United Bank for Africa Taps Irish Digital Banking Provider Layer for Digital Driveby Fintechnews Africa 17 June 2021
Ireland’s digital banking platform provider, Layer has announced that it is partnering with United Bank for Africa (UBA) to fuel its digital transformation aimed at providing greater access to a wider range of financial services for its African customers.
Layer is a digital transformation platform that enables large financial institutions to rapidly revolutionise their customer and back-office digital experiences.
This new partnership will see the Dublin-based company add an additional 22 million users to its platform.
Through its collaboration with Layer, the financial conglomerate will be able to provide seamless banking services in different jurisdictions from one central platform without altering core banking systems.
Layer’s proprietary platform enables banks to offer their customers a blend of traditional and neobank capabilities through one single platform that sits on top of core banking systems and connects through API’s.
UBA has implemented all of the capabilities available on the Layer platform to provide end to end digitalisation of their banking services, delivered through a new mobile app and website to 22 million users, across 20 different markets in 4 different languages.
Kennedy Uzok, Group MD at UBA said,
“We conducted a very thorough digital banking vendor/platform evaluation process across the global market considering the advancement in technology, richness of features, ownership cost effectiveness and smooth implementation approach.”
Roy Zakka, Founder and CEO of Layer commented,
“This is an exciting and ambitious partnership in spirit and scale. We are delighted to work with UBA to accelerate the arrival of digital banking services across the continent of Africa and Europe.
We are helping position UBA as a digital first leader across Africa while also helping dramatically reduce their annual spend for mobile applications alone.”
Featured image credit: screengrab from layer and UBA