Vision Finance chooses Sopra Banking Software
Paris, 6th December 2018 – Vision Finance, a new microfinance institution in Cameroon, has chosen Sopra Banking Software to help them launch their business
Vision Finance, a start-up microfinance institution in Cameroon, has decided to implement a standardised and powerful IT system, and has chosen Sopra Banking Software in order to meet ambitious new development targets.
Jean Pierre Amougou Belinga, CEO of Anecdote Group and founder of Vision Finance, explained, ‘We have chosen a software vendor with over 40 years’ experience and an international leader in the sector to support us with our strategic development.’
Vision Finance has chosen Sopra Banking Software thanks to its durable and proven solution that makes it possible to address the issues linked to creating a new institution, as well as Sopra Banking Software’s experience in this type of implementation.
Microfinance institutions play a crucial role in financial inclusion because they provide financial services to people with limited or no access to the traditional financial sector. These institutions must offer a wide range of services, at large scale and for an affordable price, while seeking to deliver optimum operational efficiency. They face a twofold challenge: absorbing heavy business management costs and simultaneously providing top quality services and ensuring regulatory compliance. To be successful, microfinance institutions, just like banks, must have suitable solutions and be able to draw on technology.
Sopra Banking Software has been helping microfinance institutions to transform their IT systems for many years thanks to its expertise and experience in managing this industry’s specific challenges.
Patrick Navarro, Managing Director Middle East & Africa at Sopra Banking Software, said, ‘We are proud to support Vision Finance with the launch of their microfinance business and thus contribute to accelerating financial inclusion in Africa.’
Today, over 20 microfinance institutions place their trust in Sopra Banking Software, a go-to software vendor in this sector, and a leader on the African continent with over 200 customers.