Sopra Banking Software (SBS), a global leader in financial technologies, have announced that TAJ Bank Limited, has start-up non-interest banking institution with head office in Abuja, which is now live with Sopra Banking Platform Core Amplitude Up, the Core Banking System from Sopra Banking Software.
The API-first Cloud-agnostic solution has been implemented following Sopra Banking Software model bank approach, in line with the Nigerian regulations and the non-interest Banking requirements.
Recall that Taj Bank was given full license by the Central Bank of Nigeria (CBN) in 2019 and went live in a record 6-month implementation project, led by Sopra Banking Software allowing for a smooth take-off of Business by the bank.
The Founder and Chief Operating Officer, Hamid Joda, in a statement yesterday, said: “We are pleased that Sopra Banking Software has helped us to start our banking activity.
“Sopra Banking Software has demonstrated its commitment to make our ambitions a reality. Taj Bank aims to be number one in non-interest Banking market in Africa. Sopra Banking Software is delighted to support Taj Bank in its opening and we are proud to have earned their trust during this tight deadline project.
“This project has enabled us to demonstrate that our Software and Services banking capabilities are truly the solution of choice for banks in Nigeria looking at operating in a fast-changing banking environment, aimed, amongst other things, at facilitating financial inclusion. Comments Raouf Mhenni, MEA Managing Director, Sopra Banking Software.
Meanwhile, the Chief Operating Officer of Consulting limited, Sopra Banking Software in Nigeria, Dennis Omoroseghe, said that IT system modernization and legacy system replacement remain a high priority for most Nigerian banks as they look to bridge the widening gap between front-office and back-office operations and services.
“Taj Bank in its deliberate effort to avoid this challenge in the near future has selected and successfully implemented Sopra Banking Amplitude as its mission critical application.
Speaking, About Sopra Banking Software: “Sopra Banking Software is the partner of choice for more than 1,500 financial institutions worldwide. The rich variety of our solutions, the strength of our conviction and our passion for innovation enable us to support our clients on a daily basis and in their future projects, as well as in their goals regarding financial inclusion.
“Our customers, based in over 80 countries around the world, benefit every day from our technologies and software, as well as the expertise of our 5,000 employees.
“Sopra Banking Software is a subsidiary of the Sopra Steria Group, a European leader in consulting, digital services and software development. With more than 46,000 employees, the Sopra Steria Group generated a turnover of €4.3 billion in 2020. For more information, follow us on LinkedIn, Twitter & Instagram or visit www.soprabanking.com”.