Source: Oracle
Compagnie Financiere Africaine (COFINA), an Africa-based financial group in Côte d’Ivoire and majority owned by Compagnie Transnationale D’Investissement (C.T.I.), has tapped Oracle Financial Services to enhance its banking systems.
COFINA is focused on mesofinance, a relatively new concept that offers small loans starting from 1,000 Euros specifically for small-and mid-sized businesses (SMEs).
With the Oracle Banking portfolio, COFINA will bring next generation digital capabilities to the business it serves, including timely loans and a cohesive banking experience. The implementation will start with the migration of Cofina Côte D’Ivoire, one of COFINA’s nine mesofinance subsidiaries.
“We selected Oracle Financial Services to help transform our operations and services,” said Adiline Haykal, Group Director strategic projects, COFINA. “Building a successful digital bank requires a platform that can run efficiently while evolving with changes in the market and alongside organizational needs. As a first step, Oracle Banking solutions will provide Cofina Côte D’Ivoire the foundation needed to provide and adapt to consumers’ desired digital client experiences.”