Inlaks, the leading African systems integrator and financial technology solutions provider, has been named the Financial Inclusion Platform of the Year implementation partner of the Integrated National Association of Microfinance Banks Unified IT Platform (NAMBUIT) at the eight edition of the prestigious Banks’ and Other Financial Institutions (BAFI) Awards 2020.
The BAFI Awards were created to celebrate organisations, teams and individuals that have achieved excellence in the delivery of financial services across the customer spectrum. The Awards are adjudged as the most rigorous, prestigious and transparent awards program in the Nigerian financial services industry as judges’ decisions are usually a product of a diligent process.
BusinessDay (the organizers of the award) implemented an audit-based approach in the evaluation process, meticulously reviewing each shortlisted company’s financial and non-financial achievements, using customer perception surveys and analyst opinion, amongst other valuable information sources, to ensure an objective assessment of all nominees in a longitudinal study.
Inlaks came tops ahead of competitions to pick up the award on Saturday, November 28th, thus further entrenching its position as Africa’s leading systems integrator.
NAMBUIT is a unified information technology platform built by Inlaks to service Microfinance banks on behalf of CBN and the National Association of Microfinance Banks (NAMB). Its aim is to enhance financial access, inclusion and sustainability of the microfinance institutions on value chain financing and ensure the growth of small and medium scale enterprises.
The NAMBUIT platform also runs on Temenos T24 Inclusive Banking System (IBS) and implementation is managed by Inlaks in accordance with global best practices, with support from the Central Bank of Nigeria (CBN) and the National Deposit Insurance Corporation (NDIC).
Speaking on the award, Mr. Femi Adeoti, Inlaks Managing Director/CEO, African Operations, said the award is a reminder for the company to continue to raise the standards. He added that Inlaks is committed to deepening financial inclusion in Nigeria by expanding access to affordable financial services to many unbanked and under-banked in the country.
According to him, “Inlaks will ensure that it continues to provide access to world-class Core Banking Application (CBA) with high scalability and flexibility used by top institutions in the world”.He said the company will continue to seek innovative ways of creating and delivering suitable set of banking services that will ensure appropriate use of the National Payment System (NPS).
“At Inlaks, we are committed to investing in the right solutions and in the best talents, as we seek to provide value for all stakeholders whilst deepening financial inclusion and expanding access to affordable financial services,”
Over the years, Inlaks has built a reputation as the foremost ICT and Infrastructure Solutions Provider, assisting customers to effectively seize new market and service opportunities.With an impressive customer base that includes six Central Banks in West Africa, 18 of the 24 banks in Nigeria and other major customers in the West African region, Inlaks has become the dominant Information Technology Company in Africa.
Inlaks’ customers cut across various segments including Banking, Telecommunication, Oil/Gas, Power, Utilities and the Distribution sectors of the economy.