Sidian bank feted in digital banking category: The Standard

NAIROBI, KENYA: Sidian Bank formerly K-rep Bank has been named the best bank in digital banking in the country. This was during the 2020 Think Business Awards that were virtually carried out this year due to the pandemic.

The Tier three bank also featured in the second runners up best bank in trade financing in the just ended awards.  
“We are on a journey of positioning the bank as the go-to bank for trade financing and with this solution, we will propel the business to onboard more customers to grow their businesses through our innovative products,” said Chege Thumbi, CEO Sidian Bank.
“Access to credit and innovative solutions is the key driver to growing SMEs in the country, making them more productive and with the latest knowledge of innovation incorporated in our products, this will be a game-changer for our SMEs.”
In the recent study by McKinsey “SMEs have become important sources of innovation and can spur a country’s growth especially by integrating proven practices and technologies is faster and safer and SMEs have a large adoption gap to close. In the same way that emerging markets can grow faster than high-income markets by adopting tested technologies, SMEs can grow faster than large companies by adopting the proven technologies and practices of larger enterprises.”
The bank’s vision has been to be the preferred partner in realizing the entrepreneurial potential in the country and to enable entrepreneurs to create wealth through the provision of transformational financial solutions. The bank has targeted the micro, small and medium enterprise (MSME) sector by providing an array of banking services and solutions.