In the dynamic realm of technology, the financial landscape is undergoing a dramatic transformation. Banking as a Service (BaaS) and Open APIs are emerging as the driving forces of this revolution, empowering customers like never before and enabling innovative solutions. Let’s delve into these concepts and explore how they are reshaping the way we interact with money in Kenya.
In today’s rapidly evolving technological landscape, Core Banking Platforms (CBPs) offer a future-proof solution for banking institutions seeking agility, scalability, and innovation. However, with a multitude of options available, careful consideration of technological, functional, regulatory, and contractual aspects is essential for selecting the right CBP. This article provides a comprehensive guide to navigating the CBP selection process, ensuring that banking institutions make informed decisions that align with their unique needs and goals.
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Core Banking Platforms (CBPs) are rapidly gaining traction in the banking industry, offering a next-generation alternative to traditional Core Banking Systems (CBSs). Built on a modular architecture, CBPs provide greater flexibility, scalability, and innovation potential, enabling banking institutions to adapt seamlessly to the ever-changing demands of the modern financial landscape.
Mastercard is partnering with Worldpay and Zip to scale new open banking-powered solutions that enable more payment choice, empower consumer lending, and modernize account-based payments. Open banking is a secure […]
Annual inflation in Egypt hit 39.7 percent in August, official figures showed Sunday, an all-time high for the country as it grapples with a punishing economic crisis. It comes immediately […]
In Kenya, a nation known for its diversity, fostering financial inclusivity has been a paramount goal. The government’s efforts to provide affordable credit have given rise to several lending agencies, […]
In the latest treasury bond issue, investors asked for over 18% interest rate, forcing the government to reject most bids. The rising interest rates have reignited the clamor to control […]
The Central Bank (Amendment) Bill 2023 proposes setting up a Shariah Advisory Council with the same mandate as the MPC, which is seen mainly as tailored for conventional banking. Islamic […]
On June 27, 1967, Barclays Bank transformed the face of banking by introducing the world’s first Automated Teller Machine (ATM). Nestled in the quiet town of Enfield, London, this innovation […]
Google Workspace has collaborated with Stripe, a leading financial infrastructure platform for businesses to make life easier for small businesses. This joint effort will allow businesses to accept payments for services […]
MPs have greenlit Dr. Kamau Thugge as the new Central Bank of Kenya (CBK) Governor. As the successor to Patrick Njoroge, Thugge steps into his 10th Governor’s shoes amidst brewing storms of […]