Bank of Africa has successfully deployed CreditQuest, developed by SOFGEN, at its subsidiaries in Kenya, Uganda and Tanzania.
The CreditQuest allows Bank of Africa to have a unified view of customer activities, to enforce credit appraisal rules and processes, and to improve credit application turnaround time and monitoring.
Go deeper with GlobalData
Additionally, it automates risk management for all credit products and also reduces paperwork in credit process.
Bank of Africa Kenya managing director, Kwame Ahadzi, said CreditQuest offers modules covering their entire portfolio of corporate, SME and retail lending processes.
SOFGEN Africa CEO, Tunde Oladele, said Bank of Africa subsidiaries in East Africa are strategic accounts for SOFGEN as they continue their march towards becoming the preferred provider of IT solutions to banks in Africa.
"We intend to deepen our relationship with Bank of Africa to assure that the benefits of the bank’s investment in CreditQuest are realised," Oladele added.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataCreditQuest is currently deployed at over ten banks in sub-Sahara Africa and at over 200 banks across the world.
