Personal Credit rating in Kenya or credit reference bureaus is forcing banks to share customer information. Banks in Kenya for a long time have been very unwilling to share information with other Banks on borrowing customers and for years many ‘sat’ on non performing loans. This resulted in the public taking advantage by borrowing from almost all the banks and [ Read More ]
Archive for the ‘channels for Banking in Kenya’ Category
Front office services activity has a wide reach in countries like Kenya where there a huge savings and credit society movement also known as SACCO History of Front office services Activity Traditionally Savings and Credit Societies facilitated provision of affordable loan facilities to its members. Majority of these Savings and Credit Societies usually loan their members three times the shares [ Read More ]
Agency banking in kenya and indeed the world is not a new concept but it has been used in many countries especially in Asia and South America. when thinking of setting up agency banking strategy, there are some things that must be considered. These considerations have been listed below – especially when considering this concept in kenya Central Bank Guidelinesfor [ Read More ]
Disadvantages of Electronic Payment services and Online Banking accounts have become a big problem for financial institutions even to the banking industry in Kenya Paperless banking concept which has been in existence for the last decade has however recently been accepted in the developing economies or countries. In a tradition where all banking transactions are evidenced on paper it has [ Read More ]
Mobile banking through Mobile phones has greatly improved communication and the world has become a global banking village. Apart from improvement in communication, mobile service providers have gone a step further to ensure that their subscribers are able to transfer funds using mobile banking. Advancement in Mobile Banking Use Mobile banking is where one can send money through the phone [ Read More ]
