Co-op Bank migrates to Sh7bn Finacle system

Co-operative bank along Moi Avenue in Nairobi.

Photo credit: File | Lucy Wanjiru | Nation Media Group

Co-operative Bank of Kenya will between Friday, June 9 and Monday, June 12, migrate its services to a new $50 million (Sh6.95 billion) platform that promises enhanced safety and higher transaction speeds.

The system, dubbed Finacle, has been in the works for the past four years and will allow Co-op to improve its banking system, enhance customer experience, cut downtime incidents and enhance transaction security.

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