Jun 28, 2019
KCB Bank Kenya implements Sopra Banking Software’s solution
Paris, June 28th 2019 – Sopra Banking Software, global leader in digital banking and financing software announces successful Amplitude roll out at KCB in Kenya.
Mid 2017, KCB Bank Kenya launched a major project with two key targets: create a new offer to provide mobile money and inclusive financial services (savings and loans) and improve the current financial services of co-branded product KCB – Mpesa.
KCB’s new digital platform is based on several components (Local Mobile Solution, a major Telco Mobile Money as back end solution for Mobile money, and Sopra Banking Amplitude as back end for all financial services related to loans and Savings – including clients, accounts, scoring, credit limit, money transfer, etc.), which replace an older platform.
This 9-month project has successfully enabled KCB to deploy new digital services. Next step will be the roll out of the joint solution to other KCB subsidiaries, and developing and deploying new functionalities and products.
The KCB Mpesa “new and improved” product has been running on this new platform for several months, enabling the Bank to attract new customers and offer new and improved services with high level of performance.
With this major project, Sopra Banking Software has demonstrated its capacity to handle a digital project under a tight deadline and with the challenging requirements of a leading financial institution like KCB. “We are extremely proud of this success. It showcases how Sopra Banking Software provides banks with a sustainable edge over their competition,” explains Patrick Navarro, Senior Vice President Middle East & Africa, Sopra Banking Software.
In order to provide mobile money and inclusive financial services with increasing volume of transactions, KCB was keen to take advantage of the new system. It enabled the Bank to be more efficient and provide a new customer experience.
In the highly competitive Kenyan market, the platform delivers in record time, and under the best conditions thanks to the exemplary collaboration between the various organizations involved.
About KCB Bank Kenya Ltd
KCB Bank Kenya Limited is the largest commercial bank in the country. A subsidiary of KCB Group Plc, the Bank has the largest branch network, with 200 branches, 367 ATMs and 16,000 agents offering banking services on a 24/7 basis in East Africa. This is complemented by mobile banking and internet banking services with a 24-hour contact center services for our customers to get in touch with the Bank. KCB Group Plc- which also has presence in Uganda, Tanzania, South Sudan, Burundi, Rwanda and a representative office in Ethiopia also boasts of a wide network of correspondent relationships totaling over 200 banks across the globe and our customers are assured of a seamless facilitation of their international trade requirements wherever they are.
About Sopra Banking Software
With 4 300 experts, a pro forma turnover 2018 of € 373,7 million and one of the deepest, broadest portfolios of software and services, Sopra Banking Software is a trusted, long-term partner of over 800 banks in more than 70 countries. Sopra Banking Software has an unequalled ability to address the requirements for banks and financial institutions of any size and scope, allowing them to innovate and expand their services. Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in digital transformation, with more than 44 000 employees. In 2018, Sopra Steria achieved generated a revenue of € 4,1 billion.
For more information follow us on twitter @SopraBanking or visit www.soprabanking.com
Sopra Banking Software: Stephanie DECORTIAT, +34 652 896 253, [email protected]
Burson Cohn & Wolfe (BCW): Nicolas Trinquier, +33 (0)6 75 61 78 83, [email protected]