core module
Double-entry ledger
Every posting balances by construction. Immutable, append-only, queryable back to opening.
Now in beta with selected SACCOs
Core Banking
Core Banking
for SACCOs that refuse to stay behind.
We help you move off legacy systems without touching live operations. Your data migrates clean, your staff learn fast, and your members notice nothing except things getting better.
TRUSTED BY LEADING INSTITUTIONS · HOVER FOR DETAIL
Vuka SACCO
Savings & Credit
·
Highland Microfinance
Digital Lending
·
Beacon Cooperative Bank
Full Core Migration
·
Fahari Capital
Asset Finance
·
Jenga SACCO
Transport Financing
·
Amani Trust
Employee Benefits
·
Ridge Microfinance
Agri-Lending
·
Sanaa Digital
Digital-Only Bank
·
core.fobotechnologies.co.ke/credit
core.fobotechnologies.co.ke/exposure
core.fobotechnologies.co.ke/dashboard
01 · PLATFORM
The complete core banking engine.
Every module writes to the same double-entry core. No reconciliation jobs stitching accounting, savings, and loans back together at month end.
Real-time settlement
MPESA, RTGS and inter-SACCO transfers settle as they clear, not on a nightly batch.
→ settlement engine
Loan & savings products
Configure interest, penalties, and terms without shipping code.
→ product studio
Multi-guarantor loans
Guarantor limits and exposure tracked per member, before a loan is approved.
→ credit engine
Automated dividends
Dividends and interest on deposits computed and paid out to MPESA via FOBO Control.
→ year-end
API-first integration
REST & webhooks for every ledger event. Build your own mobile app or core screens.
→ dev portal
Fraud & anomaly detection
Velocity checks and pattern rules score every posting in-line, before it hits the ledger.
→ security layer
02 · SASRA PROVISIONING
Your PAR, before the regulator asks.
Every night, every loan is reclassified from its days in arrears and the provision is recomputed. Monday's board pack is already right on Friday.
- Portfolio at risk
- 0%
- Provision required
- 0M
Figures from a beta SACCO portfolio of 67 facilities.
Classification rules
recomputed 02:00 EAT
TierDays in arrearsProvision
Performing
0 days
1%
Watch
1–30 days
5%
Substandard
31–180 days
25%
Doubtful
181–360 days
50%
Loss
360+ days
100%
Default bands shown. Thresholds and rates are configurable to your policy and SASRA guidance.
03 · MIGRATION
A cutover your members never notice.
Typical timeline; your plan is set after a data assessment.
-
Map
We map your chart of accounts, products and member records from the legacy core.Week 1–2
-
Migrate
Balances, loans, guarantors and history load clean, with every figure tied back to source.Week 3–4
-
Parallel run
Both systems run side by side until every balance matches. Staff train on live data.Month 2
-
Cut over
Switch on a quiet weekend. Members keep their numbers, Paybill and USSD.Within a quarter
04 · SECURITY
Cut like a foundation stone,
not poured like concrete.
An ashlar block is dressed and fitted before it ever bears weight. Our ledger works the same way: every account, posting rule, and integration is verified before it touches a real balance.
defense in depth
Zero-trust security
AES-256 at rest, TLS 1.3 in transit, hardware-backed key storage per tenant with continuous monitoring
and automated threat response.
99.99% uptime
SOC 2 Type II
ISO 27001
Immutable audit trail
Every posting, override, and reversal is logged with actor, reason, and timestamp, permanently.
→ tamper-evident
Role-based access
Teller, supervisor, and auditor roles enforced at the API layer, not just in the UI.
granular
scoped
auditable
Real-time threat detection
Anomaly detection and pattern recognition score every posting in-line, before it hits the ledger.
● real-time · 24/7 monitoring
Enterprise-grade compliance
Built for regulated financial institutions from day one.
ISO 27001
PCI DSS L1
SASRA
Data: KE
0%
Ledger uptime, 12 mo
0ms
Posting to settlement
0B
Monthly volume (KES)
0
SACCOs & lenders
Move your ledger off the legacy core.
Talk to our team about a parallel-run migration. Most institutions cut over within a quarter.
no obligation
parallel-run migration
cutover in 1 quarter
05 · FAQ
Before you ask.
What is FOBO Core Banking?
FOBO Core Banking is an immutable double-entry core banking system for SACCOs and cooperatives in Kenya. It manages members, FOSA and BOSA savings, shares, loans with multiple guarantors, dividends and SASRA-aligned provisioning on a single ledger.
How does SASRA loan classification work?
Every loan is reclassified nightly into Performing, Watch, Substandard, Doubtful or Loss based on days in arrears, and the required provision is calculated automatically, so the portfolio-at-risk figure is always current.
How are guarantors handled?
Loans can carry multiple guarantors. Each member's gross exposure (what they owe plus what they have guaranteed for others) is tracked against their deposits, so concentration risk is visible before it becomes a loss.
How do we migrate from our current system?
We run FOBO Core Banking in parallel with your legacy core, reconcile the two until every balance matches, then cut over. Staff are trained during the parallel run and members notice nothing.
Is FOBO Core Banking available now?
FOBO Core Banking is in beta with selected SACCOs. Join the waitlist and our team will contact you about onboarding.