NAIROBI, Kenya, June 23 – Faulu is seeking to grow its customer base by targeting large enterprises and corporations.
Through its Host-to-Host banking solution, firms can transfer money between them seamlessly.
The solution is one in a series of digital offerings that the bank is set to roll out this year as part of its strategic move to become a digital-first trader’s bank.
It complements its recent innovations, such as the Faulu DigiCash App and the tap-and-pay digital cards that allow users to transact on the go.
“We are committed to empowering our customers and equipping them with the essential tools to flourish in today’s fiercely competitive business landscape,” Faulu Acting CEO Julius Ouma said.
“Therefore, Faulu Bank’s Host-to-Host solution addresses the increasing demand for convenient and secure banking services, granting our target customers seamless access to a comprehensive range of services through various digital channels.”
Key features that come embedded with the solution include a secure and Interconnected Ecosystem, among others.
Large enterprises and corporations will also have access to a comprehensive service portfolio, such as account management, funds transfers, payment processing, liquidity management, and balance reporting, among others.
“Over and above offering convenience to the customers, the roll-out of e-banking and host-to-host solutions perfectly integrates Faulu into the group thereby bringing the vision of Integrated Financial Service offering to our customers across our different service lines,” Old Mutual Group Chief Operations Officer EA Isaac Nzyoka.
