Published On: Tue, Oct 4th, 2016

KCB Bank and Oracle drive new digital banking solutions

digital payments finNAIROBI, (CAJ News) – THE Kenya Commercial Bank (KCB) and global technology giant, Oracle, have signed a deal to develop new solutions to drive the lender’s digital banking agenda of the future.

KCB Bank and Oracle on Tuesday hosted over 200 technology developers drawn from across Africa for a one week-long Hackathon Challenge to create cutting edge solutions for the Bank.

As part of the challenge, the developers will be required to create a solution that will help scale up KCB 2Jiajiri, the Ksh50 billion job creation programme launched earlier this year.

The Bank will select the best solutions for roll out as it seeks to create a new platform to connect the thousands of 2Jiajiri beneficiaries –who are being trained under the programme—with business and job opportunities.

The partnership, said the Bank’s Chief Executive and Managing Director Joshua Oigara, is part of the deliberate investments it is making in deepening its digital banking agenda which is a key lever of its future growth.

“The goal of this project is to enhance entrepreneurship competencies to create jobs and reduce poverty. We have therefore envisioned a program along these lines that will facilitate growth of each business and create additional employment opportunities,” said Oigara during the opening ceremony adding,

Senior Oracle executives attended the event and offered insights on developing the solutions.

Oracle Kenya Country Director, Dr. Gilbert Saggia said: “Innovation is the heart of everything we do at Oracle and our cloud solutions are already at the forefront of driving digital transformation across Africa’s public and private sector organizations.”

This contest will also be a platform for the developers who will hail from Oracle’s ecosystem of customers, partners, independent software vendors, user groups and innovation hubs to showcase their Information Technology prowess in problem solving and development.
CAJ News

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