The Kenya Bankers Association (KBA) has signed a partnership with Huawei Kenya to expand ICT in the banking sector and improve financial inclusion in line with its strategic plan for 2020 to 2023. KBA CEO Habil Olaka says the partnership will feature 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. In this regard, the collaboration will certainly augment KBA’s and member banks’ knowledge base in engagements with diverse stakeholders from a fact-based perspective,”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.