Bank of Kigali (BK) has launched BK TecHouse, a unit set to focus on technology development and creating friendly financial solutions.
BK TecHouse follows the recent launch of BK General Insurance and a program dubbed ‘Urumuri Initiative’ where five excellent technology projects will receive an award of Rwf 60 million.
Regis Rugemanshuro, the CEO of BK TecHouse stressed the need of putting much emphasis on creating technologies that address clients’ problems and meet their needs.
“We have internet services, a program dubbed ‘Urubuto’ which is applied in 29 schools and 22 students. We have security cameras in which we install software enabling a person to monitor people who entered one’s premise in absence. All of them are related to technology and internet,” he said.
“We are developing other projects which will be unveiled soon. They are related to agriculture, health and advertising,” he added.
‘Urubuto Education System’ is one of programs offered by BK TecHouse. It connects parents with children’ education programs where a mobile phone is used to send information between the school and partners in children education.
The system can be used paying school fees, sharing information on the frequency of students’ transactions, borrowing books in a library, asking permissions and following up student behaviors among others.
The Minister of Youth and ICT, Jean Philbert Nsengimana lauded BK for maximizing benefits of technology. “When BK overcomes barriers, and expands activities to social transformations, it is a commendable act,” he said.
“ I can say that other banks should emulate BK because the country’s development will not be exercised by one person , institution , government or one telecommunication company,” he added.
The CEO of BK, Dr Diane Karusisi said that the bank has ambitious expansion programs.
“Considering the Bank’s growth in the past years, where the branch network and investment portfolios grew, it is imperative to note the bank’s activities in fifty years ahead will not be based on increasing branches, but innovations,” she said.
“We will expand activities offering various services like technology services. You already know that we launched insurance services, digital financing, among others.”
Dr Karusisi explained that they invested Rwf 1 billion in BK General Insurance and Rwf 300 million in BK TecHouse.