Appzone has announced plans to digitise banks and facilitate the automation and connection of the financial ecosystem on the continent.
The firm stated it was carving out its Banking-as-a-Service platform from its existing business into a new business entity named Qore to achieve its aim.
In a statement, Qore’s Co-founder/Chief Executive Officer, Emeka Emetarom, said, “As a revolutionary banking innovator, Qore is enabling significant progress for a new era of fully digital banks in Africa. Over the last decade, we have played a remarkable and active role in driving the digitisation of Nigeria and Africa’s financial services ecosystem.
“We are excited about what the future holds for us and for digital banking in Africa, especially since we will now operate as a BaaS-focused business entity going forward.
“Qore’s unique advantages are market fit and cost-effectiveness which allow financial institutions to deliver highly relevant products at a fraction of the cost. We are also leveraging the platform’s numerous integrations with mainstream payment systems to achieve instant interoperability with other industry players at no extra cost.”
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