CR2, leading channel banking software company and partner of Global Info Swift has been awarded for ‘Excellence in Channel Banking Software Solutions’ at the Nigeria edition of New Age Banking Summit 2018.
Now in its eighth year, the annual summit, organised by UMS Conferences, and held in Lagos, is a distinguished knowledge-sharing forum of carefully selected senior banking and technology experts who provide insights into the key trends and challenges of banking in the digital era.
With 100 banks in total, including Stanbic Bank, ABSA, Diamond Bank, Standard Chartered Bank, Access Bank and other reputable banking institutions across Africa using CR2 services, the recognition for excellence is said to be well deserved, as the companies has succeeded in providing cutting edge fintech solutions that have helped in the digital transformation journey of many financial service providers.
The announcement of CR2’s New Age Banking Award came at the end of the first day of the two-day conference, which is widely considered as one of the most prestigious occasions on Africa’s fintech calendar.
The leading global banking software company, has developed a strong market presence across Africa, and today enjoys significant growth in Nigeria, where two of the country’s biggest banks, (Diamond Bank and Access Bank) serve as its customers.
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Fintan Byrne, chief executive officer of CR2, who accepted the award on behalf of the company, said; “We are thrilled to receive this recognition. Our footprint across the African continent continues to grow significantly, largely due to our award-winning technology, but also our knowledge and expertise of the shifting market dynamics in each local African country”.
During a press briefing to announce the company’s achievements, Mike Brady, chief operating officer, CR2 said “the company’s solutions are preferred because we try to work with already deployed technology in the banks to help the banks cooperate and compete with other financial service providers.”
“In the case of mobile money or mobile banking, where the telecommunications operators play a major role, our solutions help the banks to cooperate with the systems so that transactions can be as seamless as possible and in the case of fintech companies, we help banks remain competitive with our solutions. We have launched the revolutionary Amole in Ethiopia specifically for financial inclusion,” Brady said.
Also speaking to journalists, Kieran Kilcullen, chief commercial officer, CR2, said that the company is dedicated to the Nigerian and African market as it continues to invest hugely this region which is responsible for 70 percent of its business.
“For the past 15 years, CR2 has engaged in trainings for local expertise. There is a lot of investment in research and development and skills transfer, hence our strong partnership with Global Info Swift (GIS). Our presence in Nigeria which is one of the biggest markets in Africa, helps us to envisage the needs of other African countries,” Kilcullen said.
Afolabi Oke, managing director, Global InfoSwift Limited said; “we understand that the company is very committed to local content and this is why CR2 has partnered with us to train and use local expertise.”
With headquarters in Dublin, Ireland, CR2 which means ‘creating results together’ has more than 100 retail banking customers in over 60 countries.
Founded in 1997, the Irish vendor has earned a respected reputation as an enabler of digital transformation through its integrated self-service ATM, internet and mobile platform, BankWorld.
Jumoke Akiyode-Lawanson
