Company unveils app to transform financial services

Investment One Financial Services Limited, a strategic investment-banking group, has launched a solution ‘Ziing’ a revolutionary digital banking App, that is set to provide cutting edge services to customers.

The app is designed to help users take control of their finances. While most of the development in the fintech space has been geared towards enabling payments, Zing does the opposite, it’s designed to help users invest, save, and also provides investment education and information, keeping users in charge of what they do with their money.

Speaking at the launch in Lagos, Group Managing Director, Investment One, Nicholas Nyamali, said Ziing has come to address the problem of having to leave money in your current account to make payment and moving other funds to an investment account.

Nyamali said: “You cannot touch your fixed deposit for example, or investment funds easily, sometimes 48 hours to break or redeem from your investments, whereas the money you leave in your current account don’t earn you anything. So Zing takes the benefits of worlds and combines them.

“The money you leave in Ziing will earn you interest as high as 10-13 per cent, and at the same time, you can touch it and make payments, top-up, transfers, pay bills, instantly from the touch of a button on your phone,” he said.

Comparing the new app with an Investment One app, Nyamali explained: “We wanted something that people could connect with, when you open investment one, the first thing that goes to your mind is that, it’s an investment app; it’s a stockbroking app, and you just delete your mind from seeing something that can serve more than just investment.

“By coming up with Ziing, we’re positioning this app as you being in control of your money, you can invest if you want, you can use it for payments, the investment one app is not a payment app, you don’t use it for paying bills or top-up through mobile phone, so there’s payment; international money transfer, the traditional things you get with the investment one app: access to stockbroking, you can buy and sell shares directly on the stock exchange from the phone, he added. Ziing is poised to boost financial inclusion for the growing millennial population in the country, who are tech savvy.

It also helps customers to set financial goals from house rent, daily contribution and even the ability to set funds to pay school fees and other obligations.The platform has a robust process for registering customers from KYC , Personal Details, Next of Kin, Banking details, Employment status amongst others.

The App is available on Google Play Store while the IOS version is being developed,Speaking on the investment plan available on the app, Nyamali said the basic is the savings product, much like an E-wallet, that is, if you leave your money, you get paid interest, without doing any investment. The user uses his money to make payment when he needs it, and he gets paid interest on that.