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BankOne platform drives 250 micro-finance banks across Nigeria

BankOne platform drives 250 micro-finance banks across Nigeria

BankOne, an information technology (IT) platform for Micro Finance Banks (MfBs) designed by Nigerian software maker,  AppZone, has announced the signing up of its 250th client.

The new signup is a key milestone, the company says, noting that the platform was designed to achieve end-to-end automation of financial institution operations while exposing core services to end customers through multiple alternative channels nationwide including automated teller machines (ATMs), point of sale (PoS) terminals, internet, mobile phones, commercial bank branches and independent agents now empowers 250 MFBs.

According to the AppZone, the platform which is built for the African environment is deployed centrally as a shared service on secure cloud infrastructure to manage operations and enable alternative service delivery channels for small retail banks and microfinance institutions.

BankOne provides its financial institution customers with a world class core banking solution, and an electronic financial transaction platform in partnership with electronic payment providers, AppZone further says, adding that it also provides financial institutions with complete and tailor-made automation of operations at an affordable rate, and minimal requirement for IT infrastructure and expertise.

The company believes that 250 MfBs across the country on its platform further positions the firm’s platform to achieve one of its key goals which is to enable the entire microfinance industry segment remain competitive, achieve rapid growth, operate profitably, and make significant economic impact.

Speaking on the new signup, Mr Adelana Adewusi, Group Head, Business Development said, “we are very happy about this milestone, we are proud of BankOne and are grateful to our customers. We will continue to deploy this great product of ours until we are represented in every country of the continent and have thereby enabled the much needed transformation in Africa’s budding MfB sector.”


Elizabeth Edozie Technology Journalist @Technology Times 08077671659 elizabeth.edozie@technologytimes.ng

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