FEATURE : NEO BANKS
“ Our solution aims to preserve the foundation that money in itself is not a measure of success , but that success is measured by the prosperity of the community as a whole , laid by past generations and bring it into the modern digital age . By democratising financial services , we enable this growth of communal prosperity ,” says Dutuma .
Paul Carter-Brown , Co-founder and CTO , Ukheshe
for the underserved population , the two companies are now collaborating to further democratise the financial market .
Through this alignment , Komuniti in collaboration with banking as a service and embedded finance enabler , Ukheshe , is bringing digital banking to more people in South Africa . Ukheshe plays a crucial role in facilitating smooth and cost-effective transitions by providing Komuniti with the necessary framework on which to base their banking services .
“ Our focus on financial inclusivity guides all our partnership decisions ,” says Ukheshe ’ s Carter-Brown .
“ When both parties share a common goal , in this case making banking and associated services accessible to more people , both parties , the industry as a whole and customers all benefit . These symbiotic collaborations generate a positive ripple effect within organisations , paving the way for more partnerships and exponential business growth . p
Nick Dutuma , Co-founder and CEO , Komuniti
“ Ukheshe has been an invaluable partner in our journey to democratise financial services . Their innovative framework has enabled us to bring accessible and seamless digital banking services to underserved communities , aligning perfectly with our mission to empower individuals and communities through financial inclusion ,” says Dutuma .
“ In addition , we are able to help Komuniti meet all the regulatory and compliance requirements for their financial services offerings ,” says Ukheshe ’ s Cofounder and CTO , Paul Carter-Brown . “ By building on our platform , innovators can fully realise their great ideas while also complying with the relevant regulatory and compliance requirements .” says Carter-Brown .
48 INTELLIGENTCIO AFRICA www . intelligentcio . com