60 per cent of Kenyan banks have insecure systems.pic by Fredrick Onyango
Salim Idd, a Nairobi-based internet security expert, is increasingly worried about new developments in the virtual world of internet.
Using his personal computer located in the city centre, he casually taps his keyboard in an attempt to gain unauthorized online entry into a local bank’s database.
He flits through the back-end of the financial institution’s e-banking website, looking for a weak point that will let him access personal information of the bank’s customers.
In seconds, he has found it. It may sound like a movie script but this is the other side to internet banking that not many Kenyans are familiar with. Read the rest of this entry »
Subscribers accessing the services are charged a higher rate above the normal rates for their Sembuse’s. The revenue generated is then split between Symbiotic Media Consortium and the Content Provider. The Revenue split is 40:60 in favor of the content provider and is normally exclusive of VAT and other government taxes.
Revenue Share/Payment Methodology
The payment process will be handled by our Finance department (FD).
Payment process
* Statistics will be received by the finance department on the 30th of each month.
* Statistics are sent to content providers by FD. Upon receipt, the content providers raise invoices and forward them to FD.
* FD reviews the invoices and reconciles them against the statistics.
* Cheques are written, signed and dispatched to content providers.
It is simple to start your own content service on the Sembuse network, if your smart you can make a good living 
here is how you can get started
1. Content provider will allow reasonable time of at least 4 working days for provisioning, testing and contract preparation.
2. Content provider will be expected to pay an initial one-time setup fee of Ksh. 50,000 to Symbiotic Media Consortium.
3. Other Charges:- Upon connecting to Sembuse , the content provider will be required to obtain short codes which will attract a monthly rental fee of Ksh. 2,500. (Golden numbers “sweet easy to remember numbers” will attract a further one off cost of Kshs. 50,000) eg. 2222, 3355 you get the drift
4. Revenue share across all services is 40: 60 in content providers favor OR an account management fee of Ksh 30,000 Ksh
Email: business [at] symbiotic.co.ke to get connected or if you have anymore queries.
