Banks can stay relevant despite growth of FinTech

Whatever way you look at it, traditional banks with a major presence across Kenya and beyond have faced more than their fair share of challenges lately, with a few banks being taken over forcing them to close shop over the last few years, and others having to send hundreds of staff home as part of restructuring activities which involve closure of branches and a shift to mobile and digital banking.

Accountancy professionals working alongside CFOs, FDs and management accountants working across the entire finance function have been tasked with the key objective of recovering momentum after major issues including reputational challenges; accounting, tax and regulatory change; not to mention business restructures driven by both external and internal factors.