CBK calls for caution as it opens doors for innovations

KCB Group Chief Executive Joshua Oigara (right) and other delegates follow proceedings at the Euromoney East Africa Conference in Nairobi yesterday. [David Gichuru, Standard]

Central Bank of Kenya (CBK) says it is open to innovation but warned firms against breach of their customers’ data privacy.

Governor Patrick Njoroge said financial innovators must ensure information is not used in any other manner apart from what is permitted by customers.