Inlaks, Moven offer new solutions for financial sector

Information technology systems integrator, Inlaks, has partnered Moven Enterprise, to provide personalised smart-banking technology solutions to the financial industry. This partnership gives Inlaks turnkey access into the financial Artificial Intelligence (AI), and Machine Learning (ML) market.

Managing Director, Africa Operations at Inlaks, Femi Adeoti, said: “According to the financial report 2019, one of the five innovation trends that will define banking in 2019, is the Artificial Intelligence (AI) Predictive Banking, which the Moven smart app technology provides. The report also shows that AI predictive solutions will leverage customer data to provide enriched customer experience while increasing security and efficiency. As a forward-thinking organisation, we have partnered with Moven to ensure we cater to the needs of our customers across various segments.”

He further highlighted the benefits of the solution to banks and financial institutions to include, enhanced customer relationships, generation of new revenue streams, expansion of market reach, reduction in attrition rates, improving customer engagement, faster speed-to-market among other benefits.

Moven offers an innovative technology platform, which includes a suite of easy-to-use application program interface (APIs), and a Software Development Kit (SDK), which global banks use to attract, retain, and grow their customer base. This technology is proven to significantly reduce attrition, deepening customer relationships and help drive new revenue streams for financial institutions.

Moven provides users with contextual personalized advice as part of the e-wallet mobile app experience. Analysing the expenses daily, the service allows users to track their spending in real time, while reducing spending and increasing savings, to drive financial wellness, and good financial habits.