Inlaks, information technology systems integrator has partnered with Moven Enterprise, leading innovative mobile banking technology platform to provide personalised smart-banking technology solutions to the financial industry.
The partnership, gives Inlaks turn key access into the financial Artificial Intelligence (AI) and Machine Learning (ML) market, provides the company the opportunity to establish a solid ground as a leading, innovative AI/ML financial solution provider in the global banking sector.
Femi Adeoti, managing director, Africa operations at Inlaks, said, “According to the financial report 2019, one of the five innovation trends that will define banking in 2019 is the Artificial Intelligence (AI) predictive banking, which the Moven smart apps technology provides. The report also shows that AI predictive solutions will leverage customer data to provide enriched customer experience while increasing security and efficiency. As a forward-thinking organisation, we have partnered with Moven to ensure we cater to the needs of our customers across various segments.”
Adeoti further highlighted the benefits of the solution to banks and financial institutions to include enhanced customer relationships, generation of new revenue streams, expansion of market reach, reduction in attrition rates, improving customer engagement, faster speed-to-market among other benefits.
Moven offers an innovative technology platform which includes a suite of easy-to-use APIs and a Software Development Kit (SDK), which global banks use to attract, retain and grow their customer base. This technology is proven to significantly reduce attrition, deepen customer relationships and help drive new revenue streams for financial institutions.
Moven provides users with contextual personalised advice as part of the e-wallet mobile app experience. Analysing the expenses daily, the service allows users to track their spending in real time while reducing spending and increasing savings—all to drive financial wellness and good financial habits. An automated tool for tracking spending and encouraging savings provides a way for banks to place themselves on the side of their customers.
Brett King, founder and executive chairman of Movencorp, Inc, said; “We are delighted that Inlaks is embracing Moven’s innovative AI-driven technologies to not only create personalised digital banking experiences for their customers, but also across the region.”
Inlaks is a leading systems integrator in Sub-Saharan Africa. The company partners leading OEMs in the technology industry to provide world-class information technology solutions that exceed the needs of its customers.
Over the years, Inlaks has built a reputation as the foremost ICT and infrastructure solutions provider, helping customers 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 a 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.