Branch unveils the Pro edition of its FinTech solutions in Kenya after completing its dues that listed local Century MFB as its subsidiary to alter its operations in driving financial inclusion in East Africa. Branch Pro is an active neo-bank operating in the Kenyan marketplace with additional features that are exclusively powered by the Central Bank of Kenya-issued license to incorporate emerging technology applications.
Recall, Matt Flannery debuted FinTech solutions in 2016 which denotes the start-up company has a physical office in its debut country, India. The FinTech start-up company currently runs through the Nile of neo-bank operations in its host country, but debuted this upgrade in Kenya — Branch Pro is active in Tanzania, Nigeria, and Kenya.
“As the first neo bank in Kenya, Branch International continues to transform the banking landscape through its innovative use of AI technology to implement a risk-based lending model that allows it to effectively meet the credit needs of all its customers, meeting customers’ diverse financial needs. By reducing credit risk with AI algorithms, Branch International ensures responsible lending practices that benefit both individuals and the broader economy,” Branch Managing Director for East Africa Rose Muturi’s commented about the FinTech solutions upgrades.
Muturi’s comment about the FinTech innovation Branch is introducing in her jurisdiction, denotes that the FinTech start-up company purchased the microfinance bank to finesse the Kenyan regulatory system’s rigid policy. Still, the Kenyan regulatory system is yet to assent to a policy framework for digital lenders. Branch Pro depicts the FinTech start-up exhausting its patients on the Kenyans to cordially regulate its affairs.
What is Branch Pro?
Branch is transforming and changing the way loans work by providing the most advanced customer insights, and international fintech best practices. The Pro FinTech solutions by the start-up company introduce services soluble in the market through a combination of world-class data science, advanced customer insights, and international FinTech best practices.
Branch Pro’s easy-to-launch solutions help businesses instantly pay their workers. Instant contractor and W-2 worker payouts, cashless tips, and mileage credit facilities via Artificial Intelligence incorporation. The AI technology will aid the FinTech start-up company in managing the credit/loan risk of over five million users via embedded machine learning and algorithms that leverage the user credit score determination.
