Standard Chartered unveils Sh83 million Digital Bank

Standard Chartered Bank has launched SC Mobile Digital Bank for its retail customers with enhanced features at a cost of Ksh 83.4 million. The platform will now allow clients to open an account in less than 15 minutes, transact, save, borrow, invest, insure and protect their wealth online without having to visit a branch.

The digital bank platform will provide over 68 services on your phone including updating account information, activating or stopping your Card, bill payments; stopping or blocking a cheque, creating or terminating a fixed deposit and transferring funds locally and internationally, among others.

Speaking at the launch, Standard Chartered Bank Kenya Managing Director and CEO Kariuki Ngari said the full end to end digital solution can be accessed by downloading or upgrading the SC mobile App via Google play store or Apple store and is available for both existing and new clients to open a Standard Chartered Digital Life Account anywhere, anytime

“In response to growing consumer demand for innovative banking services, our clients will be able to enjoy the convenience of banking on the go, anytime and anywhere, along with a consistent online experience. In a nut shell, our clients do not need to stop doing what they love doing, for example spending time with their loved ones, teeing off, taking a spot-kick, relaxing, or even taking time off work, to do banking; the Bank is now available at the palm of their hands; anywhere, anytime, anyhow,” Mr. Ngari said.

He said the Bank will continue to make strategic and sustainable investments in technology that will complements its innovation agenda, as well as enhance its digital offerings and client experiences. Additionally, the roll out will also see the Bank engage in strategic local alliances to create an appealing lifestyle banking proposition.

“At Standard Chartered, we have responded to new trends and the evolving needs of Kenyans with a strategic intent of being Digital by Design through innovation and technology. Digitalisation to us means a disruption from traditional and conventional ways of banking to transforming banking business to conform to the lifestyles of our clients,” Ngari said.

Kenya is the fifth market in Africa within the Standard Chartered network to launch the digital only retail bank alongside Cote D’vore, Ghana, Tanzania and Uganda.