CWG Plc, the leading systems integration company in Nigeria and GRG Banking, a leading high-tech company out of China; have entered into an agreement to support the Nigerian Apex Bank, CBN, in changing the narrative on financial inclusion by 2020.
These two innovative companies at this time have set about providing Nigerian financial institutions with the best-in-class Automated Teller Machines (ATMs) that will ease the burden of functionality, efficiency and accessibility of funds for the populace.
One of the greatest challenges the Apex bank, CBN has been faced with has been closing the gap between the financially excluded Nigerians, which stood at 46 per cent in 2010, with the aim of reaching a 20 per cent in 2020.
As at last count this 2018, it has achieved a 5 per cent reduction in 8 years which makes it glaring that some support will be needed from other financial experts; likes of CWG and GRG Banking, to help achieve this laudable goal of bringing everyone to a digital platform where financial transactions for the payment for goods and services are done electronically through various electronic channels that are efficient, affordable, safe and secure; delivered in a responsible and sustainable way.
GRG Banking is a subsidiary of Guangzhou Radio Group (GRG); a state owned organisation which ranks TOP100 IT companies in China with businesses covering many areas; such as smart transportation solutions, public security with AI technologies like biometrics identification, image and video analysis, big data, and much more.
This Banking subsidiary offers financial self-service products, solution and service area and has successfully deployed her products and solutions in Nigeria for the past 5 years; Intelligent Cash Deposit machines and Cash Recyclers(P Series) Cash Recycling ATMs(H Series) , Cash sorting Machines( CM Series) and recently Cash Dispensing ATMs( N and V Series)
CWG Plc, has been at the forefront of most financial technology innovation in the country in the last two decades; deploying software solutions to over 60 Financial Institutions that have helped to change the narrative of what financial efficiencies should be, with the inclusion of core-banking software like Finedge, VSAT and Infosys Finacle, huge gaps have been closed in the financial industry in Africa.