The Cooperative Bank of Kenya has signed up for Misys’s BankFusion Universal Banking technology to cover trade finance, treasury functions and retail banking operations.

The Nairobi stock exchange-listed bank licensed the technology solution to increase its production portfolio, enhance the quality of services and expand the bank’s market share.

“The new agreement is an important milestone for Misys as it marks another large-scale sale and implementation of BankFusion Universal Banking in East Africa,” the tech-firm says in a statement.

The Cooperative Bank has used Misys solutions for the past 15 years, but was looking for new technology to automate the majority of the bank’s consumer, corporate and treasury operations.

“The new agreement is an important milestone for Misys.”

“We have been a partner to Cooperative Bank of Kenya for many years and we are pleased that they continue to be satisfied with our solutions and services.The new Misys solutions being implemented will be crucial in helping the bank in its plans to expand its product portfolio and widen its market share in the country and across other African markets,” says Roy Froud director, Middle East and Africa at Misys.