Equity Bank has finally launched its EazzyBanking suite of applications, a banking as a service platform aimed at disrupting itself through innovative technology to support its customers convenient lifestyles.
According to the bank, EazzyBanking range of digital products are channel agonistic on a versatile technology and capability platform to fulfill customers demands for digital banking. More than 80% of all loans in the bank are now being accessed through the mobile phone showing an increasing desire for self service banking.
According to Dr. James Mwangi, Equity Group CEO, ”Customers’ banking trends have declared the death of the bank branch as transaction channel, as they increasingly embrace self-service technology platforms that give them freedom, choice and control.”
Eazzy Banking promise to give customers an easy, comprehensive and secure experience while supporting a convenient lifestyle for Kenyans transacting both in the country and abroad. Dr. James says the move is a response to customers’ evolving and sophisticated lifestyle-they value more free time and prefer to spend it with family and doing what they love. They prefer self-service digital banking. They also have a higher preference for convenience in payment platforms and access to loans.
Apart from Oracle, the group enlisted several high level partnerships and world leading experts in banking technology, security, big data aggregation and analytics ensuring a high availability, agile and secure operating environment.
Oracle provided software and hardware technology and engineered the platform and cloud service, Apigee provided the API platform to support the self-service developers’ portal for innovations, Airtel support the Equitel MVNO capability, OpenWay provided a card management platform and Infosys provided the core banking platform. Experian MicroAnalytics provided the bank with a robust credit scoring platform that aggregates all its data sources to analyze the customers
Other partners include Paladion for security operations monitoring, CISCO for Network infrastructure, and IBM for core banking infrastructure.
Below are the banking suits under Equity Bank’s EazzyBanking banking as a service platform.
Eazzy Pay
You can now pay for bills, goods and services straight from your phone using; Your Equitel Line, Equity Bank App (Eazzy App) or Mobile money (Mpesa Airtel Money and Orange Money) Look out for outlets with an EazzyPay Accepted Here signage; at shops, supermarkets, airlines, petrol stations, hotels, canteens as well as online.
Eazzy App
EazzyApp is your Bank anywhere, anytime. Everything you do at the bank is now on Eazzy App. From sending money to paying for goods and services, accessing Eazzy loans, paying bills, checking the status of your account or saving for your future goals, it is all in your hands.
Download the Eazzy App from Google Play Store or the App Store today
Eazzy Loan
Get an Eazzy loan of up to Kshs. 3million instantly on your phone. You don’t have to fill in any forms and no need for guarantors. What’s more, you can monitor your loan balance and make repayments through your Equitel line or use the EazzyApp.
You can access Eazzy Loan from Equitel, EazzyApp or EazzyNet
Eazzy bank account
Opening an Equity Bank account is easy. Simply dial *247# from your current local mobile network and open one instantly, hapo hapo. Download the EazzyApp and start doing your banking anywhere, anytime through your phone; pay bills, buy goods and services for free, send money for free, apply and get a loan, check your account balance, withdraw money from an agent or ATM and much more.
Eazzy Chama
This is an online solution that allows Joint, Investment, Group or Chama account holders to manage their group activities like record keeping and banking transactions, while maintaining transparency and accessibility among all group members. This solution allows group members to monitor group transactions, track personal transactions therefore saving time and work efficiently
Multiple approvals
Good news to holders of Joint, Group and Chama accounts. You can operate your joint account straight from your phone. No matter where you are, you can now use your Equitel line to approve group account transactions using your PIN. Multiple approvals allows signatories to transact wherever they are eliminating the need to physically meet in order to sign a cheque or to authorize transactions. It is safe, secure and convenient.
Eazzy Net
EazzyNet, offers our retail customers better online experience. Our new look and improved features enhances your online banking experience, making it easier to navigate through the platform. Bank anywhere, any time. The platform also enables PayPal account holders to withdraw their funds direct to their Equity Bank accounts within three business days.
Eazzy Biz
This is a robust, secure and comprehensive Cash and Liquidity Management solution that incorporates Payments, Collections & Receivables, Liquidity Management and Host to Host (H2H) modules to cater for Cash Management requirements of Corporate and SME clients. Seamlessly integrated, it gives you a global view of your cash position, enables you to make payments, manage your cash flow and balances across multiple currencies and locations. EazzyBiz offers a great user experience, unified view of accounts and has information rendering capability through analytics and management dashboards.
EazzyAPI
With Eazzy API, application developers, businesses, institutions and payment providers can now leverage the full capabilities of a digital bank. We have exposed the bank’s capabilities in the form of APIs for direct integrations to your systems or customers with bank grade security at the heart of such implementations. These APIs include: Funds transfer (within and outside Equity), Airtime top up from any telco at a discount, Pay bills, goods and services, Instant Equity account opening and much more. https://developers.equitybankgroup.com
