I&M Bank launches single regional account and real-time payments platform

I&M Bank Limited has launched a solution that allows its customers to transact seamlessly in three countries through a single account.

The offering known as I&M BRISK allows I&M Bank customers to access real-time withdrawals deposits and funds transfers at any I&M Bank branch in Kenya, Rwanda, and Tanzania using their existing account. In time, the same service will be extended to Uganda and Mauritius where the Group has a presence.

The BRISK solution offers convenience to its customers who have cross-border regional import or export transactions and to those who travel frequently for business within the region.

I&M Bank Kenya, CEO,Kihara Maina said the Bank wants to re-define regional banking by offering its customers a borderless banking experience that lets them manage their finances whenever and wherever they want.

“BRISK provides our customers with one convenient account that caters to all their transactional needs across the Region. Whenever our customers move within the three countries, they will not need to open a new account, they just take their existing account with them,” said Maina.

Maina said the Group’s corporate strategy, dubbed iMara 2.0, seeks to leverage on synergies across the Group’s entities to deliver solutions that meet customers’ personal or business requirements across the region.

“Our aspiration is to go beyond traditional banking to offer our customers across the region all-round financial solutions that address their expectations of a true financial growth partner who helps them to meet their financial and lifestyle requirements,” he concluded.

I&M Bank has placed digitisation at the core of its corporate strategy and has invested in advanced data analytics to inform data driven decision making in development of its financial solutions.I&M BRISK is an addition to the Bank’s robust digital offerings and will support the Bank’s business growth initiatives by ensuring that the Bank simplifies banking for its customers across the Eastern Africa region.