Firm unveils software to assist banks

Central Depository and Settlement Corporation (CDSC) chief executive Rose Mambo at a past function. Dividend cheques from the Nairobi Securities Exchange worth millions of shillings were sent to the wrong recipients in "shareholders address mix-up". PHOTO | FILE| NATION MEDIA GROUP

What you need to know:

  • Speaking at the launch on Tuesday, Central Depository and Settlement Corporation (CDSC) chief executive Rose Mambo said the launch of the Innova Custody software comes at the right time considering the on going initiatives within the Kenyan capital markets to align it with international best practices.

Kenyan technology firm Innova Ltd has launched a new software that is expected to improve the efficiency of custodian banks by automating their processes.

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