The
business-to-business unit of MTN Nigeria has urged Nigeria’s microfinance banks
to embrace cost-effective and operationally efficient solutions in the
management of their business, as they co-join to better the country’s unbanked
and financially underserved population, ITRealms
reports.
ITRealms gathered that
in a recently held forum in Lagos by MTN Nigeria, with the theme: MTN XaaS – Helping MFIs
Drive Financial Inclusion. Mr. Tsola Barrow, Acting Chief Enterprise
Solutions Officer, MTN Nigeria, who was
represented by Mr. Olutayo Egunjobi, Senior Manager, Enterprise Marketing,
said that technology has become a key differentiator and enabler for businesses,
as a result of this, a Micro-Banking Software-as-a-Service solution was introduced
to take the operations of MFIs to another level.
“MTN Business is committed to delivering value and
driving business growth in Nigeria through tailor-made, productivity-enhancing
solutions. We also recognise that microfinance banks provide a huge funding
platform for SMEs. Thus, enhancing the service delivery of these banks makes
access to funds easier for SMEs, ultimately impacting positively on the
economy,” he said.
In a show of appreciation, ITRealms learnt that the Managing
Director of MBA Microfinance Bank Limited, Mr Bode Ajayi complemented the
initiative, noting that the solution provided remote access and authorization
to carry out transactions from anywhere via a secure private or public
connection.
It is
learnt, as ITRealms gathered that with
the MTN XaaS, MFIs in Nigeria would avoid tying down huge capital in expensive ICT infrastructure since the service
is offered on a subscription model and in addition, provide standard banking
applications in the form of Core Modules and Value Added Services.
Daniel
Nsolibe/GEE
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