Collaborating to enhance access to advanced Payment Fabric solutions across East Africa, TaiFintech Kenya has teamed up with Stanchion.
Strengthening Financial Institutions’ Modernization Efforts
This partnership was established in line with Stanchion’s mission to assist financial institutions (FIs) in updating their outdated systems and improving secure customer experiences. Recognizing the rising demand for adaptable and future-proof payment infrastructure, Stanchion works closely with TaiFintech to provide FIs access to its Payment Fabric.
This collaboration enables Kenyan issuers to drive innovation within a competitive market by leveraging advanced payment technologies. The partnership aims to address the challenges faced by East African FIs in satisfying digitally savvy customers while remaining compliant with legacy system limitations and operating under resource constraints.
Finnovative Solutions for Financial Institutions
TaiFintech, born from a partnership between BCK Kenya Limited and Strathmore University, specializes in offering comprehensive digital solutions tailored to the specific needs of its clients. With expertise spanning the public sector and financial services, TaiFintech helps institutions navigate through these complexities.
Incorporating new payment methods into the Kenyan market, issuers require partners who can modernize their offerings without disrupting established processes. Stanchion’s Payment Fabric supports cardholders in adding cards to digital wallets like Google Pay or Apple Pay and facilitates secure transactions both online and offline. The platform includes features such as in-app controls for managing card credentials, PIN settings, and transaction limits directly through banking applications.
As a cloud-based solution accredited under the Mastercard Engage Partner Programme, Stanchion’s Payment Fabric streamlines payment processing while integrating seamlessly with existing core frameworks to deliver fintech-level features. The suite of digital services provided by Stanchion includes tokenization, card security codes, PIN management, and issuer services – all designed to help banks meet customer demands for secure transactions.
The partnership underscores Stanchion’s dedication to building a reliable network of partners to support clients across different regions. TaiFintech will leverage its local expertise and market access, complemented by Stanchion’s global delivery capabilities and specialized knowledge in the industry.
