HFC Partners with Local Developers for its Digital Banking Platform

On Thursday, HFC welcomed the partnership with local developers to build complementary apps that would enhance its HF Whizz digital banking platform following its launch last month.

HFC, which is a mortgage lending and banking subsidiary of HF Group sought the help of the developers to aid in coming up with a new connected experience for the end user to deliver a tested interoperable solution.

According to the HFC Managing Director Sam Waweru, despite the incorporation of the latest technological functionalities in HF Whizz, the bank is open to new ideas on how to expand its multi-channel customer experience by building native cross-platform applications.

“We are partnering with the local developer’s community to build native functionalities that will differentiate us from competitors. Together we will work to ensure easy integration of their suggestions to promote scalability of the platform,” said Mr. Waweru.

Nekesa Were, an IHub Managing partner, noted that the local developers’ partners are always thrilled in welcoming opportunities to create unique applications that support customer financial freedom.

“In a world that is truly modern, disruptive and fast-changing, tech-savvy consumers are challenging stakeholders in the financial services sector to transform the traditional banking services. That is why as an innovation hub, we seek to create solutions that will help corporates adapt to the ways in which consumers want to be served and experience financial services,” she added.

HF Whizz is the new digital banking platform that allows customers to access end to end banking solutions directly from their smartphones. Customers can instantly open a virtual account using their national identification card and carry out various transactions including the transfer of money of up to 200,000 shillings daily, pay bills, purchase goods and services and get instant loans.

Consequently, the platform provides lifestyle value-add functionalities such as budgeting, real-time settlement, and free limitless bank account access among others. In terms of safety, HF Whizz has multiple built-in security layers including an advanced account authentication feature to ensure secure transactions.

With Kenya having over 90 percent mobile phone penetration and an estimated 1.22 trillion shillings worth of transactions in the Q2 of 2017, HFC seeks to be a frontier in the next generation of financial services providers.

The mortgage lending and banking subsidiary of HF Group has invested heavily in innovation targeted at meeting changing consumer needs and providing solutions that require minimal effort by its customers.