Stanchart ally with bounded Fintech firms to barrage academy payments and administering app
By Victor Magunamu, Kenya
Standard Chartered Coffer Kenya has partnered with two bounded Fintech companies, Cellulant and Entech, to advance a adaptable app that will enhance the administering of affairs in acquirements institutions.
The adaptable app has been advised to abode the schools’ fee collection, tracking and adaptation needs.
The App, according to arch of retail cyberbanking at Standard Chartered Kenya David Idoru, will annihilate the adjournment and errors occasioned by the chiral annual adaptation action that is currently acclimated by apprenticeship institutions.
For instance, a academy will be able to balance parents automatically through the arrangement and accelerate the balance anon to the ancestor via the adaptable app.
Upon cancellation of the invoice, parents will be able to accomplish payments, anon at the blow of a on via the aforementioned app into the school’s coffer annual at any time, day or place.
Apart from the accounts administering benefits, the band-aid will additionally accredit a 360-degree advice amid the academy administration, parents and teachers.
“A notification amend is generated already a ancestor has accomplished acquittal and a additional notification issued already the money is accustomed into the school’s coffer account,” Idoru said.
He said that the band-aid has been adapted to automate the adaptation action of all acquittal types including adaptable money, coffer transfers and cards.
“We accept that this affiliation goes a continued way in accretion operational ability accordingly acceptance the schools to focus on their amount authorization which is to accession our approaching generation,’’ Munyi Nthigah, arch controlling Cellulant Kenya said.
Kenya Private Schools Association acclaimed the addition acquainted that it will advance ability in the administering of schools.
“One of the key challenges adverse the area today is the limitation of absolute holistic accoutrement and platforms that can accredit able and able administering of academy operation,’’ said Mutheu Kasanga, administrator Kenya Private Schools Association.
Standard Chartered has invested $1.5bn to adapt its technology globally over three years in a bid to drift over 80 per cent of affairs to non-branch channels by 2020.
The belvedere will be accessible on Google comedy store, IOS and Android.
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