So I have been exploring the mobile banking landscape in KE.
One thing I have noticed is that most of the bank apps do not reveal details about their apps like personal data collection and such.
Now having browsed through enough of them, I have found that these apps are mostly a trial and error, hit or miss activity and some do not disclose any activities at all to their users. Such apps are from stanbic and Coop bank, NIC and NCBA . If you are using any of those, the risks you face are quite high since the data is transmitted unencrypted. KCB app discloses very minimal information, and not full disclosure and it is also unencrypted.
I am impressed though by the apps from Equity bank, stanchart and family bank which have shared full disclosure on their apps, including security details.
What you do with this information is upto you!
One thing I have noticed is that most of the bank apps do not reveal details about their apps like personal data collection and such.
Now having browsed through enough of them, I have found that these apps are mostly a trial and error, hit or miss activity and some do not disclose any activities at all to their users. Such apps are from stanbic and Coop bank, NIC and NCBA . If you are using any of those, the risks you face are quite high since the data is transmitted unencrypted. KCB app discloses very minimal information, and not full disclosure and it is also unencrypted.
I am impressed though by the apps from Equity bank, stanchart and family bank which have shared full disclosure on their apps, including security details.
What you do with this information is upto you!