NCBA Bank has launched its new Sh775.2 million cloud-based corporate banking platform, ConnectPlus, becoming the first bank in East Africa to deploy Intellect’s eMACH.ai Wholesale Banking Cloud system. This strategic move aims to enhance digital financial services for its corporate and SME clients, supporting faster transactions and improved liquidity management.

• Most important fact or figure from the article: The platform cost Sh775.2 million and makes NCBA the first bank in East Africa to use this specific cloud-based system.
• Key person or organization involved: James Gohil, Managing Director of NCBA Kenya, and Intellect Global Transaction Banking (iGTB).
• Notable detail that adds context: ConnectPlus supports Kenya’s government’s Digital Economy agenda under Vision 2030.