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 […]
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 […]
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.
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 […]
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 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.
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 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%.
Fountain Credit Services, a Kenya-based company specialising in microfinance, has adopted cloud services from banking software firm Temenos, making it the first financial institution in Kenya to adopt cloud technology.