Kenya Bankers Association, Huawei Partner to Expand ICT Services in Banking

Kenya Bankers Association, Huawei Partner to Expand ICT Services in Banking

Kenya Bankers Association CEO Dr. Habil Olaka and Huawei Kenya Chief Executive Officer Mr. Will Meng during the signing a memorandum of understanding.

  • Partnership seeks to promote tech-led financial inclusion as well as Fintech ICT Capacity.

The Kenya Bankers Association (KBA) and Huawei Kenya have partnered to expand ICT in the banking sector and to enhance financial inclusion.

This is in line with its strategic plan for 2020 to 2023 launched last year seeking to promote access to affordable financial services through tech-aided operational efficiency.

Habil Olaka, KBA chief executive says the partnership will involve knowledge sharing programs on financial technology and digital transformation that will improve efficiency in delivering banking services.

“This partnership will further focus on research and knowledge-sharing activities, which will supplement the research initiatives that continue to be spearheaded by the Association’s Centre for Research on Financial Markets and Policy,” KBA CEO Habil Olaka.

Huawei Kenya CEO Will Meng expressed confidence in the partnership, which he believes would be the future of financial services after COVID-19 fast-tracked digital migration.

The partnership comes a few days before the 2020 Huawei – KBA Online FSI Summit scheduled for September 30th, which also aims to support efficient banking services through technology. 

This year’s summit, themed “Building Banking Core Competence through Digital Transformation to Accelerate Inclusive Finance,” is part of the initiative to promote affordable and accessible finance.

“Beyond the COVID-19 disruption, we see technology as an invaluable enabler of financial inclusion. I have no doubt that the summit along with the KBA-Huawei collaboration will play a significant role in our collective efforts to entrench technology in our operations and sustain our contribution to the national development agenda,’’ Olaka said.