Kenya Commercial Bank unveils in-house processing centre

Kenya Commercial Bank has rolled out its in-house processing centre built on TranzWare products from Compass Plus, as part of its strategy to improve overall operational efficiency.

Kenya Commercial Bank has rolled out its in-house processing centre built on TranzWare products from Compass Plus, as part of its strategy to improve overall operational efficiency.

Compass Plus, a global provider of retail banking and electronic payments software to processors and financial institutions, said that the new integrated platform would enhance the bank’s efficiency, increase performance, provide flexibility, and be fault-tolerant.

The project was completed in two stages. Under the first phase, which was completed at the beginning of 2014, the bank migrated its credit and debit cards to the new system, which enabled it to quickly develop and launch new products and services in market.

The second stage of the project includes the full migration of Kenya Commercial Bank’s acquiring network including more than 350 ATMs and 3,000 POS terminals, to the TranzWare platform.

Already a principal member of both Visa and MasterCard, the lender aims to become certified in issuing and acquiring contactless cards from both international payment systems.

The bank believes that the newly integrated platform from Compass Plus will considerably enhance the system usability and minimize service and development costs.

Kenya Commercial Bank retail banking division director Annastacia Kimtai said, "We chose TranzWare because of its reliability, flexibility and the wide range of functionality it offers, which has enabled us to build a state-of-the-art retail banking platform within a short period of time."

"The collaboration with Compass Plus enables us to look forward with confidence as well as to develop long-term plans that will benefit our customers."