Business Finance Investments Technology Technology Trends

UNION SYSTEMS LIMITED BANKING SOLUTIONS MEET GLOBAL STANDARDS AND BEST PRACTICES

 

 

Union Systems Limited (USL), Africa’s leading  finance software company  located in Victoria Island Lagos has recently made industry players in finance and tech space to understand the unique product(s) offerings that they have and places they have deployed in in various banks in Nigeria and other parts of Africa. This product(s) expose to the media has been lauded by financial players, describing their various solutions like Kachasi international Trade Finance solution and other financial solutions such as Sakobia, Optimus, EGORA and Tentacles as world-class.

Speaking to the team of journalist, Chuks Onyebuchi, the Chief Executive Officer of Union System Limited described Union Systems as “USL has been a player in the delivery of financial software solutions to financial institutions for over 2 decades, in this time, we have seen a steady increase in the intricacies of software requirements from these institutions as their process have evolved to suit the increasing sophistications of their customers. This has inevitably brought about the demand for more efficient but simpler to use solutions, this is what USL prides herself in being able to continuously deliver.

He added that “USL is a financial technology provider, we however deal primarily at the provision of business to business (B2B) enterprise financial software solutions. These solutions have a longer development cycle, a longer implementation cycle and are very integral to achieving the objectives of the financial institutions that adopts them…These implementations and many others have not only been successful but have helped these banks meet their strategic objectives. Our solutions are very flexible and highly configurable eliminating almost completely the need for customizations. This has increased the rate of adoption within our client’s organization and faster return on investments (ROI).”

On the Union System seamless integration to the CBN monitoring, Chuks opined that “The TRMS is one of several regulatory portals through which the CBN monitors specific international trade and treasury related transactions. Through collaboration with major financial institutions in Nigeria, we had integrated to similar regulatory portals such as the NSW, NCS and the NIBBS portal, so the integration of the TRMS portal was achieved with little challenges. It also helped that we were involved, also through our existing collaborations, with the testing of the initially release pilot version.”

On products acceptability in various countries and banks, Onyebuchi said “USL has demonstrated this already with our flagship Kachasi international Trade Finance solution and our other financial solutions (Sakobia, Optimus, EGORA and tentacles). The same can be said about other sectors of the economy such as health, agriculture, education and so on where we have Nigerians driving change and competing effectively. As the support and adoption for world-class indigenous solutions, such as ours, increases, Nigerians will continue to break the glass ceiling and produce software that can compete on a global stage. Kachasi is in production in 5 commercial and merchant banks in Nigeria today. We are in advanced stages of negotiation with several other banks in Nigeria and Kenya.”

The company has built a robust support system for their clients and customers that have virtually eliminated downtime in their platform,” Our approach to support starts with building capacities within the banks right from the implementation stage thereby ensuring a formidable first line of support from within and that the right sense of ownership is attained before the end of the implementation project. Where the bank is unable to solve the problem with its first line of support, the issue is logged on our support portal, ISURA, where our team of experts representing a second line of support are available for prompt resolution”, Chuks said.

As Africa’s leading trade finance software company for over 20 years, the company has been delivering future thinking trade finance software solutions to banks and corporates in Africa to achieve full automation and digitization of their trade operations. Our trade finance software solutions deliver growth, profitability, and regulatory compliance to banks and corporates.

With headquarters in Lagos, Nigeria, the company has a deep understanding of the African market and a team of highly qualified consultants with real-world experience in the delivery of complex software solutions. They have been creating software solutions that solve business problems and provide professional services that give value to our customers such as Kachasi (previously Trade-X), Optimus (Single and multibank), Isura, Sakobia, Tentacles and Egora were all designed and developed by USL in their Lagos, Nigeria Head office. A major advantage of adopting their solutions is the elimination of the need to source for FX to license them

 

 

 

 

 

 

Our approach to support starts with building capacities within the banks right from the implementation stage thereby ensuring a formidable first line of support from within and that the right sense of ownership is attained before the end of the implementation project. Where the bank is unable to solve the problem with its first line of support, the issue is logged on our support portal, ISURA, where our team of experts representing a second line of support are available for prompt resolution”

 

 

 

 

 

Leave a Comment

Your email address will not be published.

You may also like

Business Culture Economy

FG, WORLD BANK UNITE TO DIGITALLY EMPOWER YOUNG NIGERIANS AND DRIVE JOB CREATION

post-image

On the sidelines of the World Bank/IMF Spring Meetings and following the institution’s Development Committee session, the Honourable Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, reaffirmed Nigeria’s collaboration with the World Bank to advance a shared agenda focused squarely on creating high-quality jobs for young Nigerians.

“Employment generation must be a central pillar of development,” Mr. Edun told journalists, highlighting that Finance Ministers—who serve as the Bank’s Governors—have collectively made this their top priority. “This aligns seamlessly with President Bola Ahmed Tinubu’s Renewed Hope Agenda, which places job creation at the core of our economic revitalization efforts.”

Mr. Edun underscored the pivotal role of multilateral financial institutions in shaping these global development priorities. “We are scaling up efforts with the World Bank to create sustainable jobs and stimulate inclusive growth,” he said, adding that…

Read More
Business Economy Technology Technology Trends Telecoms Travels Trends

Capacity Crowds Mark Monumental Opening of GITEX ASIA x Ai Everything Singapore – Cementing New Era For Asia’s Tech Industry 

post-image

 

  • The region’s largest inaugural tech, startup, and digital investments event is officially underway at Marina Bay Sands after action-packed opening day

 

After weeks of increasing anticipation among the regional and international tech communities, the first-ever GITEX ASIA x Ai Everything Singapore began in blistering fashion on Wednesday as capacity crowds enjoyed an action-packed opening day agenda. Organised by Dubai World Trade Centre (DWTC) and KAOUN International in affiliation with GITEX GLOBAL, the Asian inaugural edition of the world’s largest show is running at Marina Bay Sands, Singapore from April 23-25.

Under the theme ‘Advancing Bold Partnerships in Asia‘, the region’s largest inaugural tech, startup, and digital investments event welcomes 700 enterprises and award-winning startups from 20 industry sectors and 70 countries. Alongside 400 global expert speakers and 250 leading investors managing US$200 billion in assets under management (AUM), it stands to present unparalleled access to new markets, capital, talent, relationships, and…

Read More
Business Economy Finance Fintech

SANEF’s Uche Uzoebo Highlights AI as Next Frontier in Advancement of Financial Inclusion

post-image

With progress made in accelerating financial inclusion to unbanked and underbanked communities in Nigeria, the Shared Agent Network Expansion Facilities Limited (SANEF) has posited Artificial Intelligence (AI) as the next step to advancement in financial services in the country.

Speaking at the just concluded Payments Forum Nigeria (PAFON 2.0), Uche Uzoebo (Mrs.), MD/CEO, SANEF Limited, noted that as technology evolves rapidly within the financial ecosystem, Financial Inclusion must continue to be at the center of the nation’s progress.

According to her, agent banking has been a game-changer in expanding financial inclusion across Nigeria. “By deploying agents in underserved areas, we have brought financial services and banking products such as account opening, cash in, cash out, bill payment, transfers and other services closer to the unbanked and underserved.”

With the Agent Banking model, SANEF has bridged critical gaps by reducing the need for long queues…

Read More
Business Economy

“You Can Reinvent Yourself in Just Four Years,” Says Moppet Foods CEO Roberta Edu Oyedokun

post-image

Mrs. Roberta Edu Oyedokun, CEO of Moppet Baby Food Firm in Lagos, has shared an inspiring personal revelation about career transformation and self-development. While drafting a professional profile recently, she realized how much her career had evolved in just four years—a testament, she says, to the power of consistency and resilience.

In her reflection, Mrs. Oyedokun highlighted her current achievements: driving Moppet Foods’ expansion into major retail chains, securing government-backed partnerships with Community Health Centers, and forging alliances with NGOs. She also serves as an Ambassador for the Lagos State Health Insurance Scheme, advocating for family health access.

What struck her, however, was the absence of any mention of her previous decade-long experience in engineering, technology, media, and production. “Imagine if I didn’t have a profile before now,” she mused. “Yet, in my 30s, I built this resounding profile in just four years.”

Addressing those who might doubt such rapid transformation, she…

Read More
Business Economy

MENXTT TECHNOLOGY NG TRANSFORMS THE NIGERIAN SME LANDSCAPE WITH SMART IT SUPPORT, DIGITAL PRESENCE, AND DEVICE REPAIRS

post-image

In the heart of Nigeria’s commercial capital, Ikeja, a technology-driven force is steadily redefining how small and medium-sized enterprises (SMEs) operate, communicate, and scale. Menxtt Technology NG, a proudly Nigerian-owned tech solutions provider, is delivering cutting-edge yet affordable IT support, digital marketing, website deployment, and device repair services to SMEs across the country.

From building strategic web assets that attract clients, to managing digital footprints on social platforms, to extending the life cycle of smartphones and laptops through expert repair services, Menxtt Technology NG is proving that cost-effective tech solutions don’t have to compromise on quality.

Bridging the Digital Divide for SMEs

The operational challenges faced by SMEs in Nigeria are enormous—high costs of tech deployment, inadequate in-house IT staff, unreliable online visibility, and recurring device breakdowns. These…

Read More
Business Travels Trends

Abia Government Unveils Modern Number One Roundabout on Port Harcourt Road, Aba

post-image

The Abia State Government today unveiled significant upgrades to Port Harcourt Road in Aba, capped by the completion of the new Number One Roundabout constructed by Julius Berger Nigeria PLC. The project forms part of Governor Dr. Alex Otti’s broader modernization drive for the state’s commercial hub.

Officials from the Ministry of Works and Transport explained that the roundabout incorporates contemporary engineering design, durable paving materials and landscaped green spaces to improve traffic flow and enhance civic aesthetics. Although some residents have compared its design unfavorably to more elaborate international models shared on social media, authorities maintain that the structure’s unique features reflect local context and long‑term maintenance needs.

Port Harcourt Road, long plagued by potholes and poor drainage, underwent a comprehensive rehabilitation under the Otti administration beginning in late 2024. Over three kilometres of carriageway have been reconstructed, with new drainage systems, pedestrian sidewalks and street lighting installed along the…

Read More
Business Culture Economy Society Technology Technology Trends

NCC and NEMA Join Forces to Make Emergency Response Faster, Smarter, and More Human-Centered

post-image

In a heartfelt meeting held at the headquarters of the Nigerian Communications Commission (NCC), two of Nigeria’s key institutions came together with one shared goal: to save lives through better communication.

Dr. Aminu Maida, the Executive Vice Chairman and CEO of the NCC, warmly received Mrs. Zubaida Umar, Director General of the National Emergency Management Agency (NEMA), as both leaders led conversations about a stronger, more connected Nigeria—especially in times of crisis.

For a country as large and complex as Nigeria, emergency situations—floods, accidents, natural disasters—can strike without warning. When they do, timely and accurate information can mean the difference between life and death. That’s why this meeting wasn’t just routine protocol; it was a pivotal step toward giving Nigerians a safer future.

At the heart of their conversation was the plan to develop a

Read More
Business Culture Economy

VP Shettima Inaugurates Interministerial Committee to Drive Nigeria’s Innovation Economy

post-image

 In a strategic move to position Nigeria as a global innovation hub and achieve a trillion-dollar economy within the next decade, Vice President Kashim Shettima has inaugurated the Interministerial Committee on Research and Innovation. The inauguration ceremony took place at the Presidential Villa, Abuja.

Speaking during the event, Vice President Shettima emphasized the committee’s mandate to champion food security, energy sufficiency, and a reduction in the country’s dependence on imports. He noted that the initiative is a critical component of President Bola Ahmed Tinubu’s broader vision to harness both intellectual and financial capital to propel Nigeria’s economic transformation.

“This is not merely the inauguration of a committee,” the Vice President said, “but the activation of a bold mission: to build Nigeria into an innovation-driven, trillion-dollar economy within a decade. The future we desire is not something we inherit; it…

Read More