30 August 2015

PCS signs Kenya's Co-operative bank

08 April 2014  |  1389 views  |  0 Source: PCS

PCS, a member of the SingularLogic Group, today announced a deal with Co-operative Bank, one of the largest banks in Kenya, for its flagship product PCS Custody.

The deal marks another win for PCS in Kenya as PCS recently undertook another project in the country. The implementation of PCS Custody will fully support the bank's settlement and custody activities for various portfolios including the bank's and its clients', those of Institutional Investors, Funds and Mutual Funds.

PCS Custody boasts considerable success and has received especially favorable commentaries for its "advanced and modern functionality, as well as for its user-friendly interface" by domestic and foreign banking institutions. To date, the platform has been installed and is operational in major banks in 6 countries.

Co-operative Bank is one of the largest Kenyan banks with a customer base of over 3.2 million and is listed on the Nairobi Stock Exchange (co-opbank.co.ke).

Commenting on the announcement George Xenofos, Managing Director, PCS, said: "We are honored to collaborate with Co-operative Bank and this partnership marks another important win in Kenya. Our impeccable track record and our strong domain understanding of the industry was an important factor for the bank to select PCS after an international tender." 

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Related blogs

Create a blog about this story (membership required)
Your browser is unable to support Flash files.

Top topics

Most viewed Most shared
Android Pay could launch this week
6566 views comments | 26 tweets | 22 linkedin
SunGard system glitch causes havoc for BNY...
6283 views comments | 13 tweets | 12 linkedin
FIS opens Indian financial inclusion lab
6007 views comments | 14 tweets | 2 linkedin
Kenya's NIC Bank links to Twitter and What...
5689 views comments | 27 tweets | 15 linkedin
Wirecard bids for Worldpay - Bloomberg
5183 views comments | 10 tweets | 7 linkedin

Featured job

Basic £90-110K OTE circa £200K NO CEILING
London based with substantial travel in Scandinavia

Find your next job