HFC Launches Digital Banking Solution to Boost Growth

CORRESPONDENT NAIROBI, Kenya, July 24 – HFC, the banking subsidiary of the HF group, has launched a digital financial services platform called "HF Whiz" which should accelerate the growth of the bank's digital banking strategy.

This announcement marks a major breakthrough in HFC's strategic focus on digital banking, which combines years of research and technology development with a broad network of partners.

Sam Waweru, CEO of HFC, said: The bank's digital banking platform is part of its business strategy to diversify and expand its retail business while meeting consumer demand by banking transactions. "

" HF Whiz points of contact with greater agility. Our vision is that the digital banking platform will enhance the experience of our customers, provide complete business functionality and boost profitability, "said Waweru

. bank account, access their accounts and perform end-to-end banking transactions directly from their smartphones.

"The platform will allow customers to instantly open an account using their national identity card, transfer up to 200,000 shillings a day, to buy goods and services and make deposits via PAYBILL No. 100400. In addition, -add add features such as budgeting, real-time settlement and unlimited access to unlimited bank account, among others. platform provides our customers with features that will help them manage their bank accounts remotely, "said Waweru.

To criticize fraud, the digital platform has several built-in security layers, including an advanced account authentication feature to guarantee secure transactions.

With over 90% mobile phone penetration in Kenya and transactions estimated at 1.2 trillion shillings in Q2 2017, HFC seeks to be at the forefront of the next generation of providers financial services. With its digital banking platform, we want to deliver value to our customers while demonstrating the technological benefits for our shareholders. We have the right technology in place to handle market changes and industry changes, "said Waweru.

HFC is the banking and mortgage subsidiary of HF Group (and not Housing Finance Group), a Integrated Financial Services Provider: Real Estate Development, Mortgage, Banking and Insurance HFC is currently pursuing a growth strategy that includes client recruitment, deposit mobilization and branch expansion with the goal of becoming a premier bank. rank by 2020.