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Azentio Software Wins ‘Islamic Digital Banking Provider’ @ the MEA FBT Summit & Awards 2022

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Azentio Software (“Azentio”), a Singapore-headquartered technology firm owned by funds advised by Apax Partners, announced that it has won the ‘Islamic Digital Banking Provider of the Year’ award at the prestigious MEA Finance Banking Technology Summit & Awards 2022, for its Shariah-compliant core banking platform offering – iMAL™.

The award was formally presented at a ceremony held in Dubai, UAE on Thursday, May 19. The award program, organized by MEA Finance, the region’s only banking and finance media brand, recognizes and celebrates the achievements of the region’s leading banks, financial institutions and technology providers at the forefront of digital transformation who have worked together to build smarter, more effective and efficient systems for the new age banking customers.

Azentio’s iMAL™, the first and only banking suite certified by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), has been helping Islamic as well as conventional financial institutions drive truly digital transformation to achieve enhanced customer experiences, insight-driven interactions and pervasive automation.

Recognized by leading industry analysts for its broad and deep Islamic functionality, flexibility, viability and operational performance, iMAL™ is cloud-ready, based on an open platform and supports open banking through open APIs and web services.

iMAL™ offers several powerful and differentiating features making it one of the most comprehensive Islamic solutions available today, which is accentuated by the fact that more than 130 of the world’s leading Islamic financial institutions use the platform to power their operations.

Kenneth Mitchen, Executive Director and Publisher of MEA Finance, stated, “iMAL™’s steadfast support for the Islamic banking sector has been fabulous over the years.

“By combining Shariah principles and innovative digitalization technologies, the solution has been helping the MEA region’s financial institutions to transform the way they do business to onboard, delight and retain tech-savvy customers. In this regard, we feel very happy to accord our ’Islamic Digital Banking Provider’ award to Azentio Software, the leading supplier of iMAL™.”

Tony Kinnear, Chief Executive Officer of Azentio, commented, “We feel greatly honoured to receive this award from MEA Finance. The region’s growing internet penetration, mobile phone usage, and the burgeoning digital-savvy population have all combined together to prompt both banks and regulators to accelerate the adoption of digitalization and models like open banking in Islamic financial services, especially in the aftermath of the Covid-19 pandemic. In this context, we feel humbled by the regional banking sector’s consistent trust in our multi-award winning iMAL™.”

For Azentio, the MEA Finance’s ’Islamic Digital Banking Provider’ award comes on the heels of winning the ’Best Islamic Banking Implementation Award for the Best Project Implementation‘ at a bank in Sudan using the iMAL™ platform.


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SoftTalk Messenger Introduces Chat and Make Calls without Sharing your Phone Number

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Sharing your phone number on chatting platforms can expose you to unwanted spam, potential security breaches, and even compromise your identity.

Simple Azenabor, CEO, SoftTalk Messenger, a Nigerian developer based in Japan, said: “Anyone in an individual or a group chat can see your phone number. But don’t worry, you can use SoftTalk Messenger that doesn’t require a phone number.

“It gives you the best of both worlds, the freedom to communicate with anyone and everyone, and the security of keeping your phone number private”.

SoftTalk Messenger allows you to connect effortlessly with your friends, school mates, and family by using your @username, eliminating the need to share your phone numbers. This feature provides privacy for your phone number, particularly in group chats.

To add friends you simply search by their Unique SoftTalk @USERNAMES or Names to start a conversation and make encrypted HD audio and video calls.

It is possible for a user to turn off and on his profile from  the SoftTalk directory if he prefers not to be discovered in a public search for a complete world of his own. Helping you to communicate with friends safely and privately

SoftTalk Messenger is a Nigeria’s Messaging app for Africans & the world. It enables users to buy and sell products and services in a marketplace, post stories, chat, make audio / video calls as well as pay utilities bills & buy low cost data & prepaid mobile airtime in Nigeria with plans to expand to other African countries in the near future. Users can make extra income by reselling Data and airtime to their friends right from within the app.

Messages are encrypted and transferred over a secure channel and use standard encryption algorithms: RSA-2048, RC4+ making sure that only the receiver of the message is able to read it. SoftTalk Messenger accommodates a total of 500,000 participants in a single group, and members can share media and large files.

According to Simple Azenabor, there is no doubt that Nigerians and indeed Africans are hungry for a new technology and need something different that can be called our “own” . It is my wish to see Nigerians use and encourage an indigenous solution built by one of us to grow our own.

The android version of the app was first introduced to Nigerians in late 2018 in the presence of the delegates from the NCC officials and the Minister of Information, Alhaji Lai Raufu Mohammed represented by a Director General in the ministry. SoftTalk Messenger has been bootstrapping and exploring various technologies in order to strengthen its backend infrastructure to build a secure and scalable system.

Today, SoftTalk Messenger  is available on both android, web and the Apple iOS platforms with support of about 16 languages including French and can be downloaded on google and apple stores.

 


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Bankers, Officials Colluding to Re-loot Recovered Abacha’s Fund-  EFCC

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Economic and Financial Crimes Commission (EFCC) has alleged collusion between commercial banks and government officials to re-loot recovered funds from Sani Abacha, late dictator.

Bankers, Officials Colluding to Re-loot Recovered Abacha’s Fund-  EFCC

Sani Abacha

The $322 million Abacha loot, recovered in December 2017 and earmarked for Conditional Cash Transfer under the Social Investment Programme, was intended to provide monthly stipends to vulnerable Nigerians.

However, Dele Oyewale, spokesperson for the EFCC, disclosed that investigations have uncovered financial malpractices involving COVID-19 funds and World Bank-assisted loans coordinated by the Humanitarian Ministry. Several interdicted and suspended officials of the ministry have been linked to the alleged malfeasance, with N32.7 billion and $445,000 recovered from them.

Managing directors of implicated banks have provided statements, and investigations are ongoing, with former minister Sadiya Umar-Farouq and her successor, Beta Edu, summoned for questioning.

The EFCC stressed that the probe targets a systemic issue rather than individuals, signaling a crackdown on corruption within Nigeria’s financial sector and government agencies.


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FITC to Redefine HR with AI, Digitisation for Organisational Sustainability

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The eagerly anticipated E3 Conference, hosted by FITC, is back for its fourth edition, poised to set new benchmarks in the realm of employee engagement and organizational sustainability.

Themed, “Redefining HR Through AI & Digital Transformation for Organizational Sustainability,” the conference is scheduled to take place on April 17th and 18th.

In a statement, FITC says the E3 Conference stands as a beacon of innovation, bringing together thought leaders, industry experts, policymakers, and professionals from across Africa and beyond.

It explained that in today’s fast-paced landscape, technology such as AI and automation is reshaping the dynamics of human resource management.

“The E3 Conference is dedicated to unravelling the potential of these advancements, focusing on topics ranging from talent mobility to the latest trends in managing talent. It’s a journey towards understanding and embracing these transformative shifts, ensuring that businesses are primed for the future of HR.

“With a stellar lineup of over 24 speakers, including C-suite Executives, Subject Matter Experts, and Thought Leaders from various sectors, the conference promises to deliver insights that transcend conventional boundaries. Attendees can expect deep dives into strategies for enhancing productivity, streamlining processes, and maximizing global talent mobility through AI and automation, “it stated.

“Keynote speakers such as Evi Ifekwe, Executive Director of People & Country Services at TotalEnergies EP Nigeria Limited, and Wale-Smatt Oyerinde, Director-General of NECA, alongside a faculty lineup comprising industry stalwarts, will spearhead discussions on critical issues shaping the future of work.

The two-day hybrid event will feature four plenary sessions and two master classes, providing attendees with ample opportunities for networking, knowledge exchange, and interactive engagement.

Participants will delve into topics such as the impact of AI on the future of work, data-driven performance management, and strategic implementation of AI in HR.

The conference is expected to provide insights into cutting-edge strategies for professionals and HR leaders who will gain invaluable insights from industry pioneers on leveraging AI and digital transformation to drive organizational sustainability and employee engagement, “it stated.

“As organisations worldwide grapple with the complexities of the new normal, the E3 Conference serves as a beacon of hope and enlightenment, offering practical solutions and visionary insights to navigate the challenges ahead, ” the company said.


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