Bank operators in the country have been urged to invest in cyber security in the sector to protect their investments and savings of their clients.
Information, Communication and Technology Cabinet Secretary Joe Mucheru said bankers should develop technology infrastructure and hire expertise to respond to cyber security challenges and maintain citizen trust in the face of cybercrime.
Addressing bankers during this year’s Think Business Banking Award Ceremony held at a Nairobi hotel, Mr. Mucheru said the institutions should take advantage of technology and be early adopters to gain premium of fast and convenient services.
“The government acknowledges the place of technology in national development and will continue providing an enabling environment for digital banking to thrive’. Said Mucheru.
The Cabinet secretary called on banks to prudently manage their institutions and secure savings by their clients to avoid cases of collapsing banks that erode public trust and incur heavy company and individual losses.
Mr. Mucheru said customers were becoming sophisticated by day and demanded for quality services. He called on managers to innovate services and products that meet customer needs saying it was important to put customers at the center of their services.
During the Award ceremony, that had 25 entries, Equity bank was declared the best bank of the year while its Chief Executive Officer James Mwangi was awarded the Best manager of the year.
By Cheruiyot Korir – May 5, 2017