×
App Icon
The Standard e-Paper
Informed Minds Prefer The Standard
★★★★ - on Play Store
Download Now

Technology helps banks grow deposit accounts by 30 million

Vocalize Pre-Player Loader

Audio By Vocalize

Online banking solutions. [Getty Images]

The average number of deposit accounts a bank employee handles has increased to 2,495 as financial institutions rely heavily on technology to improve operational efficiencies, a report by the regulator shows.

Technological advances like machine learning (ML) and artificial intelligence (AI) are being deployed by banks to monitor staff performance and understand customers.

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
By Ben Ahenda 8 hrs ago
Boxing
Mixed results for top boxers as Police, KDF lead after first leg
By Joan Oyiela 22 hrs ago
Sports
Kipyegon storms to victory in DL opener
Sports
Kenya basks in 10,000m glory at African Senior Athletics event
Sports
Eldonets and Stanbic Aces win as UoN, Strathmore students falter