Appzone has relaunched BankOne, its digital core banking solution for the African fintech and neo-bank ecosystem.
According to the firm, the platform has been re-engineered with functionality expected to drive the exponential growth of fully digital offerings from new Fintechs across Africa.
This relaunch is coming after Appzone’s Series A raise in April 2021.
The company said it was deploying BankOne as a platform for technology-driven financial institutions intending to adopt a 360-degree digital approach that did not involve physical branches or human interaction.
Speaking on the relaunch, the Chief Executive Officer, Appzone Core, Mr Mudiaga Umukoro, said, “For over a decade, BankOne has played an active role in driving the digitisation of Nigeria’s financial services industry.
“The platform has now been repositioned to serve the continent’s growing number of Fintechs and neo-banks. BankOne’s major advantages are market fit and affordability which allow financial institutions to deliver highly relevant products at a fraction of cost while leveraging our numerous integrations with mainstream payment systems to achieve instant interoperability with other industry players at no extra cost.”
The company said it operated in Nigeria, Ghana, Gambia, and Kenya, and that BankOne currently had over 10 million customer accounts with balances totaling $105m while managing over $650m in annual loan disbursements, and $2.9bn in total transaction value.
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Source: Tech firm relaunches digital banking solution