KCB Bank commits Sh10m for AfroAsia FinTech Festival

KCB Group has announced its participation and sponsorship of the inaugural AfroAsia Fintech Festival to be held at the Kenya School of Monetary Studies on 15th and 16th July.

The bank on Monday morning released Sh10 million sponsorship package to the Central Bank of Kenya (CBK) and the Monetary Authority of Singapore (MAS) who are the organizers of the first of its kind festival in the region.

The festival dubbed “FinTech in the Savannah” will bring together 5000 participants, speakers and entrepreneurs from Africa and Asia to exchange ideas, forge partnerships and nurture a thriving FinTech ecosystem.

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While presenting a dummy cheque to CBK Governor Dr. Patrick Njoroge, KCB Group Chief Operating Officer Sam Makome said FinTech is a subject that is close to KCB’s heart.

“For the past three years, we have made a significant investment in financial technology in the realization that the future of banking is in digital finance,” said Makome.

The festival will also seek to explore sustainable financial services innovations from emerging Afro-Asian markets.

Some of the speakers expected to make keynote addresses include; Tharman Shanmugaratnam, a Senior Minister in the Singapore Cabinet, CBK Governor Dr. Patrick Njoroge and Ravi Menon, Managing Director of the Monetary Authority of Singapore.

The FinTech Festival also received support from Safaricom and Standard Chartered Bank who provided sponsorship of Sh5 million each.