Kenya’s Equity Group turns Finserve subsidiary to fintech
Its MVNO is now an autonomous commercial enterprise.
Kenya
Postbank Kenya unveils mobile banking service M-chama
Targeting small savings groups.
Chase Bank Kenya endures four-day outage after tech migration
The transition to SMB Holdings’ new platform was most likely the cause.
DFS Lab and Gates Foundation invest in four African fintech start-ups
Four start-ups received $200,000 funding from DFS Lab, supported by Bill and Melinda Gates Foundation.
PayPal teams with Safaricom for M-Pesa of mind
New service in Kenya plans to provide global e-commerce.
Fiorano the firepower in I&M Bank’s digital leap
Kenyan bank will use Fiorano’s platform while integrating with Infosys’ Finacle core banking system.
Family Bank in treasury and risk management tech revamp
Kenya-based Family Bank has implemented Profile Software’s Acumen treasury management system.
Kenya leads Africa in financial inclusion innovation
Kenya is leading the way when it comes to digital innovation for financial inclusion in Africa, according to research by the Consultative Group to Assist the Poor (CGAP). Earlier this year, CGAP says it invited firms and organisations to submit proposals for digital innovations they believe have the most potential to advance financial inclusion in […]
National Bank of Kenya in core banking system upgrade
National Bank of Kenya says it has upgraded to “the fifth and latest version” of its core banking platform, Fusionbanking Essense, supplied by Finastra (formerly Misys).
Abu Dhabi and Kenya form fintech bridge
Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Capital Markets Authority (CMA) Kenya have signed a co-operation agreement for fintech innovation. The agreement provides a framework for information sharing; and keeping abreast of regulatory and relevant economic or commercial developments in the respective markets. They will also support fintech […]
HF Group live with new core banking system, Intrasoft’s Profits
Kenya-based mortgage lender Housing Finance (HF Group) has gone live with a new core banking system, Profits, supplied by Intrasoft International.
NLS and KCB Bank in court over tech use
Kenya-based banking tech provider and integrator NLS Banking Solutions is seeking an injunction against Kenya Commercial Bank (KCB) for software infringement rights.
Kenya Bankers Association unveils real-time interbank switch
Kenya Bankers Association (KBA) has launched its real-time interbank switch, PesaLink, and kicked off a phased rollout of the digital payments platform. The product has been in the making since 2013, when KBA member banks decided to create their own industrywide switch to rival the M-Pesa services. KBA vice-chairman John Gachora says PesaLink is “proof […]
Core banking system & consultant selection at NRS Sacco in Kenya
A savings and credit co-operative society in Kenya, NRS Sacco, is looking to renovate its core software, and has issued a call for a new software provider. It is also looking to procure consultancy services to help it with system selection.
Puan Sacco Society issues banking tech RFP
A savings and credit co-operative society (Sacco) in Kenya, Puan Sacco Society, has issued an RFP for new banking solutions. The Sacco is looking for core banking, SMS banking and mobile lending software, and a payroll management system. Provision of point-to-point connectivity services and office internet services, plus hardware maintenance are also included in the […]
Chase Bank Kenya migrates card portfolio to OpenWay’s Way4 platform
Chase Bank Kenya has migrated its full card portfolio to the Way4 payment software platform from Electra Card System. The solution is developed by Belgium-based OpenWay and Way4 will support the issuance of prepaid, debit and credit cards — under the MasterCard and Visa brands. Chase Bank Kenya is looking to grow its cards business […]
South Africa’s JSE aims to ‘spearhead’ African cross-listings with ETFs
Stock markets in Nigeria, Kenya and South Africa are planning to launch cross-listed exchange traded funds later this year, as part of an initiative that aims to boost liquidity across Africa’s three largest markets.
Swift plots African expansion into Kenya and Ghana
Swift is planning to open two new offices in 2015 in Accra, Ghana and Nairobi, Kenya as the organisation seeks to expand its presence in east and west Africa.
African start-ups opt for cloud based core banking platform
Three African financial services start-ups have signed to use a cloud-based core banking platform from Berlin-based Mambu as their launch platform business.
Cooperative Bank of Kenya fuels African expansion with Misys core banking tools
Cooperative Bank of Kenya has implemented Misys BankFusion, a core banking platform which the bank says has helped it increase its transaction processing by double and end of day processing by 40%.
