BankOne empowers 250 Micro-finance Banks

22 Jun BankOne empowers 250 Micro-finance Banks

A leading information technology (IT) platform for Micro Finance Banks, (MfBs) 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 automated teller  machines (ATMs), point of sale (PoS) terminals, internet, mobile phones, commercial bank branches and independent agents.

Its  Group Head, Business Development Mr Adelana Adewusi, 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.”

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.

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.

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