• Latest
  • Trending
Appzone Group Carves Out new company to Digitize African Banks

Appzone Group Carves Out new company to Digitize African Banks

November 29, 2022
South African investment giant raises caution on Bitcoin ETF risks

South African investment giant raises caution on Bitcoin ETF risks

September 26, 2025
OpenAI’s ChatGPT Pulse now available for Pro users

OpenAI’s ChatGPT Pulse now available for Pro users

September 26, 2025
MSport 2025

MSport 2025: Nigeria’s #1 Sports Betting Site, Powered by Chelsea & BVB

September 25, 2025
MNT-Halan introduces Egypt’s first secure lending solution via Halan App

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

September 25, 2025
Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

Visa, intella partner to boost MENA’s financial institutions with Arabic conversational AI

September 25, 2025
Airtel Africa invests in education with 100 scholarships and new tech hubs

Airtel Africa invests in education with 100 scholarships and new tech hubs

September 25, 2025
SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

SINOTRUK enters Libya with Aseel Auto as exclusive distributor in Benghazi

September 25, 2025
Tango Brook launches digital card for fuel management

Tango Brook launches digital card for fuel management

September 25, 2025
AI in Nigeria announces 3rd edition of InnovationAI

AI in Nigeria announces 3rd edition of InnovationAI

September 25, 2025
Interswitch Unveils Quickteller Travel to Transform African Travel Experience

Interswitch Unveils Quickteller Travel to Transform African Travel Experience

September 25, 2025
Your one-stop tech hub! Get the latest updates on AI, cybersecurity, fintech, and emerging technologies.
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Tech TV
    • General News
    • How To
    • Reviews
  • Cryptocurrency
  • Fintech
  • Startups
  • Ai
No Result
View All Result
Techpression
No Result
View All Result
Home Tech News Africa Tech News

Appzone Group Carves Out new company to Digitize African Banks

Felicia Akindurodoye by Felicia Akindurodoye
November 29, 2022
147 3
0
Appzone Group Carves Out new company to Digitize African Banks
466
SHARES
Share on FacebookShare on TwitterWhatsAppTelegram

To better digitize banks across Africa and facilitate the emergence of a fully automated and connected financial ecosystem, Appzone, a Pan-African fintech software provider group, announced the separation of its Banking-as-a-Service (BaaS) platform from the existing business into a new business entity (named Qore).

Previously a grouping of four separate business units, the organization is accelerating the growth of entirely digital products for the financial institutions on the continent. Its platform can be used by some of the top Commercial Banks, Fintechs, and Neobanks to supply cutting-edge speciality products.

During a recent press conference in Lagos, Qore co-founder and CEO Emeka Emetarom declared that the company would keep helping African financial institutions excel and lead the globe in innovation.

“As a revolutionary banking innovator, Qore is enabling significant progress for a new era of fully digital Banks in Africa. Over the last decade, we have played a remarkable and active role in driving the digitization of Nigeria and Africa’s financial services ecosystem.

RelatedPosts

MNT-Halan introduces Egypt’s first secure lending solution via Halan App

LemFi joins IAMTN’s global network to promote inclusive cross-border payments

Raya IT secures EGP 1.13bn from IDB to strengthen Egypt’s banking cybersecurity, fintech

We are excited about what the future holds for us and for digital banking in Africa, especially since we will now operate as a BaaS-focused business entity going forward.

Qore’s unique advantages are market fit and cost-effectiveness, which allow financial institutions to deliver highly relevant products at a fraction of the cost. We are also leveraging the platform’s numerous integrations with mainstream payment systems to achieve instant interoperability with other industry players at no extra cost,” Emeka added.

Read also: Pezesha, EzyAgric Launch Digital Services For Agro Dealers In Uganda

The Opinion of Another Executive of Appzone

Co-founder and COO of Qore, Mudiaga Umukoro, says Qore has created the only truly African cloud-native core banking and integrated channel solution tailored specifically for the African market when discussing how the company is delivering value for the diverse scale of financial institutions in Africa.

“We understand the realities of the African financial ecosystem, alongside the limitations that are preventing financial products in Africa from reaching their full potential and solving once and for all, the age-old Financial Inclusion challenge. This is why Qore is refocusing its efforts towards powering effortless and limitless banking across the continent. Says Mudiaga

“Having completely digitized and automated the operations and products of almost 500 Financial Institutions on the continent, we are ready to take on the rest of Africa” Mudiaga added.

In the last five years, digital banking has been actively embraced by Africa’s financial sector, with more people and businesses choosing self-service options on digital devices over physical structures, paper trails, and physical cash. Challenger and traditional banks in Africa are now restricted from utilizing foreign technology solutions created for Western markets, many of which are hampered by expensive costs, a lack of market fit, and a dearth of local technical assistance.

Nigeria Plans New Bank Notes

Appzone’s Operations Across Various Countries 

With offices in Nigeria and Kenya and clients in Ghana, the Gambia, the Democratic Republic of the Congo, Equatorial Guinea, Tanzania, and Senegal, Qore is assisting traditional banks with their digital transformation efforts. Many of these banks are still using outdated systems that limit their ability to compete effectively.

“Since investing in Appzone, it has been remarkable to witness the business growth and transformation that has now led to the emergence of Qore. We are even more excited to have a front seat at the table as Qore sets the course for redefining the future of digital banking across Africa. We are confident in the team’s ability to deliver on its audacious vision of setting the pathway for delivering effortless, limitless banking for all across Africa” said Yomi Jemibewon, Partner and Managing Director of CardinalStone Capital Advisers Limited.

Along with supporting merchant services, Qore also enables an omni-channel self-service platform, USSD interfaces, Payment ecosystem connectors, and fast card issuance. Additionally, the platform offers clients modules that facilitate Agent Banking, end-to-end loan automation, and direct debit collections from various accounts. These features are accessible to traditional banks like Commercial Banks, MFIs, Mortgage Banks, and Consumer Lenders, as well as Fintechs like digital lenders and neobanks.

Qore has identified itself as the only African Banking-as-a-Service (BaaS) Platform and the de facto provider of banking technology in the OFI segment, attributed to its remarkable impact on the Nigerian and African financial services ecosystem over the past ten years.

Among the company’s other notable accomplishments are the creation of the first cloud-based Digital Core Banking and Omni-channel software for Africa, the introduction of Africa’s first self-service platform for instant debit card issuance, and the creation of the first and only Correspondent Banking automation platform with integration from all Nigerian commercial banks.

Tags: AppzoneAppzone GroupFintech
Felicia Akindurodoye

Felicia Akindurodoye

Felicia Akindurodoye is an experienced writer and researcher, whose watchword is originality.

No Result
View All Result

Quick Links

  • Tech News
  • Cryptocurrency
  • Fintech
  • Startups
  • Business

Follow Us:

  • facebook
  • instagram
  • Twitter(X)
  • Linkedin
  • YouTube
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2025 Techpression.com -Techpression Media Limited

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

We are using cookies to give you the best experience on our website.

You can find out more about which cookies we are using or switch them off in .

No Result
View All Result
  • Home
  • Tech News
    • Africa Tech
    • Global Tech
    • Tech with Pelumy
    • Tech Careers
    • Reviews
    • How To
    • General News
  • Cryptocurrency
  • Business
  • Fintech
  • Startups
  • Featured
  • Ai
  • Tech TV

© 2025 Techpression.com -Techpression Media Limited

techpression.com
Powered by  GDPR Cookie Compliance
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.

Strictly Necessary Cookies

Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.

3rd Party Cookies

This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.

Keeping this cookie enabled helps us to improve our website.