website; however she was involved in all aspects of the product development and pilot roll-out given such a small team.
For a full launch, there was significant effort to make the system production-ready. Lesley-Ann was responsible for specifying, designing and developing a business-process oriented view of the administration website. Closer to full market launch, Ms Vaughan’s role on the project turned to that of product introduction in-market. She ran training sessions with the core team in Kenya, to introduce them to the back-end functionality and business processes, and helped them develop their procedures to run the M-PESA system. Post-launch, she managed the various operational issues that occurred due to providing a managed service of this nature, and was personally part of the 24-7 on-call team.
Dr Warren Carew – Chief Technical Officer
He joined Iceni Mobile in February 2009 as CTO for the Services division.Prior to joining Iceni, Dr. Carrew was the Technical Lead and Architect within the Managed Services Division of Sagentia Ltd. Warren had been Sagentia’s chief technical architect on the Vodafone Money Transfer project, aka M-PESA in Kenya and Tanzania and M-Paisa in Afghanistan and India.
Karl Prince – Development Manager, joined Iceni Mobile in May 2009 as Development Manager for the Services Division. Prior to joining Iceni, Karl was the Project and Deployment Manager for MPESA within the Managed Services Division of Sagentia. In this capacity Karl was responsible for deploying mobile payments platform in India, contributing to requirements gathering, and coordinating in-country and local deployment teams.
Elizabeth Galpin – Program Manager has in the last 2 years worked for Sagentia on the M-Pesa project as the Development Manager initially employed to project manage the planning and deployment of the product and new releases to new and existing countries
RedCloud is a secure technology platform that organizations and customers across the world can use to deliver and access financial services over the internet. As RedCloud is available online and worldwide, organisations can use the platform to provide services on any device with internet access, such as mobiles and computers.
So, not only can organizations reach customers quickly and reduce the costs of delivering solutions. Customers also gain instant access to banking, loans, savings and insurance services wherever and whenever they want.
It is designed to deliver many financial services, including:
* Basic life and funeral insurance
* Customer management
* Collections and recoveries
* Risk management
* Liquidity management
* Agent and reseller operations
RedCloud is compatible with a wide range of devices and interfaces, including:
* Mobile devices
* Automated Teller Machine (ATM) networks and switches
* National banking networks
* Payment and remittance networks
* Credit bureaus
* Property applications
* Reporting applications