NCBA Bank unveils new next-generation transaction platform for corporates
The lender notes that the improved transaction timelines will allow businesses to operate more efficiently and respond swiftly to changing market demands.
NCBA Bank has unveiled a new enhanced digital transaction platform for corporate clients, a move that seeks to enhance its corporate banking services.
Dubbed ConnectPlus, the $6 million (Sh775.4 million) upgrade has been developed in partnership with global fintech firm Intellect, and promises faster transaction processing, improved payment options and enhanced tools for managing cash and liquidity.
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The lender notes that the improved transaction timelines will allow businesses to operate more efficiently and respond swiftly to changing market demands.
Highlighting the importance of security, the lender adds that the upgraded system features advanced security protocols, ensuring client data and transactions are protected using cutting-edge technology.
Commenting on the product, James Gossip, Managing Director of NCBA Kenya Bank, said the bank’s digitally enabled transaction banking suite represents a significant step toward establishing the bank as a leading player in Kenya.
He emphasised that the suite is designed to comprehensively serve both corporates and SMEs with a wide range of solutions for their local and international transaction banking requirements.
This is at a competitive price, while supporting the government’s digital economy initiative based on Kenya Vision 2030.
“With Intellect’s deep wholesale banking domain and regional expertise in digitally transforming transaction banking, NCBA is marching ahead to provide customer gratification and achieve operational efficiency. This project will ensure that NCBA becomes a distinguished bank known for superior customer experience,” Gossip said.
Further, the enhanced user experience promises to deliver an intuitive and modern interface, making digital banking accessible and convenient for all customer segments, regardless of technical proficiency.
The platform's expanded capabilities also empower NCBA to introduce a comprehensive suite of products that cater to the complex needs of its diverse customer base, supporting both local and international transactions.
On his part, Manish Maakan, CEO of iGTB Intellect, said the primary motivation behind the platform enhancement is to create cutting-edge, innovative solutions tailored specifically for SME and corporate clients.
“We aim to continually help our clients to not only exceed customer expectations but also empower them to adopt an innovative position in the corporate banking space,” Maakan said.
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