TKFintech Kenya has joined forces with Stanchion to enhance the availability of sophisticated Payment Fabric solutions across East Africa.

This collaboration aligns with Stanchion’s mission to assist financial institutions in updating their legacy systems and providing enhanced security for customers. As demand for adaptable and forward-looking payment infrastructures grows, this partnership aims to deliver access to Stanchion’s Payment Fabric, enabling Kenyan issuers to foster innovation amid competitive market conditions.

Enhanced Solutions for Financial Institutions in Kenya

Financial institutions (FIs) in East Africa are under increasing pressure to meet the digital demands of their customers while navigating the limitations of legacy systems and limited resources. Leveraging its expertise in both public sector and financial services, TKFintech seeks to help clients address these challenges.

Born from a partnership between BCK Kenya Limited and Strathmore University, TKFintech provides bespoke digital solutions for commercial and academic purposes. The company focuses on offering tailored digital strategies that can effectively integrate into existing infrastructure without causing disruptions.

The Kenyan market is also rapidly embracing new payment methods, necessitating partnerships that can modernize offerings while maintaining the stability of core processes. Stanchion’s Payment Fabric facilitates card additions to digital wallets like Google Pay or Apple Pay and enables secure transactions both in-app and at physical stores. This solution includes in-app controls for managing card details, PIN settings, and transaction limits directly through banking applications.

Stanchion’s Payment Fabric is a cloud-based platform that streamlines and secures payment processing for businesses, allowing issuers to introduce cutting-edge features without the need to replace existing core systems. Accredited under the Mastercard Engage Partner Programme, Stanchion provides a range of digital solutions such as tokenization, card security codes, PIN management, and issuer services designed to meet customers’ expectations for secure transactions.

The alliance underscores Stanchion’s dedication to fostering a robust and trusted network of partners to support clients across various regions. Through the Payment Fabric Reseller Programme, TKFintech will leverage its local knowledge and market access in conjunction with Stanchion’s global delivery expertise and domain-specific insights.