Appzone has announced plans to digitise banks and facilitate the automation and connection of the financial ecosystem on the continent.

The firm stated it was carving out its Banking-as-a-Service platform from its existing business into a new business entity named Qore to achieve its aim.

In a statement, Qore’s Co-founder/Chief Executive Officer, Emeka Emetarom, said, “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 digitisation of Nigeria and Africa’s financial services ecosystem.

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“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.”

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