Skip to content
Contact us

Central Bank of Kenya

Client Story

David Luusa

Director, Financial Markets Department at Central Bank of Kenya



Key measurable impact: 

  • STP improved 85%
  • 3 hours reclaimed a day
  • Decommissioned 4 legacy platforms

Central Bank of Kenya optimizes full trade lifecycle with SimCorp One

The Central Bank of Kenya met their long-term strategic objectives by consolidating systems and modernizing operations with SimCorp One.

The business case  

As part of a dedicated strategic initiative, the Central Bank of Kenya identified the need to modernize their investment operations and enhance their existing systems architecture to better support their evolving investment management needs.  

The Central Bank identified several areas for enhancement in their transformation journey:

Data consolidation and integration: eliminate silos between accounting, risk and performance, and portfolio management teams working with different data sets  

Automation of manual processes: streamline reconciliation efforts to redirect staff time toward higher-value tasks  

Product innovation capabilities: gain ability to introduce new investment products more efficiently and quickly  

Enhanced reporting: streamline processes to meet diverse stakeholder needs  

Unified source of truth: establish a single authoritative data source for operational efficiency  

"We were looking to consolidate our systems to create a more streamlined approach to managing our investment workflow. We saw an opportunity to bring together the various components of our investment process into a unified platform."

David Luusa

Director, Financial Markets Department at Central Bank of Kenya

The Solution  

Central Bank of Kenya selected SimCorp One as their true front-to-back solution for full trade lifecycle support. The implementation replaced multiple legacy systems with one integrated platform covering all aspects of their investment operations.

"Full trade lifecycle support was a key factor in our decision," explains Luusa. "We needed a system that would do everything from front to back. Another crucial consideration was SimCorp's track record of working with other central banks. For us, this experience was essential because central banks have unique processes."  

The implementation journey was smooth, with the solution delivered on time and within budget. Despite the complexity of replacing four legacy systems, the project team's collaborative approach ensured a successful transition. "The implementation process met our expectations," says Luusa.

Within 13 months, the Central Bank of Kenya was successfully onboarded with SimCorp One, setting the stage for a pivotal transformation. The implementation has delivered measurable improvements across multiple dimensions - from risk reduction and operational efficiency to accelerated product innovation and strategic decision-making - all of which are detailed in the following business benefits.

"The SimCorp team demonstrated exceptional expertise in central banking operations, which made our transition seamless. Their structured methodology and clear communication at every stage meant we avoided the typical pitfalls of large-scale system implementations."

David Luusa

Director, Financial Markets Department at Central Bank of Kenya

The business benefits

SimCorp One delivered significant operational and cost improvement across the Central Bank of Kenya: 






Quick Facts  

  • Company name: Central Bank of Kenya
  • Headquarters: Nairobi, Kenya
  • Established: 1966  
  • Website: https://www.centralbank.go.ke

About Central Bank of Kenya

The Central Bank of Kenya is responsible for formulating monetary policy to achieve and maintain price stability. The Central Bank also promotes financial stability; an effective and efficient payment, clearing and settlement system; formulates and implements foreign exchange policies; holds and manages foreign exchange reserves; issuing of currency; and is the banker for, adviser to and fiscal agent of the Government. 

 

If you would like to know more, contact us today.

  • Privacy policy
  • Cookie Policy
  • Terms of Use
  • Trademark guidelines

Copyright © 2025 SimCorp A/S