Standard Chartered Bank has been named the best overall bank 2020 in Kenya by the recently released Kenya Bankers Association 2020 Customer Service Survey. The survey done by the association had over 15,000 respondents, including 455 persons living with a disability (PWDs), and covered all the Kenyan counties.
The bank also emerged Overall Best in Responsiveness and Digital Experience in 2020 in the tier 1 category. This was based on feedback from 90% of respondents who ranked the various banks based on the quality of their digital banking offering and overall innovativeness. The bank was lauded for a superior digital banking experience with convenience, efficiency, ease of usage, friendliness of user interface and security cited as the critical factors determining overall user experience.
Commenting on the Award, Edith Chumba, Standard Chartered Head of Consumer, Private, Business Banking for Kenya and East Africa said, “the award reflects the commitment that the bank has made to continuously evolve and grow with our clients for the long term. Our banking experience is pegged on a seamless and safe customer experience which meets clients at their point of need. Our clients are demanding faster and more convenient banking and the rapid adoption of our digital banking solutions is a clear indication that we are on the right path towards becoming a digital leader in the industry. We will continue to innovate and design digital products and services that accelerate growth and transformation of the banking experience across all our markets.’’
Remarking on findings from the survey that digital banking channels recorded the highest usage among customers, especially in the wake of COVID-19, she added. ‘’The pandemic accelerated digitization in most industries and the banking sector, while being early adopters of technology, also had to acclimatize. While the changes driven by the pandemic have been drastic, financial institutions should take the opportunity to leverage on technology and their resources to create partnerships, products and services that are customized and relevant for consumers. Resilience and agility will be key for financial institutions going forward.’’