[AUDIO] Barclays Bank invests in innovation to spur growth

People walk near a Barclays Bank branch in the Nairobi central business district, March 1, 2016. Photo/REUTERS
People walk near a Barclays Bank branch in the Nairobi central business district, March 1, 2016. Photo/REUTERS

Barclays Bank Kenya is actively investing in innovation in the banking sector in a bid to spur growth in line with the changing dynamics of industry.

The bank intends to keep up with the growing demands of both customers and stakeholders.

Speaking at the side-lines of the Nairobi Innovation Week on Wednesday, MD Jeremy Awori said the bank wants to foster an ecosystem that encourages innovation in the country.

He said innovation can increase the overall customer experience and added that it would enable Barclays remain competitive among its peers.

President Uhuru Kenyatta, who opened the event, urged the public sector to partner more with the private sector to spur innovation in the country.

He noted that Barclays has curved itself in the niche within the sector.

The Nairobi Innovation Week, which is sponsored by Barclays Bank of Kenya, is an annual weekly event hosted by the University of Nairobi that seeks to champion relevant policy discussions on innovation within institutions and the country.

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