KCB Bank has contracted Sopra Banking Software to design, build, deliver, and support the savings and lending products portfolio through the KCB Vooma, the Bank’s lending, savings, and payments platform. With the rollout of payments, savings, loan products, and the migration of KCB M-PESA and KCB Mobile loan products to the Sopra Banking Platform, KCB has disbursed over 40 million loans worth KShs.332 billion (US$ 3 billion) to 11 million customers from October 2018 to December 2022. Over the past few years, the Bank has been building different products on the KCB Vooma platform in partnership with Sopra Banking Software with a target of continuing to grow disbursements and non-funded income to the envisioned 40% of the total group revenues. Sopra Banking Software was onboarded in 2020 when the bank embarked on the ambitious implementation of the Vooma mobile wallet that allows customers to pay for goods and services, get loans and save money via their mobile phones on any network. “Through this partnership, the Bank has been able to offer differentiated value propositions covering payments, savings and lending on digital channels, delivering a seamless banking experience to customers,” said Paul Russo, KCB Group, Chief Executive Officer. Eric Bierry, […]
KCB Bank partners with Sopra Banking Software to drive its digital transformation
You may also like...
