Banking
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News
NCBA Disbursed KES 751 Billion In Digital Loans in Q3 2024
NCBA Group disbursed KES 751 billion in digital loans in the third quarter of 2024, an 8% increase compared to…
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BUSINESS
NCBA Bank opens a new branch in Kitui
NCBA Bank has opened a new branch in Kitui underscoring its commitment to bringing banking services closer to residents in…
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BUSINESS
Stanbic Bank’s Core Banking Systems To Be Unavailable This Weekend
Stanbic Bank has announced that it will be carrying out an upgrade of its Core Banking System from the 18th…
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News
I&M Bank Launches AI-Powered ‘Buy Now, Pay Later’ Service
I&M Bank has introduced an AI-powered Buy Now, Pay Later (BNPL) solution for its existing customers to enhance its unsecured…
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News
NCBA Bank turns to new tech for enhanced cybersecurity
The Central Bank of Kenya’s 2023 Banking Sector Innovation Survey revealed that cyber-risk is the most significant challenge for financial…
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News
NCBA’s SACCO banking digitisation continues to play pivotal role in financial inclusion
Savings and Credit Cooperative Organizations (SACCOs) have long been key players in promoting financial inclusion in Kenya, especially among underserved…
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News
NCBA collaborates with SACCOs to enhance cybersecurity measures
NCBA on Monday hosted its SACCO Banking Division customers in a forum focused on helping them bolster their defenses against…
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News
NCBA invested $31m in 2023 on cybersecurity
NCBA Bank has announced that it invested nearly $31 million in 2023 to strengthen and enhance its cybersecurity infrastructure. Speaking…
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BUSINESS
NCBA climbs 7 spots as one of Africa’s Most Valuable Brands
NCBA climbed 7 spots to secure the 85th position as one of Africa’s Most Valuable Brands in 2024. This is…
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BUSINESS
NCBA Bank: Unpacking the Bank’s Digital Transformation Landscape
Banks have for decades been relied upon to protect their customer’s personal details and financial information. Traditionally, sensitive information has…
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BUSINESS
NCBA bets on its digital products to grow its local footprint
NCBA Bank digital products: Initially, digital transformation was defined as organizational changes in terms of new investments in digital business…
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BUSINESS
NCBA Waives Monthly Fees for Retail Banking Customers
NCBA has today announced they will not charge monthly fees for their retail banking accounts from 1st July 2024. This…
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News
NCBA Now App: Prioritizing safety and convenience
NCBA Now App: As of the beginning of 2024, there were 22.71 million internet users in Kenya, with 40.8% internet…
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News
NCBA Bank is investing in Robotics Process Automation to enhance business productivity
NCBA Bank Robotics Process Automation: Robotics Process Automation (RPA) has emerged as one of the leading and most accessible automation…
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BUSINESS
Faulu receives over Ksh 900 million boost for digital, MSME banking
Faulu Microfinance Bank today announced a business refocus that will see it grow its digital banking offering and realign its…
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News
Eunice Kinyanjui: We Need More Digital and Innovative Financial Solutions for MSMEs Beyond Credit
Micro, Small, and Medium Enterprises (MSMEs) are the backbone of Kenya’s economy, contributing significantly to innovation and economic growth. According…
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BUSINESS
NCBA Embarks on a Diaspora Banking Market Activation across the US
NCBA Bank has kicked off a one-month-long market activation across multiple states in the United States to engage with the…
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BUSINESS
NCBA launches a suite of trustee services to safeguard collective solutions
NCBA Bank has launched a suite of trustee services solutions under the theme “Safeguarding Collective Investments”. This comes after the…
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BUSINESS
Government Pledges Support for Digitization of Banking and Fintech at SeamlessHR Conference
Africa’s leading HR and payroll technology firm, SeamlessHR, hosted C-level executives to a roundtable on the factors driving disruption in…
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News
Equity Bank to discontinue its EazzyBanking App in March
Equity Bank has announced that it will discontinue its EazzyBanking App, which was its pioneer mobile banking application, first unveiled…
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BUSINESS
Receive money from anywhere across the world with Equity
In an era where global connectivity is paramount, Equity through its cutting-edge international money transfer solutions is committed to delivering…
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News
Absa Bank’s One Account is your one-stop shop for all your banking needs
Absa Bank One Account: The African financial and banking landscape has changed profoundly in the aftermath of the COVID-19 pandemic,…
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News
Absa Bank Goes Big on Digital Savings in Kenya
Absa Bank Digital Savings: The Covid-19 pandemic propelled the adoption of cashless payments for millions of people around the world…
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News
Unpacking Faulu Microfinance Bank Digital Solutions
Kenya’s banking sector has been evolving over the years, thanks to the emergence of technology, especially mobile phones that shifted…
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BUSINESS
Absa Bank increases transaction limits on Timiza to Ksh.250,000
Absa Bank Kenya PLC has today announced an increase in transaction limits on its Timiza wallet. Under the new changes,…
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News
I&M Bank Rwanda announces new executive appointment
The Board of Directors of I&M Bank Rwanda Plc has announced the appointment of Mr. Benjamin Mutimura as the new…
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BUSINESS
Equity Named Kenya’s Overall Best Bank After Bagging More 10 Than Awards
Equity Bank has once again been feted as the best bank in the country for the 12th consecutive year, at…
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News
Equity records a 23.3% increase in digital transactions to Ksh. 2,288.8 billion
Equity Group released its Q1 2023 results on Tuesday reporting a 23.3% increase in digital transactions to Ksh. 2,288.8 billion…
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BUSINESS
KCB overtakes Equity as Kenya’s largest bank with Sh1.55tr assets
KCB Bank has dethroned Equity as the largest lender in the country by asset size on the back of an…
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News
Ecobank Kenya takes on NCBA LOOP with new Fingo Africa app
According to a report by Mastercard and International Finance Corporation (IFC), released back in 2018, young Africans are less likely…
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News
Nigerian digital bank Umba launches its operations in Kenya
Umba, a pan-African digital bank that acquired Kenya’s Daraja Microfinance Bank last year has officially launched its operations in the…
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News
Equity Mobile app now supports Western Union international money transfers
Equity Bank customers can now send and receive money conveniently through Western Union straight from their phones. The bank announced…
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News
Absa introduces bank withdrawal options on its Timiza app
Absa Bank has added an option on its Timiza App where customers can withdraw cash from any ATM machine across…
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News
Payments firm enza group launches to serve African banks and fintechs
enza Group: Africa has a very vibrant fintech and payments ecosystem. This space is expected to grow exponentially over the coming…
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BUSINESS
KCB Group Completes Acquisition of DRC-based Trust Merchant Bank
KCB Group has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory…
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News
Kenyans can now enjoy PayPal withdrawals on Equity Mobile App
Equity customers who use PayPal to send and receive money now have an alternative means of making transactions. The bank…
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News
DTB launches a special account for women-owned SMEs
Diamond Trust Bank (DTB) has launched a unique account for women running Small and Medium Enterprises. Dubbed Zawadi, the account…
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BUSINESS
Face scan account opening a big hit with Bank of Kigali customers
Bank of Kigali (BK) says it has recorded increased uptake of its mobile banking services following the launch of new…
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News
StanChart’s Solv Kenya Launches Credit Platform for Kenyan MSMEs
Solv Kenya, a B2B platform owned by Standard Chartered bank has officially launched in Kenya, aiming to make an impact…
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News
Microsoft to support continuous transformation of Africa’s Financial Services Industry
Transforming the Financial Services landscape in Africa will be a critical driver of economic prosperity across the continent, a banking…
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BUSINESS
Make Your Back to School Easy With Equity
It is a no-brainer that the Back-to-school season can be a hectic period for parents, guardians, and students as they…
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News
Jeremy Awori Joins Pan-African lender Ecobank as new CEO
After nearly a decade at the helm of Absa Bank, CEO and Managing Director Jeremy Awori will be leaving the…
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News
Google Wallet goes live in South Africa
South Africa has become the first African country to benefit from Google Wallet, a service that allows customers to pay…
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News
Ecobank Opens Applications for its 2022 Fintech Challenge for African Startups
Ecobank Group has launched the fifth edition of the Ecobank Fintech Challenge targeting African fintech startups. Selected startups stand a…
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News
4G Capital goes live on Mambu’s cloud banking platform
African Micro and small business-focused neobank 4G Capital has gone live on Mambu’s cloud banking platform 4G Capital says Mambu’s…
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BUSINESS
Absa Bank Kenya introduces online account opening platform
Absa Bank Kenya will spend nearly Ksh. 2 billion on upgrading its digital systems to improve customers’ banking experience. Among…
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News
Technology and innovation at the core of Equity Bank’s success
Africa is undergoing a season of rapid growth, characterized by innovative ideas that are crafting solutions to local problems. This…
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News
Tanzania’s fintech NALA enters Kenya, inks diaspora remittance deal with Equity Bank
Tanzania-based fintech startup NALA has partnered with Equity Bank Kenya for diaspora remittance. This partnership will allow Kenyans living in…
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BUSINESS
Equity is proof that doing well is intertwined with doing good
Equity has continued to prove that doing well can go hand in hand with doing good. This has over time…
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News
Absa customers can now use KenSwitch ATMs across the country
Absa Bank has entered into an interoperability partnership that will allow customers to access a network of Kenswitch ATMs and…
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BUSINESS
I&M Group reports 44% increase in profit after tax in Q1 2022 results
I&M Group PLC has reported a 44% growth in Profit after tax to Kes 2.7 billion compared to Kes 1.9…
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News
Equity bank rolls out chatbot on WhatsApp, Facebook Messenger, and Telegram
Equity has introduced Equity Virtual Assistant (EVA), the Bank’s chat banking platform for WhatsApp, Facebook Messenger and Telegram. EVA chatbot will offer digital…
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News
I&M Bank and Mastercard roll out new credit and debit cards for corporate C-Suite professionals
I&M Bank Limited and Mastercard have rolled out several new world-class debit and credit cards targeted at corporate C-Suite professionals…
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Startups
Kenyan open finance infrastructure startup Credrails partners with Access Bank for future of finance in Africa
Access Bank has partnered with Kenyan women-led open finance infrastructure startup Credrails to develop open finance rails that will dramatically…
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News
Payment service provider i2c partners with Visa for fintech processing in the MENA region
US-based payment service provider i2c Inc has announced a new partnership with Visa as a fintech processor in the MENA…
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BUSINESS
57 percent of Africans do not hold any kind of bank account, BPC report
57 per cent of Africans do not hold any kind of bank account, including mobile money accounts. This is according…
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BUSINESS
Equity Bank Awarded for Leading in E-Commerce payment volumes
Equity bank has been honoured with two awards by Visa for leading in Visa generated volumes in 2021. The bank…
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BUSINESS
Equity adds some new features to its USSD service
Equity Bank has made some new updates to its USSD service (*247#). The bank says the newly updated USSD will…
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BUSINESS
Equity rolls out One Till Number platform, works with all mobile wallets
Equity has introduced a new product they are calling One Till Number. The product, a first in the Kenyan market,…
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BUSINESS
Ecobank partners with insurance companies to offer bancassurance to SMEs across Africa
Ecobank Group’s Commercial Banking business has partnered with a number of insurance companies to offer a range of Bancassurance solutions…
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CLOUD
[Africa Cloud Review] Simon Ngunjiri: Cloud can help financial institutions improve customer experiences
The financial sector is one of those sectors that is benefiting massively from modern technologies like the cloud. The adoption…
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CLOUD
Microsoft supports Kenya’s financial services providers with tailored Cloud solutions
Microsoft has reaffirmed its commitment to assisting Kenyan financial services providers in their digital transformation by providing specialized Cloud solutions.…
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News
TUNDE OLADELE: How banks can leverage technology to rebuild and maintain a healthy credit portfolio
The defining issue in the success of a bank is the quality of its loans. Yet Covid has torn through…
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News
[This Week in Tech] Wapi Pay founders step down from their roles
This has been quite an interesting week in tech in Africa. We covered a number of great announcements here at…
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CLOUD
African Banks Turn to IBM Hybrid Cloud and AI Solutions to Accelerate Digital Innovation
IBM today announced that major financial institutions across Africa have selected its hybrid cloud and AI capabilities to unlock digital innovation.…
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Interviews
![[Interview] Maryanne Michuki, Stanbic Bank Innovation lead: Digitizing motor insurance with StanSure app](https://techtrendske.co.ke/wp-content/uploads/2021/08/Maryanne-Michuki-1-390x220.jpeg)
[Interview] Maryanne Michuki, Stanbic Bank Innovation lead: Digitizing motor insurance with StanSure app
According to the Insurance Outlook Report 2019/2020 East Africa by Deloitte, insurers in the region have experienced better times than…
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CLOUD
Mauritius Commercial Bank to adopt MITECH’s TRAC Collateral Management system in the cloud
The Mauritius Commercial Bank (MCB) is adopting MITECH’s system TRAC (Trade Risk Active Control) to support continuous and significant growth…
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News
What You Need To Know About The New UBA Mobile App
A seamless digital banking experience had not seemed feasible yet, the new UBA mobile app has made financial transactions so…
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News
[Interview] We’re connecting Africa one transaction at a time, Leon Kiptum, Chipper Cash Kenya boss
Financial technology – Fintech, has become a significant force in shaping the structure of the financial services industry in Africa…
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BUSINESS
Fraud in the banking industry: What are banks doing about it?
Chances are you have at least received a call once or twice from people claiming to be representatives from your…
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News
African banks must embrace mobile payments to unlock new business prospects
African banks must provide mobile payments and other digital services to remain competitive as well as to unlock new business…
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BUSINESS
Ecobank wins Innovation in Financial Services award at African Banker 2020 Awards
Ecobank has won the Award for Innovation in Financial Services at the 2020 edition of the prestigious African Banker magazine…
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BUSINESS
Open Banking opens up new opportunities for Banks in Africa
Open Banking is a global FinTech trend that is revolutionising the financial services landscape across the world by enabling banks…
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BUSINESS
Banking Sector urged to go digital to build resilience and sustainable growth post Covid-19
Bankers from Sub Saharan Africa and China who attended the Huawei Sub-Saharan Africa Financial Services Industry Online Summit 2020 agree…
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New Appointments
Standard Chartered Appoints Abbas Husain Corporate Finance Lead for Africa and Middle East
Standard Chartered has appointed Abbas Husain the Regional Head of Corporate Finance, Africa and the Middle East (AME). Bringing over…
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BUSINESS
Equity registers 14% dip in profit after tax on Ksh.3 billion provisions on loans
Equity Group has released first-quarter results which reflect the assessment the Group places in the uncertainty created by COVID-19. Profit…
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BUSINESS
Digital and mobile channels to be key service delivery platforms for financial service providers
As countries prepare for imminent easing of movement restrictions and resumption of normal operations in most sectors of their economies,…
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BUSINESS
Ecobank Named Most Innovative Bank in Africa
Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global…
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BUSINESS
Egypt’s Largest Private Lender Acquires 51% Stake in Kenya’s Mayfair Bank
Egypt’s Commercial International Bank (CIB) is acquiring a 51 percent of the shareholding of Kenya’s Mayfair Bank Limited (MBL). Commercial…
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BUSINESS
Standard Chartered Bank launches mobile traded bond
Standard Chartered Bank Kenya has become the first commercial bank in Kenya to launch bond traded exclusively through mobile phone,…
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News
Standard Chartered Bank lends KShs 6.3bn to SME in 9 months
Standard Chartered Bank says injected KShs 6.3 billion in direct and indirect lending to Micro, Small and Medium enterprises (SME)…
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Startups
Fintech Startups can now apply and pitch at the Finnovation World Kenya Summit
The Finnovation World Kenya summit takes place in Nairobi on June 18. The event will bring together fitench players from…
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Startups
Standard Chartered launches its first Africa eXellerator innovation hub in Kenya
Standard Chartered Bank today opened its Africa eXellerator innovation hub in Kenya to support and work with fintechs in the…
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COLUMNS
[Column] Open banking to transform East Africa’s digital financial services
Open banking is revolutionising the financial services landscape across the world, and presents opportunities for transformation and financial inclusion throughout…
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BUSINESS
Standard Chartered Bank launches its Mobile Digital Platform in Kenya
In February 2018, Standard Chartered announced that it will launch its digital solution in four key markets during the first…
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Startups
Nigeria’s Fintech Startup TeamApt closes $5.5M Series A Round To Scale Into Additional Markets
TeamApt, a Nigerian startup that provides digital solutions and payment infrastructure for Africa, has closed on a $5.5M Series A…
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News
“Africa is the Silicon Valley of banking”, say co-founders of TagPay
The rise of fintechs might be shaking up the banking sector in developed countries, but African banks are taking full…
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BUSINESS
Fintech may have a more profound impact on financial services in Africa
Fintech may have a more profound impact on financial services in Africa than in Europe or the US. this is…
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News
Finnovation Kenya 2018: Collaboration way forward to driving constructive economic outcomes from the FinTech ecosystem in Africa
Finnovation Kenya 2018 summit kicked off today at the Radisson Blu Nairobi, bringing together more than 200 FinTech experts to…
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Blockchain
Finnovation South Africa 2018: How FinTech is Accelerating Digital Transformation of Banking in Africa
The unique environment for financial services in Africa is fertile ground for innovative FinTech players who are capitalising on the…
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News
Who wants complimentary passes to the Finnovation Africa: Kenya 2018 summit?
The Finnovation Africa: Kenya 2018 summit is coming to Nairobi on 31st May 2018. The event will bring together more…
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News
Industry Leaders Define How FinTech is Accelerating Positive Transformation of Banking in Africa
The FinTech space in Africa is witnessing rapid growth as innovative new financial services players disrupt the traditional modalities of…
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News
FinTech in South Africa: Accelerating the Digital Transformation of Banking & Financial Services
Ethico Live has announced the launch of Finnovation South Africa summit. The event will see participants from established banking powerhouses…
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INSURANCE
Lack of education on ICT to blame for growing cyber attacks on Insurance and banking sectors in Kenya.
Insurance and banking services sectors in the country need to enhance the pace of deployment of secure Information Communication Technology…
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BUSINESS
Mobile Money: HelloCash mobile money services launches in Ethiopia
Lion International Bank and Somali Micro Finance in partnership with Ethiopian based technology service provider BelCash Technology Solution PLC have…
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