With technology playing an
increasingly critical role in every aspect of businesses, companies recognize
that they need to accelerate the development of digital solutions to ensure
they remain on the competitive vanguard. The AFRICUNIA-SPARCO BANK partnership
brings together deep skills in business and technology, product conceptualization
and development, technology strategy and deployment, band marketing and
organizational change management to help support clients to engage in their
transformations successfully.
“AFRICUNIA-SPARCO BANK
partnership is a powerful combination. AFRICUNIA BANK’s understanding of
complex digital product interactions, its in-depth engineering expertise,
agility, and collaborative approach is uniquely complimentary to how Sparco
Bank operates. We believe this partnership will generate industry leading
technology, widening its products and platforms,” said Dr. Chancellor Nzenwa,
AFRICUNIA BANK’s Founder & President.
“With offices and service locations in the Canada, Comoros Union,
Nigeria, United Kingdom, United States, Middle East, Malaysia, Suriname, South
America, Switzerland, Tanzania and the added capabilities of hundreds of
AFRICUNIA BANK and SPARCO BANK‘s employees, this partnership will allow us to
drive far reaching business impact for our clients.”
“Partnering with AFRICUNIA BANK
to deliver transformation for our clients will allow us to provide the very
best business, program, wealth management, and investment portfolio strategies
on which we’ll conceive, design, and build the next generation of
transformative enterprise and digital products and platforms,” said C.K. Low,
Sparco Bank Managing Director. “Together, working as one team, we will unlock
the full potential of digital transformations and place our clients on the best
path for success in the new digital FinTech business landscape.”
As an indication of commitment to
the partnership, AFRICUNIA BANK and SPARCO BANK have launched and taken
ownership stakes in PAYCLUSION – a neo FinTech platform that operates
exclusively online without traditional physical branch networks. Additionally,
Sparco Bank will become part of the AFRICUNIA ECOSYSTEM, a network of
partnerships that provides decentralized finance, proprietary access to tools,
technologies, and delivery capabilities that help AFRICUNIA teams deliver
breakthrough client results.
By virtually connecting both
leading global Banks the collaboration represents a step-change in the way both
businesses address the needs of the market.
Editor’s Note: To arrange an
interview, contact:
Madeleine Winkler, Executive
Secretary – AFRICUNIA BANK
info@africunia.com
+41 76 755 0686
C.K. Low, Managing Director –
SPARCO BANK
info@sparcobank.com
+6019 957 0028
ABOUT AFRICUNIA BANK
AFRICUNIA BANK is a
decentralised, distributed, adaptive, open socio-technomical financial
ecosystem with properties of self-organisation, scalability and sustainability
where healthy competition and collaboration among diverse businesses, people
and entities prevail. Our business model is anchored on a free, open source and
distributed software platform lthat is based on internet technologies and which
is designed to solve the problems of the unbanked and financial exclusion,
empower the less privileged ones, enable individuals, businesses, SMEs and
large enterprises to efficiently and more effectively create, integrate and
provide services in both real world and in the software sphere.
ABOUT SPARCO BANK
Sparco Bank was established since
1998 as a Federal Credit Union Bank for the National Army of Suriname in South
America. Sparco made a sweeping decision to embark in the international
financial fraternity in 2020, with the offer of Wealth Management, Investment
Banking, Trade Finance, Structured Financing and Digital Banking. It provides
Sustainable Trade Finance Facilities, Letter of Credit (LC), Standby Letter of
Credit (SBLC), Bank Guarantee (BG), Performance Guarantee/Bond (PG/PB), Advance
Payment Guarantee (APG) & Bank Comfort Letter (BCL) for those who do not
have enough Cash Flow to complete their trade transactions, bridging the gap
that plagues current international trade.
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