Africa’s foremost information technology systems integrator Inlaks, recently announced their partnership with Moven Enterprise, to provide personalized smart-banking technology solutions to the financial industry. This partnership, which gives Inlaks turnkey access into the financial Artificial Intelligence (AI) and Machine Learning (ML) market, provides the company the opportunity to establish a solid ground as a leading, innovative AI/ML financial solution provider in the global banking sector.
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 apps 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 organization, 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 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. Analyzing the expenses daily, the service allows users to track their spending in real time while reducing spending and increasing savings—all to drive financial wellness and good financial habits. An automated tool for tracking spending and encouraging savings provides a way for banks to place themselves on the side of their customers.
Brett King, founder and executive chairman of Movencorp, Inc, adds, “We are delighted that Inlaks is embracing Moven’s innovative AI-driven technologies to not only create personalized digital banking experiences for their customers, but also across the region.”