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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