Lagos, August 28, 2015: Parkway Projects Limited, a leading provider of financial technology solutions today announced that Access Bank has expanded its relationship with the company, chosen and implemented Primus-Lite® solution, integrated to a business banking platform to enhance capabilities and optimize processes for the bank to meet the peculiarities of remote banking & cash flow needs of SMEs across the nation. This solution will support the bank’s systems, processes and services in promoting entrepreneurial and corporate businesses in the areas of cash management and business exposure among SMEs.
Small and Medium Enterprises (SMEs) are critical to the development of any economy as they possess great potentials for employment generation, improvement of local technology, output diversification, development of indigenous entrepreneurship and forward integration with large-scale industries. SMEs need simple, focused solutions for cash management & business intelligence.
Primus-Lite solution, an integrated business banking platform empowering African SMEs, domestic & continental alike, with the tools to cost-effectively and continuously deliver, through a single unified platform, tailor-made services to meet the peculiar remote banking & cash flow needs of SMEs across the continent. Primus-Lite (powered by Parkway’s InfoGrid®-10) is designed to meet the entire cash management needs of Small-Medium enterprises in Africa (from account balances/statements to payments, collections, liquidity interactions/funds transfer, business-to-business payments and electronic invoicing) across multiple bank accounts in a heterogeneous banking environment. It includes such modules as;
- Account Centre/Balances &Transactions
- Customer Management/Relationship Manager Interaction
- Payment Module
- Collection Module
- Auto On-boarding
Parkway solutions will improve operational efficiency for Access Bank, while helping the bank manage customer relationships. An insight; already extensively used across 30 African countries as the robust technology platform factors in the peculiarities of the African banking space that solves challenges faced by African banks in providing cash management solutions to their corporate customers.
‘‘Parkway will support the strategic growth objectives of Access Bank with a complete set of integrated, real-time solutions designed for the challenges of today and tomorrow” said Emeka Onwuka, Chief Information Officer, Parkway Projects Limited.
Financial institutions like Access Bank recognize the value of partnering with a leading technology solutions provider both from an operational and consumer perspective. As a financial technology provider, we will continue to provide solutions to help businesses build capacity and improve their knowledge of managing business finances.
Parkway is a leading financial technology provider creating modern banking experiences, localized and delivered through Africa’s leading banks to businesses and individuals across the continent. Parkway provides simple, intuitive, end-to-end corporate, retail and transaction banking solutions. The company’s expertise and pedigree has clearly enhanced its solution offerings, setting it ahead in many ways.