CBK Compliance Ready
M-Pesa Agency Banking
KYC / AML Integrated
ISO 27001 Security Aligned
KDPA 2019 Compliant
About Our Banking IT Practice

Digital Banking Software Built for
Kenya's Financial Sector

Kenya's banking sector is undergoing rapid digital transformation — driven by mobile money penetration, CBK's digital financial services framework, and consumer demand for 24/7 self-service banking. Banks and microfinance institutions that fail to offer mobile banking, digital lending, and M-Pesa interoperability risk losing customers to fintech disruptors and mobile-native lenders.

Algosoft Technologies builds digital banking software purpose-built for Kenya's financial sector — internet banking portals, Android/iOS mobile banking apps with M-Pesa integration, digital lending platforms with algorithmic credit scoring, KYC/AML compliance tools, agency banking solutions, CBK supervisory reporting, CRB integration (Metropol and TransUnion Kenya), and KDPA 2019-compliant customer data management for licensed banks and deposit-taking microfinance institutions.

  • M-Pesa & Mobile Money Integration — M-Pesa account linking, STK Push fund transfers, Paybill loan repayments, interbank transfers via SWIFT/RTGS, and agency banking float management via Daraja API.
  • CBK Regulatory Compliance — Automated CBK supervisory reports, Banking Act compliance controls, AML transaction monitoring, KFIC (Kenya Financial Intelligence Centre) suspicious activity reporting, and IFRS 9 provisioning support.
  • Digital KYC & Customer Onboarding — Mobile-first KYC with National ID IPRS verification, biometric selfie matching, CRB credit check, digital signature, and automated account opening — reducing branch visits for new customers.
150+
Projects Delivered
10+
Years Experience
4.9★
Client Rating
47
Counties Covered
Internet Banking Mobile Banking App M-Pesa Daraja Digital Lending KYC / AML CBK Reporting CRB Integration Agency Banking KDPA 2019
Fixed-Price, Milestone-Based Projects
Security-First Development (OWASP)
Request a Free Banking Demo →
Banking Software Solutions

Digital Banking Systems We Build
for Banks in Kenya

Internet Banking Platform

A secure web banking portal for retail and corporate customers — account overview, funds transfer (local and international), bill payments, loan applications, standing orders, and downloadable statements with 2FA security.

Mobile Banking App (Android / iOS)

A feature-rich mobile banking app with biometric login, M-Pesa account linking and transfers, peer-to-peer payments, QR code payments, real-time push notifications, and mini-statement access — built with React Native for Android and iOS.

Digital Lending Platform

Mobile-first loan application with algorithmic credit scoring, CRB integration, instant loan decisioning, M-Pesa disbursement, flexible repayment schedules, and automated arrears follow-up — for retail, SME, and salary advance products.

KYC & Customer Onboarding System

End-to-end digital onboarding — National ID IPRS verification, selfie biometric matching, occupation and income verification, PEP/sanctions screening, digital signature, and automated account opening without branch visits.

Agency Banking Solution

Agent management portal, float management system, M-Pesa interoperability for agent cash-in/cash-out, commission calculation, agent performance dashboards, and transaction limits management for bank-led agency networks.

CBK Compliance & Reporting System

Automated CBK supervisory return generation, AML/CFT transaction monitoring rules engine, KFIC suspicious activity reports (SAR), IFRS 9 loan provisioning calculations, and audit trail management for Banking Act compliance.

Investment Guide

Banking Software Development Cost
in Kenya — 4 Investment Tiers

TIER 01

Internet & Mobile Banking

$30,000+

4–6 months
Internet Banking Web Portal Android Mobile Banking App M-Pesa Funds Transfer Account Statements & Mini-Statement Bill Payments (KPLC, Safaricom, etc.) Push Notifications & SMS Alerts

TIER 02

Digital Lending Platform

$80,000+

6–9 months
Everything in Tier 01 Digital Loan Application Algorithmic Credit Scoring CRB Integration (Metropol/TransUnion) M-Pesa Loan Disbursement (B2C) Automated Repayment & Arrears iOS App + Biometric Login

TIER 03

Full Digital Bank Platform

$180,000+

9–14 months
Everything in Tier 02 Digital KYC & Customer Onboarding AML / CFT Transaction Monitoring Agency Banking Solution CBK Regulatory Reporting IPRS National ID Verification Corporate Banking Module

TIER 04

Enterprise Core Banking

$400,000+

14–24 months
Everything in Tier 03 Core Banking Integration / Build SWIFT / RTGS Interbank Transfers IFRS 9 Provisioning Engine Multi-Currency & FX Module Open Banking API Layer Dedicated DevOps & SLA Support
All cost ranges are indicative. Banking software pricing depends on regulatory scope, integration complexity, security audit requirements, and number of customer accounts. Request a free scoping session →
Why Choose Algosoft

Why Banks in Kenya Choose
Algosoft Technologies

01

CBK Regulatory Compliance Knowledge

We understand Kenya's banking regulatory landscape — CBK prudential guidelines, Banking Act provisions, AML/CFT requirements, KFIC SAR reporting, and the data governance obligations under KDPA 2019.

02

M-Pesa & Interbank Payment Expertise

Over a decade of M-Pesa Daraja API experience — STK Push, C2B, B2C, and account-to-account transfers — plus integration with SWIFT, PesaLink RTGS, and interbank payment switch networks in Kenya.

03

Security-First Development

Banking software demands the highest security standards. We apply OWASP Top 10 mitigations, end-to-end encryption (TLS 1.3), JWT/OAuth 2.0 authentication, database encryption at rest, and IP whitelisting for all admin functions.

04

Scalable Microservices Architecture

Banking systems must handle peak transaction loads. Our architecture uses microservices, Redis caching, load balancing, and horizontal scaling on AWS or Azure — ensuring uptime and performance under high concurrent usage.

05

CRB & IPRS Integration Experience

We have experience integrating with Kenya's Credit Reference Bureaus (Metropol, TransUnion) and the Integrated Population Registration System (IPRS) for National ID verification — critical for digital KYC and lending decisioning.

06

Post-Launch Security Monitoring & CBK Updates

Banking software requires continuous maintenance — CBK guideline updates, M-Pesa API version upgrades, security patch management, and annual penetration testing. Our retainer plans keep your system secure and compliant.

FAQs

IT Solutions for Banks in Kenya
Frequently Asked Questions

Algosoft builds internet banking platforms, mobile banking apps (Android/iOS), digital lending systems with algorithmic credit scoring, KYC/digital customer onboarding systems, agency banking solutions, AML/CFT compliance monitoring, CBK regulatory reporting tools, and CRB/IPRS integration — all built with security-first principles and M-Pesa interoperability for Kenya's banking sector.
Yes. We integrate M-Pesa Daraja API for M-Pesa-to-bank transfers, bank-to-M-Pesa withdrawals, Paybill loan repayments, and STK Push initiated transactions. Our mobile banking apps also support PesaLink for interbank transfers and can be configured for agency banking cash-in/cash-out via M-Pesa interoperability — making your bank accessible to Kenya's mobile money ecosystem.
Yes. We design all banking software with CBK compliance in mind — Banking Act 2016 provisions, CBK prudential guidelines, AML/CFT transaction monitoring rules, KFIC suspicious activity reporting, and IFRS 9 loan loss provisioning. We also apply KDPA 2019 data protection requirements for customer personal data and ensure audit trail integrity for CBK examination purposes.
Yes. Our digital lending platforms include mobile loan application, algorithmic credit scoring (M-Pesa transaction history, CRB score, employment data), instant loan decisioning, automated M-Pesa B2C disbursement, flexible repayment schedules (equal instalments, reducing balance), automated SMS reminders, and arrears escalation — for retail, salary advance, SME, and emergency loan products.
Agency banking allows licensed third-party agents (shops, M-Pesa agents) to offer banking services on behalf of a bank. Algosoft builds agency banking solutions including agent registration and management portals, float management, cash-in/cash-out transaction processing, M-Pesa interoperability, agent commission calculation, performance dashboards, and transaction limit controls — extending your bank's reach without new branch infrastructure.
Banking software costs in Kenya range from $30,000 for internet and mobile banking to $80,000+ for a digital lending platform to $180,000+ for a full digital bank with KYC, AML, and agency banking. Enterprise core banking integration or builds start at $400,000+. Final pricing depends on security scope, regulatory requirements, number of integrations, and expected transaction volume.
Yes. We integrate with Kenya's licensed CRBs — Metropol and TransUnion Kenya — for real-time credit score queries, outstanding facility listings, non-performing loan histories, and new facility submission. CRB integration is available as part of digital lending decisioning or standalone credit risk management modules within your core banking or loan origination system.
Yes. Banking software requires continuous security management. Our post-launch services include security patch management, CBK guideline compliance updates, M-Pesa Daraja API version upgrades, annual penetration testing recommendations, performance monitoring, and 24/7 incident response under SLA agreements. We also support your team during CBK on-site examinations with audit trail exports and compliance documentation.
Kenya's Banking IT Partner

Ready to Build Your Digital Banking Platform?

From mobile banking apps with M-Pesa integration to full digital bank platforms with KYC and agency banking — Algosoft Technologies delivers CBK-compliant, security-first banking software for banks and microfinance institutions across Kenya's 47 counties.

Request a Banking Demo View Our Projects

Algosoft

Typically replies instantly

×
👋 Hi there!
How can we help you today?
Start Chat
Have a question, need assistance, or looking for expert advice?

We're here to help you!

Please use our contact form. We’re here to provide detailed responses and address any questions you may have.

Talk To Our Experts →
Support Expert
💬

Quick Response

Fast and reliable answers.

🛡️

Expert Support

Professional guidance anytime.

👤

Personalized Solutions

Tailored to your business needs.

×

Download Company Profile

Please fill in your details below to access the company profile.

Submit & Download