In February 2018, Standard Chartered announced that it will launch its digital solution in four key markets during the first quarter of 2019. The bank said it will first launch the services in Uganda in January, followed by Tanzania in February, with Ghana and Kenya to follow. Yesterday, the service was officially launched in Kenya.
The new platform will allow clients to open an account, transact, borrow, invest, insure and even protect their wealth online without visiting a branch.
Standard Chartered says it invested Ksh 83.4 million in building the platform that will provide over 68 services on your phone including; updating account information, activate or stop your Card, bill payments; stop or block a cheque, fixed deposit creation and termination, funds transfer locally and internationally among others.
Speaking at the launch, Standard Chartered Bank Kenya Managing Director and CEO Kariuki Ngari said the Bank will continue to make strategic and sustainable investments in technology that will complement its innovation agenda, as well as enhance its digital offerings and client experiences. Additionally, the rollout will also see the Bank engage in strategic local alliances to create an appealing lifestyle banking proposition.
“At Standard Chartered we have responded to new trends and the evolving needs of Kenyans with a strategic intent of being Digital by Design through innovation and technology. Digitalization to us means a disruption from traditional and conventional ways of banking to transforming banking business to conform to the lifestyles of our clients,” Mr. Ngari said.
Kenya is the fifth market in Africa within the Standard Chartered network to launch the digital-only retail bank alongside Cote D’vore, Ghana, Tanzania and Uganda.
The full end to end digital solution can be accessed by downloading or upgrading the SC mobile App via Google play store or Apple store and is available for both existing and new clients to open a Standard Chartered Digital Life Account.
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