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Vendors that defraud banks-Software Universe
Rank: New-farer Joined: 10/31/2017 Posts: 14
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The banks that have been defrauded are also poor performers
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Rank: New-farer Joined: 10/31/2017 Posts: 14
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Its unfortunate that instead of the banks pursuing the vendor and prosecuting the fraudsters for compensation they sack innocent internal bank staff so as to claim insurance compensation.
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Rank: New-farer Joined: 10/31/2017 Posts: 14
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Co-operative Bank,National Bank and Commercial Bank of Africa have also been defrauded by these criminals in prior years
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Rank: Hello Joined: 9/30/2014 Posts: 7
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stoner wrote:Co-operative Bank,National Bank and Commercial Bank of Africa have also been defrauded by these criminals in prior years
How are this poor performers?
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Rank: New-farer Joined: 10/31/2017 Posts: 14
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stoner wrote:SOFTWARE UNIVERSE-A MOBILE BANKING SERVICE PROVIDER THAT HACKS AND DEFRAUDS ITS BANKING CLIENTS
Software Universe http://www.softwareuniverse.co.ke/ is a mobile banking service provider that defrauds its banking clients.This firm has deployed its mobile banking service platform called WAP-TX for a number of banks from tier 1 to tier 3 banks.Unfortunately some of the organization's current and former staff have been running a fraud syndicate there they have been pilfering money from these banks via their mobile banking platform for several years.They have at defrauded at least 5 banks.Due to reputation risk,the said banks choose not to publicize the frauds but some opt to quietly terminate their contract with Software Universe and employ a new mobile banking vendor.Some banks still retain the vendor even after being defrauded.Since no defrauded bank pursues and prosecutes the vendor and fraudsters,the thieves operate with impunity and have stolen from banks repeatedly.Some of the fraudsters names are Dima Odhiambo,Wilson Wamutte and Stanford Momanyi and their photos are attached.Lets expose and shame them
At least Co-op,NBK,Trans-National Bank and Family Bank had the sense to throw out this vendor after the firm defrauded them.
HF Group and the then CBA (now NCBA) still retain this dubious outfit as their mobile banking service provider.Why?Its because one George Njuguna,who was before the Head of IT at CBA and later Chief Information Officer of HF Group protected the vendor from retribution.George now serves as Chief Information Officer at Safaricom.George's picture is as below
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Vendors that defraud banks-Software Universe
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