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NIC enhances mobile banking app

06 August 2014, 09:11

Nairobi - NIC Securities customers can now trade their shares from the palm of their hands following the enhancement of the company's mobile banking application.

Through the banking app, customers can now access the Nairobi Securities Exchange from anywhere and trade shares at their own convenience.

NIC Bank rolled out its banking app last year after converging banking and lifestyle for its customers. This new functionality complements features which allow customers to access their bank accounts and offers services beyond typical banking solutions.

“This flexible trading platform provides extreme mobility by bringing the NOW factor to the NIC Securities clients investment experience. Customers can now trade whenever they want and wherever they are,” said NIC Securities’ General Manager Catherine Karita.

The app ensures that a client’s funds and the markets are never far from reach. It’s designed to allow clients to view their account status, access stock prices, retrieve statements, view portfolio valuations and get instant market updates and tips. It is geared towards enabling NIC Securities client’s to place informed buy and sell orders seamlessly.

The app is said to be the first to be rolled out following the move by the Capital Market Authority (CMA) allowing the Nairobi Securities Exchange to roll out rules and structures allowing Direct Market Access (DMA) earlier this year.

This allows investors to start trading without physically placing orders with brokers. The move by the regulator, CMA, is aimed at making the market more efficient.

 - CAJ News

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