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KBA research reveals uptake in banking technology-led services,products

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KBA Chief Executive Officer Dr. Habil Olaka has advised the banking industry to embrace emerging technologies to stay afloat during the Corona Pandemic

Dr. Olaka also observed that in light of the Coronavirus pandemic, the demand for banking technology-led services and products has gone up rapidly, noting that despite the disruption the industry has continued to resiliently navigate the challenging business environment

H has said that the technology platform addresses matters on the implications of the ever-changing market structure on credit allocation and pricing as well as the value proposition of the banking industry players.

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The KBA research focuses on the policy and regulatory environment underpinning the banking industry operations, with a specific focus on how this relates to market stability, credit allocation, market structure, and the strategic regulatory intention of steering the market in the direction of optimizing its role in socio-economic development.

The Research conference shares insights on how the banking industry’s structure – along with the behavioral dynamics of non-financial economic agents expectations – influence credit pricing in the economy within the current regulatory environment.

Treasury Cabinet Secretary Amb. Ukur Yattani underscored the need for the banking sector to continue optimising its operational resilience to sustain business the industry’s contribution to the economy in light of the COVID-19 pandemic.

Other topics addressed focuses on factors that influence bank deposit mobilisation and credit creation; responsiveness of the industry to lending changes in credit demand expectations; the influence of financial technology on financial inclusion; regulation and bank stability; and an evaluation of the interaction between competition and access to finance in the economy.

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