Software Group’s client AB Bank Zambia awarded EIB Innovation Award

Zambia, 20 Mar 2020

AB Bank Zambia, a member of the Access Microfinance Holding and a client of Software Group, was awarded the prestigious innovation prize for small, medium and micro enterprises and agricultural finance by the European Investment Bank. This recognition was received during an official ceremony of the EIB Southern Africa SME & Microfinance Academy, held last month in Stellenbosch, South Africa.

AB Bank Zambia was recognised for implementing several technology projects during 2019, which resulted in bringing innovations into their work and delivering outstanding financial and non-financial services to their customers. The institution significantly contributed to financial inclusion and improving the overall access to financial services in the country.

One of the distinguished initiatives led by the bank in a partnership with Software Group is the implementation of a new digital banking platform. It is accessible via USSD and an app that features self-onboarding, money transfers, bill payments, airtime top-ups, and a range of additional services for business owners.

* Article first published on itweb.africa

AB Bank Zambia Limited

AB Bank Zambia Limited is a registered Commercial Bank in Zambia and a member of the Access Microfinance Holding AG network which promotes access to financial services in developing and emerging economies. AB Bank Zambia targets micro, small and medium enterprises as well as low- and middle-income households and provides a broad range of affordable and appropriate products and services which include loans to urban and rural entrepreneurs, free current and attractive savings accounts, domestic and international transfers and payments. The bank is committed to improving access to financial services to people in urban, peri-urban and rural areas and extended more than 90,000 loans since its inception in 2011. Besides Access Microfinance Holding AG, AB Bank’s shareholders are Proparco (the private sector financing arm of Agence Française de Développement, AFD), the International Finance Corporation (member of the WorldBank Group) and KfW (the development bank of the Federal Republic of Germany). More information at: https://www.abbank.co.zm/

Software Group

Software Group is a global technology company specialized in digitalization and integration solutions for institutions that provide financial services. Founded in 2009 and headquartered in Sofia, Bulgaria, it currently serves a worldwide client base in more than 70 countries from 9 regional offices located in Australia, Bulgaria, Egypt, Ghana, India, Kenya, Mexico, the Philippines and the USA. Some of Software Group’s customers are organizations such as Bill & Melinda Gates Foundation, MasterCard & MasterCard Foundation, International Finance Corporation (IFC), World Bank, Asia Development Bank, 7 of the 10 biggest Microfinance networks, Asia Confederation of Credit Unions (ACCU), Allianz Bank Bulgaria, Atlantic Bank, Bank South Pacific, Commercial International Bank Egypt, and others.