Bhartesh Shah, Chief Operations Officer, Equity Bank talks about how the banking industry in Kenya is evolving with a rapid increase in the digital native population. He details how Equity Bank has made a significant contribution in Kenya leading the way for greater financial inclusion and innovation across Africa. He also highlights how a very small fraction of the bank’s transactions are driven through branches thereby the bank progressing towards increasing the share of digital transactions even further, and transforming branches from being transaction centers to become more of an advisory centers. Bhartesh talks us through the long standing partnership between Infosys Finacle and Equity Bank and how the partnership has evolved from strength to strength.
Having commenced business on registration in 1984, Equity has evolved from a Building Society, a Microfinance Institution to now the all-inclusive Nairobi Stock Exchange public listed Commercial Bank. Equity Bank leverages Finacle suite of solutions that include Finacle Core Banking Solution, Finacle Corporate Online banking, Finacle Retail Online Banking, Finacle Treasury, Finacle Payments, Finacle Islamic Banking and Finacle Trade Finance.