Chase Bank, iHub partner to develop technologically advanced ecosystem

Chase Bank and iHub have entered into a partnership which will see the two parties co-operate towards the creation of a technologically advanced ecosystem to improve accessibility, offer more affordable and convenient products and services.

The partnership seeks to fully enhance innovation through the use of technology, with Chase bank supporting a number of influential initiatives hosted by the iHub and mlab in technology and enterprise.

Josiah Mugambi, Executive Director, iHub said: “I’m happy to jointly announce the start of this journey and to continue to create opportunities for many to change the world that they live in. The iHub, over the nearly five years it has been in existence has played a critical role in catalyising the growth of this technology ecosystem thus far. It has done this by acting as a connector, allowing world captains in business and technology to meet with aspiring entrepreneurs, as well as developers, engineers, investors and founders to meet.”

The creation of a network that generates great ideas, a pipeline that analyses test and validates various stages of its development and technological capabilities, to successful development that involves the support in incubation, acceptance in testing and user experience, will be the mainstay of this partnership.

It is expected that this support will see Chase Bank make strides to move banking beyond mobile money payments to virtual currencies, cashless economies, with financial services innovation that will extend conversations in the banking sector beyond traditional modes of transacting to a technology driven system, positioning Chase Bank at the forefront in excellence in product development.

Speaking at the event, Chege Thumbi, Group Director IT and Operations, Chase Bank, said that the bank which has long been recognized as an innovative partner that meets the needs of its clients, will fully utilize this partnership to nature the best technologically advanced innovation eco system that will see innovative products and innovative solutions being birthed that will enable our clients to achieve what matters to them most.

Raj Singh, Director of Special Projects, Chase Bank further emphasized that “novelty is at the heart of our operations, we are continually on the lookout for leading edge ideas to provide solutions to our customers, therefore this partnership will give us an opportunity to fully explore these ideas and see how to best implement them for customer satisfaction as well as staff satisfaction where applicable”