Woodcore and Bankingly partner to provide comprehensive digital solutions for Financial institutions.
Woodcore, a financial infrastructure solutions provider, is pleased to announce its partnership with Bankingly, a leading provider of digital channels for financial institutions in emerging markets. The partnership aims to provide a comprehensive digital transformation plan to banks and financial organizations in order to expand their reach and improve customer experience.
Over the past years, the banking and broader financial industry have experienced a digital disruption, forcing financial institutions to innovate and provide financial services via digital means. Woodcore provides a composable suite of banking services to banks, facilitating seamless operations over the Internet and fostering faster digitization of financial institutions.
Serving the likes of Royal Exchange MFB, Kredi Money MFB, Pyramid MFB, Omnibiz, etc. It also builds APIs that banks can integrate into their systems to deliver financial services like loans to customers without physically visiting the bank.
This partnership with Bankingly, a fintech company that provides world-class digital channels to microfinance banks, cooperatives, credit unions, and banks, is a testament to Woodcore’s commitment to helping financial institutions innovate and become banks of the future. The Bankingly team is excited about the partnership, recognizing the need to help medium and large financial entities improve operational efficiency and boost customer satisfaction and engagement. Bankingly is present in 22 countries across Africa, Asia, and Latin America, and has a long list of over 100 clients including Kenya’s ABC Bank, CSN Cooperativa Financiera (Mexico), and Ban100 (Colombia).
According to Damian Glaser, Bankingly’s Senior Sales Director – English Africa, “This collaboration with Woodcore allows for a solution that is holistic, and affordable for financial institutions in the long run. Together, we’re providing a way for financial service providers to tremendously improve operations, which will in turn lead to higher customer satisfaction rates and drive engagement.
On what this partnership means, Toyin Olaseinde, Woodcore’s co-founder and COO, says that it will enable them to provide a more extensive service to clients.
“Bankingly has years of experience building digital channels for financial institutions and so this collaboration means that we can now provide a comprehensive digitization plan for financial organizations that are looking to scale, without them needing an in-house technology team to build.”
About Woodcore:
Woodcore, founded by Samuel Joseph, the ex-country manager for Fiter.io where we managed core banking implementations for VFD Microfinance Bank, Sparkle Microfinance Bank, Clane, etc and Toyin Olaseinde ex Interswitch, launched in 2021, is a software company that offers cloud-banking services for financial organizations and enables these organizations to build financial services and products through its APIs. The Core Banking Platform, which is their flagship product, has similar offerings like Mambu, but primarily for African financial institutions for the next couple of years. They offer a host of products and services that help banks with monetization and drive revenue including NIBBS integration, and infrastructure for lending services and virtual accounts. Woodcore’s Core banking suite is mostly focused on microfinance institutions and tier 2 banks.
About Bankingly:
Bankingly, is a renowned SaaS leader in digital banking solutions that equip financial institutions to own their digital channels; mobile applications, transactional web, chatbot, digital onboarding and other products. Through these channels, financial entities can offer customers a platform to operate and interact with them in different ways: initiating transactions, checking balances, paying bills, requesting loans, and other custom products and services. With a focus on innovation and customer-centricity solutions, Bankingly delivers cutting-edge technology to financial institutions worldwide.
