Banking Innovation refers to the process of developing and implementing new ideas, technologies, or practices in the banking sector to improve services, enhance customer experience, increase efficiency, and maintain competitiveness. This can include advancements in digital banking, mobile payments, blockchain technology, automation of processes, artificial intelligence in customer service, and the introduction of new financial products. Banking innovation aims to address the changing needs and preferences of consumers, respond to regulatory challenges, and leverage technological advancements to streamline operations and deliver better financial solutions.
Fintilect, a leader in hyper-personalized digital banking solutions, has teamed up with DF Capital to enhance online self-service options for business savings accounts aimed at small and medium-sized enterprises (SMEs).…
**Kenya’s Fintech Frontier: Payless Leads the Charge** In a bold move shaking up Kenya’s financial scene, Payless has unveiled its cutting-edge Bank-to-Payless feature. This innovation offers a streamlined way for…