The Kenyan-headquartered multinational finance services conglomerate, NCBA Group, has increased the digitalisation of its corporate banking services, with the launch of Connect Plus, a cloud-based transaction banking platform.
Based on Intellect’s eMACH.ai digital Transaction Banking technology, the move makes NCBA the first African bank to adopt the Intellect solution. As a result, it’s claimed that NCBA’s corporate clients have access to faster transaction processing, wider payment options, and cash liquidity management.
Officials said the platform underscored NCBA’s commitment to delivering faster, customer-centric digital solutions for its customers.
The new system incorporates advanced security protocols, ensuring that client data and transactions are safeguarded, the banking group assured.
James Gossip, MD, NCBA Kenya Bank, said: “NCBA’s digitally enabled transaction banking suite is a major move towards becoming a dominant bank in Kenya that serves corporates and SMEs.”
Manish Maakan, CEO, Intellect Wholesale Banking said his company’s technology enabled NCBA’s digital banking platform to develop cutting-edge innovative offerings and to differentiate itself from the market by meeting customers’ evolving needs.
In Kenya, NCBA claims it is the third largest bank by assets. However, serving over 60 million customers across Ivory Coast, Kenya, Rwanda, Tanzania and Uganda the NCBA Group claims to be the biggest banking group on the continent by customer numbers.
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