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Ngare is credited for pioneering the launch of Finserve Africa, which escapes from traditional banking and introduces modern ways of banking/FILE.

Kenya

He oversaw Equitel, MKey. Now Jack Ngare is leaving Finserve.

Ngare is credited for pioneering the launch of Finserve Africa, which escapes from traditional banking and introduces modern ways of banking/FILE.

NAIROBI, Kenya, Aug 7 – Equity Subsidiary Finserve Africa Managing Director Jack Ngare is set to leave the bank, following his appointment at Microsoft as the Managing Director Africa Development Centre in Kenya.

Ngare is credited for pioneering the launch of Finserve Africa, which escapes from traditional banking and introduces modern ways of banking.

He oversaw the launch of new products such as Equitel, Mkey and the Jenga Payment Gateway, which are based on application programming interfaces (APIs).

The apps have opened Equity’s banking platforms to over 2000 small and medium enterprises.

“We’ve been adding to our team of engineers aggressively, and to have Jack leading this talented group is fantastic,” said Cooperate Vice President Microsoft Mike Fortin.

Africa Development Centre was launched in Kenya in May 2019 with the aim of boosting Kenya’s  opportunity of work on cutting-edge technology, creating solutions for local and global impact, while reinforcing the country’s position as a leading digital innovation hub.

Prior to the appointment, Ngare also worked at British Telecommunications global services, Stanbic and NIC banks across East Africa.

Ngare’s exit comes after the departure of Equity Managing Director Polycarp Igathe who walks back to his former employer Vivo Energy to take up the position of an Executive Vice President in charge of sales across the oil marketing company’s operations in Africa.

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