During September 13-23, Bank of Africa Group, a multinational pan-African banking conglomerate with banking operations in eighteen African countries, held its annual event – Directors Meeting. Used to be very important from many angles, this event gathered about 150 senior level people from all related countries and representative offices. Needless to say that discussions of most vital business aspects and strategic plans surrounded the primary goal of this gathering – paving the way to brighter and more prosperous future of the Bank of Africa Group.
Simbrella was cordially invited to participate at the event, and our company was given the stage during plenary session day, on September 18th, for to present the most innovative solutions dedicated to digital scoring and micro-lending business areas of the financial services industry. Our company proudly presented its latest developments in the field, such as AI/ML-driven scoring, loan management platform, DaaS (Data as a Service) platform. Also, Simbrella demonstrated based on real case studies the very importance of building the financial partnerships between banks and mobile wallets as the only ones that could efficiently drive the future of serving financial needs of the immense unbanked population.
Our company firmly believes that this partnership with Bank of Africa Group will provide strong benefits to all related parties and will boost the development of the whole eco-system whereby fintechs, financial institutions and mobile wallet players unite into successful partnerships.
About BANK OF AFRICA Group
BANK OF AFRICA Group is presently established in 18 countries, 8 of which are in West Africa (Benin, Burkina Faso, Ghana, Ivory Coast, Mali, Niger, Togo and Senegal), 8 in East Africa and the Indian Ocean region (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Rwanda, Tanzania and Uganda) as well as in the Democratic Republic of Congo and in France.
BANK OF AFRICA Group has its majority shareholding held by BMCE Bank the third bank in Morocco. It provides solid strategic and operational support to BANK OF AFRICA Group, as well as direct access to international markets thanks to its presence in Europe, Asia and North America.
Established over 35 years ago, BOA Group presently has 6,000 employees and a consolidated balance sheet of €8.7 billion and consolidated net profit of €102.7 million as at December 31st, 2020, with €65.7 million Group profit.