{"id":51106,"date":"2024-07-30T10:38:00","date_gmt":"2024-07-30T10:38:00","guid":{"rendered":"https:\/\/new.igihe.com\/bank-of-kigali-plc-partners-with-veefin-solutions-to-pioneer-digital-lending\/"},"modified":"2024-07-30T10:39:04","modified_gmt":"2024-07-30T10:39:04","slug":"bank-of-kigali-plc-partners-with-veefin-solutions-to-pioneer-digital-lending","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/bank-of-kigali-plc-partners-with-veefin-solutions-to-pioneer-digital-lending\/","title":{"rendered":"Bank of Kigali Plc partners with Veefin Solutions to pioneer digital lending innovation in Africa"},"content":{"rendered":"<p>This partnership aims to drive full-scale digital transformation across Corporate, SME, Agribusiness, and Retail segments. <\/p>\n<p>With this collaboration, Bank of Kigali will become the first financial institution in the country to offer a fully digital, hyper-personalized experience to its customers.<\/p>\n<p>Veefin will empower Bank of Kigali with its flagship suite of comprehensive SCF and Digital Lending solutions.<br \/>\nThis includes a self-on boarding module available across all channels, automated digital underwriting of loans via the Loan Origination Solution (LOS), and efficient transaction management through the Loan Management Solution (LMS), complemented by an advanced Debt Recovery System.<\/p>\n<p>{{Leadership Insights}}<\/p>\n<p>Dr. Diane Karusisi, CEO at Bank of Kigali explains that this is yet another milestone in the Bank\u2019s digitization journey.<br \/>\n\u201cThe partnership with Veefin will help us boost efficiency and improve transparency in our loan processes. Our esteemed clients will be able to apply for any credit product using BK digital channels and will enjoy faster turnaround times,\u201d she said.<\/p>\n<p>Raja Debnath, Managing Director, Veefin Solutions said \u201cBank of Kigali\u2019s decision to partner Veefin\u2019s advanced SCF and Digital Lending solutions underscores their commitment to innovation. <\/p>\n<p>Africa and especially Rwanda is at the epicentre of technological adaptation and innovation, multiple banks in the region have shown significant interest in implementing Veefin\u2019s solution, reflecting a broader trend towards adopting cutting-edge financial technologies to efficiency. Our partnership with Bank of Kigali will set new benchmarks in the continent for other lenders to follow\u201d<\/p>\n<p>{{About Bank of Kigali Plc}}<\/p>\n<p>Bank of Kigali, established in 1966, is Rwanda\u2019s leading financial institution dedicated to driving the nation\u2019s economic growth. <\/p>\n<p>Through its wide range of banking services catering to individuals, small and medium enterprises (SMEs), agribusinesses and corporate customers, the bank has played a pivotal role in fostering economic resilience, innovation and community development.<\/p>\n<p>To meet the evolving customer needs, the bank embarked on a digital transformation journey and has set an ambition to become a leader in innovation and financial inclusion.<\/p>\n<p>Bank of Kigali has been frequently recognized as the best bank in Rwanda by Global Finance Magazine, Euromoney and The Banker. <\/p>\n<p>These accolades reflect our unwavering commitment to customer centricity and excellence in the banking sector.<\/p>\n<figure class=\"spip-document spip-document-73287\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6043.jpg\" alt=\"With this collaboration, Bank of Kigali will become the first financial institution in the country to offer a fully digital, hyper-personalized experience to its customers.\" \/><\/figure>\n<figure class=\"spip-document spip-document-73288\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6046.jpg\" alt=\"Dr. Diane Karusisi, CEO of Bank of Kigali (left), highlighted the milestone of this partnership, aiming to boost efficiency and transparency in loan processes for their clients.\" \/><\/figure>\n<figure class=\"spip-document spip-document-73289\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6051.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-73290\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6057.jpg\" alt=\"Bank of Kigali Plc have partnered with Veefin Solutions to pioneer digital lending innovation in Africa. \" \/><\/figure>\n<figure class=\"spip-document spip-document-73291\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6064.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-73292\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6053.jpg\" alt=\"Raja Debnath, Managing Director, Veefin Solutions. \" \/><\/figure>\n<figure class=\"spip-document spip-document-73293\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/0q9a6059.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>{Bank of Kigali Plc, one of Africa&#8217;s leading and most transformative banks, and the largest commercial bank in Rwanda, has partnered with Veefin Solutions, a global leader in Supply Chain Finance (SCF) and Banking-as-a-Service (BaaS) solutions.}<\/p>\n","protected":false},"author":62,"featured_media":2000073294,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-51106","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":8}],"featured_image":{"id":2000073294,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/0q9a6046.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/0q9a6046.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/0q9a6046.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/0q9a6046.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/0q9a6046.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/0q9a6046.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51106","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51106"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51106\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000073294"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51106"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51106"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51106"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51106"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51106"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}