Abuja, March 20th, 2021 – Sopra Banking Software (SBS), a global leader in financial technologies, have announced that TAJ Bank Limited, a start- up non-interest Banking Institution with Head Office in Abuja, 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.
Taj Bank was recently given full banking license by the Central Bank of Nigeria (CBN) 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,
Mr Hamid Joda, Founder/COO of TAJ Bank explains: “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 n°1 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.
According to Mr.Dennis Omoroseghe COO of Pn Consulting Limited, Sopra Banking Software’s local partner in Nigeria, “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”.
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.
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About TAJ Bank
TAJBank’s final Banking license was issued to the Bank on 3rd July, 2019, while the operations of the Bank began on 2nd December, 2019 with two pilot branches, one in Abuja and the other one in Kano. As a licensed non-interest bank with the intent of providing excellent service through technology and digital banking, the Bank focuses on building a powerful brand as a deposit money bank with solutions and competences in non-interest banking, ethical conventional banking products and services by leveraging on mainstream and social media.
The Bank’s vision is “to be the leading African financial institution with a reputation for excellent customer experience and innovative solutions”; and its mission is “to build a sustainable ethical brand through exceptional service, innovation and professionalism whilst enhancing stakeholders’ value”.
The strategic intent of the Bank is to be recognized as the dominant non-interest bank operating in Nigeria with 75% market share and comprehensive non-interest banking products and service coverage; achieve top 10 Deposit Money Bank (DMB) in Nigeria; and pursue global branch expansion to achieve at least 40 branches across state capitals/major commercial centers in Nigeria by 2025.
Sopra Banking Software : Stéphanie Decortiat, +33 (0)6 71 56 43 10, steph[email protected]