03 December 2016

PCS signs Kenya's Co-operative bank

08 April 2014  |  1493 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)

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comFind out moreVisit contisgroup.com

Top topics

Most viewed Most shared
Royal Mint to issue digital goldRoyal Mint to issue digital gold
6088 views comments | 22 tweets | 21 linkedin
ING pulls plug on P2P payments app TwypING pulls plug on P2P payments app Twyp
5444 views comments | 16 tweets | 15 linkedin
R3 and Calypso to develop blockchain trade confirmation systemR3 and Calypso to develop blockchain trade...
5353 views comments | 13 tweets | 12 linkedin
EBA told that tougher authentication will have a "chilling" effect on single marketEBA told that tougher authentication will...
5327 views comments | 18 tweets | 20 linkedin
UK challenger bank Masthaven opens for businessUK challenger bank Masthaven opens for bus...
5283 views comments | 15 tweets | 13 linkedin

Featured job

to Six-Figure Base, Bonus, Benefits
London, UK

Find your next job