Wema Bank ALAT Wins World Finance Digital Banking Awards 2017

Wema Bank Plc and its mobile app ALAT, have been named the ‘Best Digital Bank’ and ‘Best Mobile Banking App’ in the World Finance Digital Banking awards 2017.

The World Finance Digital Banking awards 2017 celebrate institutions that are leading the charge with digitalization while meeting consumer demands and mitigating against accompanying risks.

Commenting on the awards, Segun Oloketuyi the MD/CEO of Wema Bank, said:

“We are delighted to earn such a global recognition so early in the existence of ALAT. To us, they are not merely a reward for the hard work but also an incontrovertible evidence of Wema Bank’s new place as a leader in banking innovation in Africa.

We have developed in-house capacity and capabilities to enable us provide best-in-class digital banking services across all touch points.

ALAT was conceived and developed by Nigerians, but today the world has accepted it and we are starting to enjoy international recognition.

ALAT, Nigeria’s first fully digital bank, is a branchless, paperless bank, which provides financial services through its Android, iOS and web applications. It was designed in response to the growing needs of Nigerians for a financial institution that understands their needs, responds quickly to them and helps them save money.

Since its launch in May 2017, ALAT’s unique offerings have endeared many to the Bank, with over 180,000 customers on board and total deposits exceeding 1.1 billion.”

In the words of Funmilayo Falola, head of Brand and Marketing Communications at Wema Bank:

“ALAT is not just a Bank, it’s a lifestyle.

It is a bank created to help customers achieve their personal and financial goals, in line with Wema Bank’s vision to be the financial institution of choice in service delivery and superior returns.

The future of banking is digital, and Wema Bank is backing this belief by ditching the corporate dogma and taking proactive steps towards bringing tomorrow’s banking to the today’s customers.”

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