Equity Bank: Repositioning As A Fintech

Lydiah Kiburu, Edward Mungai

Informasi Dasar

79 kali
24.10.331
332.1
Case Studies
Tel-U Gedung Manterawu Lantai 5 : Rak 8a
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In March 2020, the Government of Kenya declared a lockdown to slow down the spread of the Covid-19 pandemic. The lockdown of entire economic sectors put pressure on the adoption of technology to deliver services such as education, training and financial services. Banks had to innovate ways of supporting customers transactions with minimal physical and cash contact. Equity Bank had been implementing a digital banking strategy which had demonstrated successful adoption. Covid-19 accelerated the adoption and usage of Equity Bank’s digital banking by consumers. The bank found itself in a new territory competing fiercely with new and more agile fintechs. Consequently, Dr James Mwangi, the Group Managing Director and CEO of Equity Group, was contemplating the possibility of bringing forward the bank's strategic intention of repositioning as a fintech. He was convinced that such a move would bring massive success to the bank’s digital banking strategy, achieve enhanced efficiency, improve customer experience and attract a new segment of digital-savvy customers. But he needed to carry the Board, his management team and customers along in this repositioning strategy without sacrificing the gains made in the consumers' minds about Equity's brand as a bank.

Subjek

BANK
 

Katalog

Equity Bank: Repositioning As A Fintech
ISSN: 2045-0621
22p.: pdf file.; 3.9 MB
English

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Pengarang

Lydiah Kiburu, Edward Mungai
Perorangan
 
 

Penerbit

Emerald
New York
2024

Koleksi

Kompetensi

 

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