Case Study: Co-operative Bank of Kenya achieves a 31% profit increase with Finastra's Fusion Essence

Co-operative Bank of Kenya Boosts Profits by 31%

Co-operative Bank of Kenya (Co-op Bank), the country’s second-largest local bank, needed a fast, flexible core-banking platform to support ambitious local and regional expansion, handle millions of customers and scale a growing branch and agency network. Having used Bankmaster since 1995, the bank selected Finastra’s Fusion Essence to replace its legacy systems and deliver the performance and agility required to launch new services and improve customer service.

Finastra implemented Fusion Essence across all 119 branches, consolidating major applications onto a single platform and deploying components like Party Management and Workbench to drive customer insight and rapid product design. The Finastra solution doubled transaction processing speeds, cut end-of-day processing time by 40%, supported a 40% expansion in branches and helped Co-op Bank increase profits by 31% in Q1 2013, positioning the bank for further regional growth.

Co-operative Bank of Kenya

Gideon Muriuki

Managing Director