Intro with Image
Synapsys Intro
SYNAPSYS is a dynamic and innovative
technology firm with an array of products
and services supporting Banks, Capital
Markets, Insurance and Retail Payments
across Asia.
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Sri Lankan Tea Industry
Tea Small holders produce 73% of the tea production in Sri Lanka
73%
27%Tea Small HoldersOthers
Tea Small holder farming supports
Livelihood of 400,000 families
Population of approx 2mn (10% of Sri Lanka)
Employs approx. 500,000 people2
Customer & District – SL Map
Rathnapura 97984Galle 90524matara 67613kalutara 38263kandy 30747badulla 29679kegalle 19637N Eliya 17547Hambanthota 2533Matale 1408Monaragala 637Colombo 491Kurunagala 151Gampaha 9
65% of tea small-holders come from Rathnapura, Galle and Matara districts. 40% of the above population is catered through the TIPS system. Currently, Synapsys is working with KDU group, Evergreen group and Andaradeniya Group to serve the above population
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ProblemSmall tea holders Industry Government
Price instability for the quality of tea supplied
Gradual decline in the quality of tea supplied
Decrease in consumption and prices offered for Sri Lankan tea in traditional markets
Lack of assurance in weighing process
Lack of transparency in the weighing process
Declining quality of tea exported
Delayed payments for the leaves supplied
Lack of low cost payment channels to serve the unbanked community
Difficulty in implementing government regulations and policies
Not served by traditional banking channels (unbanked & under-banked)
Narrowing profit margins
Labour shortage Low rate of investment in technology
Adverse weather conditions
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TEA SECTOR
Securing the Tea Small Holder
Best Price for the quality of leaf purchased
Correct and transparent weighing process
Efficient payments
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Current Process
Refer Paper
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MBANX TIPS - The Solution
MBANX TIPS is a technology platform that is streamlined and scalable to integrate tea small holders, factories and financial institutions while providing a superior level of service to a vital segment of the industry.
AUTOMATION OF TEA LEAF WEIGHING & COLLECTION
MOBILE ENABLED ADVANCE PAYMENTS FOR SUPPLIERS
ATM PAYMENTS
REQUESTS FOR GOODS AND SERVICES
Tea Small Holders
Financial InstitutionsFactories
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System Functionalities
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Solution Overview
Refer Paper
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Security
System hosted at industry grade data center at Sri Lankan Telecom with backup and Disaster recovery solution in place
Mobile application secured using 3 levels of authentication User credentials, Mobile device ID SIM No..
Tokenisation is used for communicating transaction and client information between systems
Due to integration of the system with the banking system same procedures are used for Know your customer, PIN and Card security
Systems are integrated using secure VPN connections and ISO standard interfaces
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Industry Awards
Asia Pacific Entrepreneurship Award World Quality Commitment Award – Paris Socrates Award - UK NBQSA e-Society & e-Community Nominated APAC - ICT Awards (Taipei) in
December
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Why MBANX TIPS
Pioneers in the use of such technology in this industry (NFC, RFID, Blue-Tooth etc) in one solution.
Total Integrated solution linking Small Holders, Factories and Banks – REAL TIME
Engineered to be used by multiple entities and multiple industries.
We are not the first to try it but we are the first to get it right!
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