Profile Software powers treasury upgrade at Co-op Bank Kenya

By Vriti Gothi

Co-operative Bank of Kenya has gone live with a new treasury management system from Profile Software, marking a technology upgrade aimed at strengthening automation, risk oversight and operational efficiency across its treasury function.

The Nairobi Securities Exchange-listed lender has implemented Profile’s Acumen. Plus platform as part of a broader strategy to modernise its treasury infrastructure. Founded in 1965, Co-op Bank is the second-largest local bank in Kenya by customer volume and a significant player in East Africa’s banking sector, serving personal, business, corporate and institutional clients.

The move follows an international vendor assessment process, after which the bank selected Acumen. plus to support front-to-back treasury operations. The platform enables straight-through processing (STP) across both standard and more complex treasury products, while embedding risk management capabilities covering credit, market and operational risk.

For mid-tier and large African banks, treasury transformation has become a strategic priority as institutions face rising regulatory scrutiny, increasing product complexity and growing client demand for faster execution. Legacy systems often limit scalability and expose banks to operational risk through manual processes. In this context, automation and real-time reporting capabilities are seen as critical to improving liquidity management and profitability tracking.

According to the companies, Acumen. Plus provides configurable workflows across trading, risk and settlement functions, alongside a reporting engine that delivers real-time dashboards on positions, liquidity, profitability and risk exposure. The platform’s open API architecture is designed to integrate with existing core banking systems and support future digital initiatives.

Mutahe Karuoro, Head of Treasury at Co-op Bank, said, “The implementation addresses key challenges in operational efficiency, risk management, and scalability, adding that the system will enable the bank to better respond to evolving market conditions.”

Evangelos Angelides, Chief Executive Officer at Profile, noted that the cloud-native platform automates front-to-back processes, reducing manual intervention and accelerating transaction processing.

The deployment reflects a broader trend among African financial institutions investing in treasury and capital markets technology to enhance resilience and competitiveness, particularly as cross-border flows and regulatory expectations continue to expand across the region.