Zambia Electronic Clearing House Limited (ZECHL)
Zambia Electronic Clearing House Limited (ZECHL) required a modern clearing infrastructure capable of supporting electronic funds transfers, cheque clearing, mandate management, and interbank settlement across the country’s financial ecosystem.
Sybrin implemented a comprehensive Automated Clearing House (ACH) solution that digitised clearing operations, improved settlement efficiency, and strengthened transaction security across participating financial institutions.
Key Outcomes
- Improved processing efficiency for cheques and EFTs.
- Reduced cheque value dates.
- Automated settlement with the Bank of Zambia.
- Enhanced security, reliability, and availability.
- Lower operating costs across the clearing ecosystem.
The Challenge
ZECHL required a secure and efficient platform capable of electronically clearing EFTs, local and foreign cheques, and direct debit mandates while supporting reconciliation, settlement, auditability, and image management.
The solution needed to provide a centralised infrastructure capable of supporting multiple participants while maintaining operational resilience and regulatory compliance.
The Solution
Sybrin delivered a national ACH platform enabling secure electronic file exchange, cheque and EFT processing, mandate management, automated reconciliation, and interbank settlement processing.
The solution also provided secure storage and retrieval of cheque images, transaction audit trails, and reporting capabilities to support operational oversight.
The Impact
The implementation transformed the country’s clearing environment, improving processing speed, reducing operational complexity, and strengthening transaction security.
Automated settlement and reconciliation enhanced efficiency across participating institutions while reducing operational costs and supporting future growth.
Why Sybrin
ZECHL selected Sybrin because of our proven payments expertise, trusted relationship within the banking industry, and ability to deliver scalable national clearing infrastructure aligned with industry requirements.
