Managing Your Wallet
Credit reference bureaux are many in the world and now there is kenya Credit Reference Bureau . They handle rating and profiling for individuals and corporates. The three top rating companies in the world are Moody’s, Fitch, Standard and Poors.
Such rating agencies try to establish or rate the likelihood of a loan being paid in the time agreed in the contract. They also help assess how much the loan interest should be charged. This process by the credit reference bureaux is referred to as loan pricing.
Plans are at an advanced stage for the credit reference bureaux to rate or profile small business Enterprises. This is scheduled to start in May 2012, in Kenya to determine their credit worthiness for banking in kenya. (more…)
Barclays Bank is one of the international banks that operates banking in Kenya functions. It is one of the top banks in assets and Liabilities.
Most banks in Kenya, both local and international announce their financial results for the previous year between February and 31st March.
Barclays bank of Kenya was the first bank to announce the financial results for 2011. The bank had a steep drop in net profit. The reported net profit was kes 8 billion after tax down from kes 10.5 billion in 2010. The 23.8% fall in net profit fell short of market expectations. (more…)
Liability shift will not affect customers directly but more the issuers and acquirers. Liability shift is being driven by EMV, which means euro, MasterCard and Visa. These have come together and have found a way to minimize reasons why fraud is committed in the card industry.
Liability shift is a way for card associations to reduce card fraud. The associations (Visa and MasterCard) insist on card companies issue cards that are chip cards. Chip cards are also referred to as smart cards. The information for the card account is held in the chip with a default for magnetic stripe. (more…)
Today most consumers in Kenya spend most of their time on the internet therefore banks in Kenya like any other businesses and institutions must have a solid banking website.
However this doesn’t mean they should simply just put up a quick banking website just to be present online. Banking websites must have appealing web designs with essential elements that capture and retain their users’ attention.
In this article I will discuss three important things web designers in Kenya should consider when developing a banking website. (more…)
