CBK and bankers develop electronic collateral registry to help borrowers switch lenders

Source: Tech Trends Kenya By By George Kamau

The Central Bank of Kenya (CBK) and the Kenya Bankers Association (KBA) are developing an electronic collateral registry intended to make it easier for borrowers to move secured loans between banks, as the regulator seeks to strengthen competition and reduce the cost of credit. CBK Governor Kamau Thugge told the National Assembly’s Finance and Planning …

This is a summary provided by Tech Trends Kenya. Read the complete story on the publisher’s website.

Continue reading at Tech Trends Kenya ↗

More in Technology

See all →

Cookie settings

Choose which cookies we may use. You can change this at any time from Cookie settings in the footer. Details of each cookie are in the Cookie Policy.

Strictly necessary

Needed for sign-in, security, payments and remembering these choices. Always on.

Preferences

Remember settings such as dark mode.

Analytics

Help us understand visits and countries – anonymous and aggregated.

Marketing

Used to measure and personalise adverts and social media content.