By Kokumo Goodie, Lagos, Nigeria
One of Africa’s leading Information Technology platforms for micro finance banks, BankOne, has announced the signing up of its 250th client.
The platform, which was launched by software company, AppZone in 2011, is designed to achieve end-to-end automation of financial institution operations while exposing core services to end customers through multiple alternative channels nationwide including ATMs, POS terminals, Internet, Mobile phones, Commercial Bank Branches and independent agents.
Mr Adelana Adewusi, Group Head, Business Development for BankOne, in a brief interview to mark this extraordinary achievement 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 Microfinance sector.”
The company believes that 250 Microfinance banks across the country on its platform further positions the BankOne 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.
Built for the African environment, the platform 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. 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.
BankOne also boosts the reach and customer base of target financial institutions by leveraging alternative Banking channels and integration to mainstream payment systems as well as interoperating with other industry players. BankOne utilizes feedback from existing and prospective clients to achieve continuous incremental enhancements, combining state-of-the-art software development technology, with innovative product concepts to deliver a platform that is tailored to meet the needs of Microfinance and other target financial institutions in Nigeria.
BankOne is a flagship product of AppZone limited; a Nigerian software company that was established in 2008 and has grown to become Africa’s No. 1 provider of home-grown software solutions for the financial services industry. AppZone creates disruptive solutions that expand the scope and competitiveness of institutions in the financial services industry and then delivers these solutions using agile technology and global best practices
AppZone is an affiliate of South Africa’s foremost IT services group; Telkom, with Telkom holding a minority equity stake in AppZone which was acquired through its wholly owned subsidiary; Business Connexion in June 2014.