Request for Expression of Interest at China Dasheng Bank Ltd

Request for Expression of Interest at China Dasheng Bank Ltd

Read here information about the Request for Expression of Interest at China Dasheng Bank Ltd

REQUEST FOR EXPRESSION OF INTEREST
PREQUALIFICATION FOR THE SELECTION OF A CORE BANKING SYSTEM

China Dasheng Bank Ltd wishes to engage interested and qualified Original Equipment Manufacturers (OEMs) / Authorized partners for Core Banking Systems to bid for the prequalification for the selection of a Core Banking System (CBS).

The Core Banking System should be able to facilitate seamless and consistent interaction between customers and the bank across multiple channels such as web portals (Internet banking), mobile applications, and other available channels. The CBS should support all integrations to all regulatory and compliance bodies.

Interested OEMs / Authorized partners should provide information demonstrating that their Core Banking System is scalable and supports the following functionalities and capabilities, but not limited to:

Accounts Management: Creating, managing, and maintaining customer accounts.
Transaction Processing: Managing transactions like deposits, withdrawals, transfers, and payments.
Customer Information Management: Storing and managing customer personal information.
Loan Management: Managing loan applications, approvals, disbursements, and repayments.
Deposit Management: Managing deposit accounts, including savings, current, and fixed deposits.
Omni-Channel Support: Providing seamless, integrated banking experience across all channels including Mobile, internet, agency, messaging platforms, and branch banking.
Reporting and Analytics: Generating various reports and analytics for business insights and regulatory compliance.
Security, Administration, and Authentication: Ensuring secure access, authentication, and authorization for users.
Integration with Other Services: Integration services for ATM, Mobile banking, internet banking, agency banking, and all regulatory compliance platforms.
Development Workbench: Providing a framework with extensive combination of GUI and command line tools to make changes on core modules and other micro-services architecture.
Customer Support: Integrated support through emails, chatbots, or phone.
Treasury & Trade Finance Management: Managing treasury financial operations and investments.

In consideration of the above, the bidder is expected to demonstrate that:

a) The core banking system (CBS) software should not have less than 8 Core Banking System installations in operation.

b) The Core Banking System solution is recommended to have the ability to provide perpetual licenses model/regime.

c) Local experience for both the OEM/Authorized partner and implementor is critical, with an understanding of the Tanzania banking market requirements and dynamics including regulatory requirements.

The implementing company and OEM/Authorized partner must have experience integrating with the following Tanzania Regulatory Systems:

TISS (Tanzania Interbank Settlement System)
TIPS (Tanzania Instant Payment System)
TR (Transaction Reporting)
GoAML (Anti-Money Laundering system)
GePG (Government e-Payment Gateway)
RTSIS (Real-Time Settlement and Information System)

The bidder should have the experience of working with at least 4 banks in Tanzania and should provide evidence of having completed a minimum of two (2) end-to-end core banking system implementations and data migrations in East Africa as a single source company. In addition, the implementer should have adequate experience in data migration for a SOA-based architecture.

Each Core Banking System software solution should be represented by OEM or one authorized partner. The implementer and OEM/Authorized partner should ensure complete implementation of the Core Banking System and data migration within a period not exceeding six (6) months. The Core Banking System implementer having Sunline integration experience will have added advantage.

The Core Banking System should be compliant with internationally accepted best practices.

k) The Core Banking System should have integrations and interface capabilities with other systems e.g. SWIFT, Postilion, and Central Bank Systems.

l) The Core Banking System should support and comply with PCI DSS standards. It should support a variety of payment methods.

m) The Core Banking System should be ISO 8583 and 20022 compliant.

In addition, the bidder is requested to provide the following among others:

Detailed Company Profile
Company Registration documents

The bidder must demonstrate a solid banking industry track record and experience in the provision of Core Banking Systems within the same scope.

The bidder must attach a minimum of 3 reference letters from traceable banks, most preferably dated and on company letterhead. Reference letters are subject to verification by the bank and should have contact information or details.

The bidder must be able to make a presentation/demonstration (PowerPoint/video or other form) of the proposed Core Banking System as part of the prequalification, due diligence, and final bid.
The bidder must be able to facilitate reference client’s site visitation when necessary.

Late applications shall not be considered, and no liability shall be accepted for loss or late delivery. China Dasheng Bank shall not be responsible for any costs or expenses incurred by the firms in connection with preparations or delivery of the application.

Submission Guidelines:

The proposal should be addressed to:

The Chief Executive Officer
China Dasheng Bank Ltd
P.O. Box 388, Dar es Salaam
Physical address:
Mezzanine Floor, Ex Telecom House
Samora Avenue, Dar es Salaam

Also, applications can be done electronically via the following email: info@cdbbank.co.tz.

The deadline for submission of the proposal is not later than 31st October 2024, 00:00 HRS.

Only shortlisted bidders will be invited to present themselves for an interview at China Dasheng Bank offices at a date to be communicated. For any questions, kindly contact us through: info@cdbbank.co.tz or through our free number: 0800112025.

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