Cooperative banking
myCBI Co-operative Banking Platform
Built for co-operative banking in South Africa. myCBI is enterprise-grade digital banking for CFIs operating under the Co-operative Banks Act, secure, compliant, and fully managed by SEDFA.
A managed platform
A complete platform, delivered as a managed service
Every core requirement of a co-operative financial institution is delivered through a single, integrated platform, managed end to end by SEDFA.
myCBI is deployed and managed by SEDFA as a fully supported platform service. This removes the need for institutions to procure, host, secure and maintain their own banking infrastructure, so CFIs can focus on serving their members, strengthening governance, and growing sustainably.
Capabilities
What the platform covers
- Member Onboarding & Identity Verification: digital onboarding with integrated identity verification, ensuring full FICA compliance from application through to approval
- Compliance & Anti-Money Laundering: continuous monitoring and automated regulatory processes
- Deposit & Account Management
- Accounting & Regulatory Reporting
- Member management, teller operations, AML compliance and regulatory reporting
Managed by SEDFA
Why myCBI
- Managed by SEDFA
- South Africa data residency
- Dedicated environments
- Regulatory alignment
- No infrastructure required
Purpose-built
Built for South Africa's co-operative financial sector
myCBI is a purpose-built digital banking platform designed specifically for South African Co-operative Banking Institutions (CBIs). It was developed to meet the legal, operational and regulatory realities of co-operative banking, rather than adapting systems built for commercial banks, so institutions operate on technology that reflects their own environment, obligations and growth needs.
myCBI