Faulu Bank eyes market share growth among large enterprises, corporate

By Peter Ochieng

Large enterprises and corporates can now make seamless, real-time and cost-effective transfers between banks and their corporate clients, using the Faulu Microfinance Bank Host-to-Host (H2H) newly availed banking solution.

The solution is one in a series of digital offerings that the bank is set to roll out this year, as part of its strategic move to become a digital-first trader’s bank.

It complements its recent innovations such as the Faulu DigiCash App, and the tap-and-pay digital cards that allow users to transact on the go.

Speaking during official launch of the solution, Faulu Microfinance Bank Acting CEO Julius Ouma said the Host-to-Host solution creates a secure and interconnected ecosystem representing a significant milestone in the bank's transformative journey.

"We are committed to empowering our customers and equipping them with the essential tools to flourish in today's fiercely competitive business landscape," said Ouma.

"Therefore, Faulu Bank's Host-to-Host solution addresses the increasing demand for convenient and secure banking services, granting our target customers seamless access to a comprehensive range of services through various digital channels. This exemplifies our steadfast commitment to innovation and unwavering dedication to the success of our valued customers," he added.

Key features that come embedded with the solution include a secure and interconnected ecosystem that enables seamless transactions between banks and their corporate clients, and the privacy and confidentiality of sensitive financial information.

Others are real-time and cost-effective transfers that facilitate quicker and more efficient financial transactions.

This feature eliminates the need for manual processing, reducing operational costs and streamlining business operations.