New Year’s Resolution: Time to Evaluate Your Legacy Systems
In the dynamic African financial landscape, legacy systems hinder growth. Explore the risks of clinging to outdated infrastructures, from lost market opportunities to hidden costs. Learn why 2024 is the ideal time for African banks to embark on a strategic journey of modernization, ensuring competitiveness, responsiveness, and compliance with platforms like Skaleet.
From Village Boy to Banking Kingpin: Paul Russo’s Story of Grit and Ambition.
Discover the inspiring story of Paul Russo, KCB’s Group CEO, who rose from a village in Northern Kenya to become a prominent figure in the banking sector. With a diverse educational background and a career marked by resilience, Russo’s leadership has propelled KCB to new heights in the financial industry.
Impact of the EU-US Data Privacy Framework on African Countries
Delve into the impact of the EU-US Data Privacy Framework on Kenya, examining how Kenyan entities navigate data transfer complexities in the absence of an adequacy decision. Learn about aligning national laws with GDPR standards, enhancing compliance mechanisms, and fostering international cooperation. Discover the guidelines and crucial steps for Kenya to fortify its data protection practices and potentially facilitate seamless data exchange with the EU.
The Future of Banking in Kenya: Open, Flexible, and Customer-Centric.
Witness the banking revolution in Kenya as Banking as a Service (BaaS) and Open APIs redefine the financial landscape. From seamless integrations to personalized customer experiences, these technologies are propelling rapid innovation and expanding access to financial services. Learn how Kenyan fintech companies, including M-Pesa, Paystack, SasaPay, and Skaleet, are leveraging APIs and BaaS to create innovative solutions, paving the way for a customer-centric, open, and flexible future of banking in Kenya.
NAVIGATING THE FUTURE OF BANKING: CHOOSE YOUR CORE BANKING PLATFORM WISELY
Dive into the dynamic world of banking technology with our comprehensive guide on choosing the right Core Banking Platform. From technological considerations like API integration and microservice architecture to functional aspects such as integrated services and notification systems, and critical contractual considerations for smooth migration, this guide covers it all. Make informed decisions to ensure your institution’s success in the ever-expanding fintech landscape.
Mastercard Partners with Worldpay and Zip to Scale Open Banking Solutions
Mastercard is transforming the landscape of financial services by partnering with Worldpay and Zip to scale new open banking solutions. From simplifying bill payments to enhancing consumer lending processes and introducing advanced analytics, Mastercard’s initiatives are reshaping the future of payments. Dive into the details of how this collaboration is set to revolutionize financial experiences and provide more payment choices for consumers, businesses, and lenders.
Dhow CSD to Make Government Securities Accessible to All Kenyans
The launch of Dhow CSD marks a significant step towards democratizing government securities trading in Kenya. With a digitized registration process and accessibility for all, Kenyans can now easily lend money to the government, enjoying high-interest rates without intermediaries. Explore the potential impact on banks’ liquidity and the broader financial sector.
Lessons Kenya can learn from Egypt as inflation hits record high of nearly 40%
Egypt’s soaring inflation at 39.7% in August unveils critical economic lessons for Kenya. This analysis delves into the impact on currency value, food price hikes, and strategies to ensure economic stability in the face of challenges.
State agencies must embrace Sharia-compliant loans
Kenya’s diverse landscape encompasses a vibrant Muslim community, constituting a significant portion of the population. This article advocates for the introduction of Sharia-compliant Islamic finance loan facilities within government lending agencies to cater to the unique financial needs of this community. Embracing diversity and ethical financial principles, Kenya can set a progressive example for inclusive financial empowerment.
Rising Interest Rates Reignite Calls for Interest Rate Controls
Baringo North MP Joseph Makilap’s Bill seeks to reintroduce interest rate controls amid soaring rates. The proposal advocates for multiple rate corridors based on risk profiles to avoid the pitfalls of past attempts. Find out how this regulatory tool aims to foster economic stability.