Emmanuel Tumusiime-Mutebile: Digital transformation in banking, future trend and how to remain buoyant

Remarks by Prof. Emmanuel Tumusiime-Mutebile, Governor of the Bank of Uganda, at the Launch of Standard Chartered Bank (U) Limited's Client Digital initiative, Kampala, 29 January 2019.

The views expressed in this speech are those of the speaker and not the view of the BIS.

Central bank speech  | 
12 February 2019


It is my distinct pleasure to be part of this great evening as Standard Chartered Bank yet again unveils an innovative and revolutionary digital banking initiative.

I take this opportunity to congratulate the Board, Management and staff of Standard Chartered Bank Uganda for pioneering many innovative digital banking solutions in the financial services sector in Uganda, especially in the recent past.

Ladies and Gentlemen, Standard Chartered Bank is the oldest bank in Uganda and its adoption of digitalization can be traced back to the mid-1990s, when the bank was the first to introduce Automated Teller Machines.

The digitalization journey has since seen the roll out of various technology driven business solutions, as the Bank pursued its strategic objectives.