ALAT by Wema is delivering monetary providers and empowering lives by means of its digital banking providers
One of many main slogans for driving monetary inclusion on this a part of the world is ‘banking the unbanked.’ This has led to the delivery of many fintechs offering options to drive this inclusion.
Conventional banks are additionally innovating and releasing standalone merchandise which can be doing nicely and increasing the frontiers of banking.
ALAT by Wema is one modern digital bank that sprung up from conventional banks and is pushing the drive for monetary inclusion. The platform allows customers to register and get a bank account quantity at their consolation, and there’s extra to their choices.
Curiously, ALAT is a proud sponsor of The Fintech Summit. We had a quick chat with Morolake Philip-Ladipo, Performing Head, Advertising and marketing Communications and Investor Relations at Wema Bank, who mentioned what ALAT does and why they’re enthusiastic about The Fintech Summit.
Are you able to inform us extra about ALAT by Wema and your providing?
We’re constructing Nigeria’s most dominant digital banking platform. We imagine your bank ought to help your aspirations and enable you to attain for way more. That’s why we constructed ALAT, Nigeria’s first totally digital bank, to supply bespoke options to all of your banking wants whereas supporting your lifestyle selections, business calls for and leisure ventures.
ALAT gives a easy, dependable, and handy 360 digital banking expertise. Our know-how conjures up folks to handle their cash in another way whereas permitting them to bank on the transfer from wherever.
It takes about the identical time used to eat a burger to enroll to our branchless bank and get a practical account quantity, entry to loans, and a free debit card delivered to you with an choice to lock and unlock anytime.
ALAT stands for – Audacious, Limitless, Aspirational, and Timeless. ALAT was borne out of the willingness to take daring steps by Wema Bank, and that defines the audacious tag; it’s this spirit that drives our model positioning, campaigns and initiatives – the purpose is to ‘ginger’ younger Nigerians (the ALAT trybe) to go all out for his or her objectives and aspirations.
ALAT gives a branchless and paperless banking expertise. The main target is to enhance lifestyle by means of innovation. It’s a bank with out borders, and its core is embedded within the innate want of people to dwell free, making it limitless.
With versatile choices to handle funds, take pleasure in lifestyle banking, and luxuriate in superb offers and reductions, ALAT offers that further zest to aspire for larger issues (and go all out to realize them)
Innovation is timeless – it transcends numerous generations, enhancing lives and supporting growth. The dream with ALAT has at all times been to construct a model that may outlive its founders and proceed to fulfill the monetary wants of Nigerians.
We now have the imaginative and prescient to be the dominant digital platform in Africa, delivering seamless monetary providers, and we’ve got a mission to Empower lives by means of innovation.
What makes you excited in regards to the fintech summit?
We now have seen the efforts and progress of the Techpoint group through the years and its contribution to the expansion of know-how in Nigeria. We can’t deny the truth that the way forward for human growth not solely in Nigeria however the world at giant shall be pushed by know-how in numerous sectors like health, training, finance and so on.
As the primary totally digital bank not solely in Nigeria however in Africa, we’re very a lot captivated with know-how with a particular give attention to the monetary sector; subsequently, The Fintech summit is of curiosity to us as a model and business. We now have enabled many Fintechs which can be totally operational within the Nigeria ecosystem that supply their providers from funds, database administration, inclusive banking, investments, loans and so on.
As a dominant digital bank, we need to meet extra companies and startups so we will present our providers to assist them function seamlessly, providing options to the general public.
What ache factors do you suppose must be addressed in Africa’s fintech Sector?
Each ecosystem has its challenges and peculiarities, and the fintech area just isn’t alien to that. As the primary totally digital bank, we paved the best way and, by means of our efforts and know-how, have empowered and enabled the operations of fintech.
I imagine there are nonetheless areas the place fintech can create options. The wants of the folks and prospects’ needs are ever-increasing, giving room and alternative for extra tech-driven options and alternatives.
With the brand new startup act, we may have new insurance policies that may guarantee a conducive setting and sustenance for these startups.
Mortgage, investments, buyer validation, and budgeting, to say just a few ache factors within the Fintech sector, would must be addressed.
Additionally, with the rising wants and calls for of consumers and paying extra consideration to the actions of fraudsters, cyber safety within the fintech area can’t be overemphasised.
What influence will you expect following conversations that shall be held on the fintech summit?
Options and new alternatives for startups to emerge from the issues recognized will deliver in additional income for the ecosystem and enhance the usual of dwelling for the typical Nigerian.