UBA Bank Kenya scooped two awards during this year’s Finnovex Awards. The Kenyan entrepreneurial lender scooped the Finnovator of the Year, as well as the award for Excellence in Product Innovation for the year further putting the bank on a global map.
When it comes to innovation, UBA Bank Kenya has been at the forefront, being among a few lenders who effectively rolled out WhatsApp Banking. UBA Kenya has a WhatsApp banking feature called Leo.
With Leo, one can open an account with UBA Kenya, buy airtime, purchase data, as well as send money. It is one of the fastest modes of banking, and the safest too given the security features that come with WhatsApp.
The WhatsApp application is arguably the best messaging app thanks to its ease of use and the security features that come with it.
Through Leo, UBA Kenya customers can carry out some basic banking activities on their WhatsApp Application simply by chatting with Leo – UBA’s Artificial Intelligence Personality.
The bank was the first one to introduce Instagram Banking in Kenya. Having looked at how important Instagram is to businesses, it was time for someone to come up with a feature that would enable people to transact directly with their bank without having to leave the social media tool, and UBA Kenya has made this possible. You still don’t believe it?
If you doubt the above, it is because you have not interacted with UBA Leo, a virtual banking service by UBA Kenya that lets customers transact while still on their favorite social media sites such as WhatsApp, Instagram, and Facebook.
UBA Kenya has changed Banking as we know it by launching Instagram Banking with Leo the Bank’s Chat Bot. Now unlike ever before, UBA Kenya customers can transact using Instagram.
Rapidly progressing technologies, evolving customer expectations, and a shifting regulatory landscape are opening doors to disruptive innovation in financial services.
From crypto-currencies to big data to peer-to-peer lending, fintech innovations have seized the attention and imagination of customers, investors, and organizations.
Finnovex as a series of Summits creates thought leadership on cutting-edge issues with long-term implications to the industry and lays the foundation for multi-stakeholder dialogues that explore the potential of these innovations to transform the financial ecosystem as well as the risks and opportunities that could emerge from shifts in the way financial services are designed, delivered and consumed in the future.
Finnovex Awards cherish and celebrate outstanding achievements in the banking and finance industry. They are aimed at honoring organizations and individuals, that have consistently demonstrated exemplary performance. These awards set a standard of excellence that is held in high regard.
Finnovex as a brand resonates and revolves around the best and the next innovations that enable excellence. Finnovex Awards cherish and celebrate outstanding achievements in the banking and finance industry. They are aimed at honoring organizations and individuals, that have consistently demonstrated exemplary performance. These awards set a standard of excellence that is held in high regard. They aim to serve as an effective platform for financial institutes to showcase their talent and identify leaders within the industry. Finnovex Awards will not just recognize the endeavors of the most successful banking & financial organizations, but will also set a benchmark, inspiring other organizations to attain their own goals.