TAJ Bank Releases New Software To Make Transactions Easier

TAJ Bank, Nigeria’s non-interest bank, has announced that it has gone live with a Sopra Banking platform – core amplitude up, Sopra Banking Software’s core banking system (SBS).

TAJ Bank explained in a statement released and signed by Mr. Hamid Joda, the bank’s founder, in Abuja yesterday: “We are pleased that Sopra Banking Software has assisted us in starting our banking activity.” SBS has shown its commitment to making our goals a reality.

“The Central Bank of Nigeria (CBN) recently granted TAJ Bank a full banking license, and the bank went live in a record 6-month implementation project led by Sopra Banking Software, allowing for a smooth start of business for the bank.

“The API-first Cloud-agnostic solution was implemented in accordance with Nigerian regulations and non-interest banking requirements, using the Sopra Banking Software model bank approach.”

Raouf Mhenni, MEA managing director, Sopra Banking Software, also spoke at the event, saying that Sopra Banking Software is proud to have gained Taj Bank’s trust during the tight deadline project.

“Through this project, we have demonstrated that our software and services banking capabilities are truly the solution of choice for Nigerian banks looking to operate in a fast-changing banking environment, aimed, among other things, at facilitating financial inclusion,” he added.

Mr. Dennis Omoroseghe, the chief operating officer of Pn Consulting Limited, stated that, according to Sopra Banking Software’s local partner in Nigeria, IT System modernization and legacy system replacement remain a top priority for most Nigerian banks as they seek to close the gap between front-office and back-office operations and services.

“Taj Bank has chosen and successfully implemented Sopra Banking Amplitude as its mission-critical application in an effort to avoid this challenge in the near future.”