By Fredrick Obura
The Kenya Women Finance Trust (KWFT) will invest Sh162 million in its ICT infrastructure to help it cope up with its new role as a deposit taking institution.
The new investment, which comes barely a year after the institution received licence from CBK to take deposits from customers, will help the institution handle customer growth and enhance regulatory reporting.
KWFT Managing Director Mwangi Githaiga said the bank has witnessed massive growth in its customer base to 450,000.
"The new investment will enable us manage the growing demands and sell efficiency to our customers," he said.
Mr Githaiga said the new system would also help the institution deploy Automated Teller Machines and Mobile banking services across the country.
The KWFT new systems will be based on HP’s superdome 2 Solution, which will enable the financial institution manage technological requirement and achieve operational efficiency in service delivery.
HP East Africa Managing Director Ken Mbwaya said KWFT’s technological advancement would help the firm deliver value to customers.