IMCL Core Banking
A modern core banking platform for licensed microfinance banks.
Automating the full banking lifecycle, from account opening and deposits to lending, treasury, payments, HR, and CBN regulatory reporting, on a single, secure, auditable platform.
Built and maintained in-house, not a reseller of third-party white-label systems, so customization and regulatory updates move fast.
Deep working knowledge of CBN, NDIC, and NIBSS requirements, with hands-on integration experience across NPS and the ISO 20022 migration.
The problem
- Manual, spreadsheet-driven processes that can’t keep pace with CBN reporting deadlines.
- Fragmented systems making real-time NPS transfers and reconciliation hard to manage reliably.
- Compliance teams spending excessive time on manual KYC/AML and CBN MMFBR/FinA returns.
- Poor visibility into portfolio-at-risk (PAR), GL reconciliation, and branch performance.
- Costly, downtime-prone on-premise infrastructure.
Modules
| Module | Key functions |
|---|---|
| Customer Relations | Customer 360 view, relationship officer assignment, service requests |
| Compliance | KYC Review, AML Monitoring, Session & Audit trail |
| Operations / Tellers | Account Opening, Teller Till Management, Call-Over Report, Payments (Internal, NPS, NEFT, Bulk, Standing Orders) |
| Credit / Loans | Loan Application, Approval Workflow, Repayment Scheduling, Product-to-GL Mapping |
| Treasury | Treasury Management, Fixed Deposits, Instruments, Interbank Placements |
| Account / Finance | Chart of Accounts, Journal Entries, GL Reports & Reconciliation, Fixed Assets |
| HR | Payroll, Employee Records |
| Reports (Managers) | Management Reports, PAR Dashboard, CBN Returns, Borrower’s Report |
| IT Admin | System Settings, User Management, Role-Based Menu Access, EOD Processing |
Deployment options
IMCL provisions, secures, backs up, and maintains the platform on enterprise-grade cloud infrastructure. High availability without running a data centre.
Installed on infrastructure owned and controlled by your institution, for banks that require data residency on their own premises.
Key features
Real-time NIBSS NPS payments today, with an NPS routing layer ready for the ISO 20022 migration.
Double-entry general ledger with automatic GL posting on every transaction.
Role-based access control (RBAC) with a full, immutable audit log.
Built-in CBN regulatory reporting: MMFBR, FinA, PAR dashboard, Borrower’s Report.
KYC/AML compliance workflows with dedicated review and monitoring queues.
Loan origination through repayment, with automated product-to-GL mapping.
Treasury, fixed deposits, instruments, and interbank placement tracking.
Implementation Timeline
- 1Discovery & Requirements MappingWeek 1–2
- 2Configuration & Data MigrationWeek 3–5
- 3Integration (NIBSS NPS, ATM/POS, CBN templates)Week 4–7
- 4User Acceptance Testing & TrainingWeek 6–8
- 5Go-Live & SupportWeek 8+
Indicative timeline: 6–10 weeks from contract signing to go-live, depending on data volume and the integrations selected.