Fintrak Software Limited, an indigenous financial software (Fintech) organization was recent recognised at the Top 50 Nigeria Digital Economy Enablers 2023 for their strides in providing indigenous software and banking solutions to many banks in Nigeria. This award is coming when Fintrak Software Limited is bringing their world-class electronic channel solution to Nigerian financial space now that the country is moving towards a full digital economy.
Speaking to the media after award, Bimbo Abioye, the Group Managing Director of Fintrak Software said “we are very grateful for this recognition and what it stands in our organisation. We will ensure that we keep providing world-class banking solutions to financial houses and organisation in Nigeria and beyond. This is a source of encouragement and it goes to show that people are appreciating the little things we are doing and this energizes us to do much more “
On the electronic channel solution, Abioye added that “our vision is to be top enterprise solution provider, we have provided tremendous support for our clients especially in the private/financial sector. Some of these solutions ranges from core banking system and we are supporting about fourteen commercial banks locally and internationally this enables them to achieve efficiency and run profitably, some of these solutions ranges from financial planning, budgeting platform, performance management system and platform that helps them run efficiently on the back end such as supporting and reconciling their payment and electronic channels. These solutions help these banks to strengthen customers confidence, our tools can help in electronic corrections and reducing human errors in banking.”
Abioye also opined that “For us that one of the critical solutions we have in the area of reconciliation, is our electronic management solution, this Fintrak solution tackles the service failure in bank. This Electronic Channels reconciliation and management system helps banks to tidy up transactions that might not be successful. Apart from reconciliation, the system can monitor volume of traffic in these channels, types of channels and location of these transaction.”
On his relationship with the Data Protection Agency of Nigeria, Bimbo said that they are looking at collaboration in public sector. He said that the public sector, they are working with Federal Mortgage Bank which is running on Fintrak Management System. He also opined that there are digital channels that they have deployed for the bank and this helps them to deepen their market penetration.
The FinTrak E-Channel Solution reconciliation module comes with an inbuilt algorithm that decodes complex Electronic Journal Files, carry out data extraction from all available sources and provide a status for any transaction ID in no time.
The Top 50 has become an institutionalised agenda (on its own) to identify the industry leaders in general and specific aspects of the IT market. The 2023 edition is all about the coming together of industry players.
The 2023 edition of Top 50, the first after COVID 19, opens a new chapter for a general and specific assessment of the industry that will allow for measurements across verticals for Top 10, Top 20, Top 50 and Top 100. Some of the companies recognised for their impact in the ICT industries include regulators like NCC, NITDA, Data Protection Agency and private players like Open Access Data Centres (OADC); FinTrak Software Co. Ltd; Ezzential Global Services Ltd; Crystalfix Nigeria LTD (CNL); Cedarview Communications Limited (CCL); Zora Communication Limited; Information Connectivity Solution Limited (ICSL); Unitellas International Limited; Swift Telephone Network Ltd (STN); HD Technologies; Smart Web Nigeria Limited.
Anthony Nwosu
“our vision is to be top enterprise solution provider, we have provided tremendous support for our clients especially in the private/financial sector. Some of these solutions ranges from core banking system and we are supporting about fourteen commercial banks locally and internationally this enables them to achieve efficiency and run profitably, some of these solutions ranges from financial planning, budgeting platform, performance management system and platform that helps them run efficiently on the back end such as supporting and reconciling their payment and electronic channels.”
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