Inlaks to launch Teller Cash Recyclers for First Bank
Leading Systems Integrator, Inlaks played host to hundreds of African industry professionals amongst whom are their customers in Nigeria and around sub-Sahara Africa to exchange best practices and experiences related to the latest achievements in the field of banking, technology and other fields.
The summit themed “Unlocking the Opportunities in the Digital Banking Age” featured over 15 industry experts in plenary sessions and as speakers led by the keynote speaker; Deputy Governor, Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi.
The keynote speaker delivered a speech on “Bank Branches and the Future: The Regulator’s Perspective”, which highlighted that transactions are moving closer to customers with the adoption of various banking channels, including agency banking and POS machines. This brings to bear that though the traditional means of banking is not going away for a while, acceptability remains critical in the customer’s decision which may be influenced by available infrastructure and culture.
Also speaking at the event, the MD/CEO, Inlaks (Africa Operations), Femi Adeoti in his welcome address said that financial service providers need to adapt to the current digital trend and have a concrete strategy to keep them relevant. In his words, “Fintech service providers and banks have to work well together to create a seamless financial experience for consumers in the near future, this can be achieved with the adoption of a future-proof strategies to ensure relevance for years to come”.
Authenticating the unique role Inlaks plays in the financial sector in Sub-Saharan Africa, a new product; The MoniSafe 500, the first of its kind in Nigeria, was launched into the market. The MoniSafe 500 Teller Cash Recycler from Hyosung TNS INC. is a powerful solution in the transformation of the retail banking branch channel. The new machine was unveiled by the Deputy Governor, Central Bank of Nigeria (CBN), Mr. Folashodun Shonubi alongside Mr. Clarence Blay, representative of the Deputy Governor 1, Bank of Ghana, Mr. Maxwell Opoku-Afari highlighting the importance of the machine as key in decongesting banking halls, boost operational excellence in banking activities by using highly scalable technology solutions as the TCR and ultimately customer experience. Also, in a presentation delivered by the Deputy Managing Director, First Bank of Nigeria, Mr. Francis Shobo highlighted the problems of the manual cash operations and the benefits of TCR at FBN since its adoption, noting that about 100 machines are available for the bank’s customers in more than 95 branches.
Some of the major partners of the summit were Temenos, Hyosung TNS Inc, KPMG, CeBIH, Fintech 1000, Kennedia Consulting and Businessday.
Established in 1982, INLAKS is an Information Technology Systems Integrator specialized in the deployment of dynamic and highly scalable ICT Infrastructure Solutions. Our customers cut across various segments including Banking, Telecommunication, Oil/Gas, Power, Utilities and the Distribution sectors of the economy. INLAKS also deploys Commercial/Resource Planning Software and Services to many multinational companies. For more information, please visit: www.inlaks.com.