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Firm Builds Platform For Microfinance Banks

by Samson Elijah
1 hour ago
in News
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Fintellia has launched a banking platform, Udara360, built for microfinance institutions, following a showcase at the just concluded Microfinance @20 Conference in Uyo, Akwa-Ibom.

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During the conference, Fintellia was honoured with an Award of Excellence from the National Association of Microfinance Banks.

Speaking at the conference, Samuel Ukpong, the chief executive officer of Fintellia, said it was time for next-generation banking in Nigeria, powered by a robust technology backbone.

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“Udara360 isn’t just another core banking platform. It’s the evolution of banking infrastructure, built for speed, built for scale, built for Africa, ” he said.

He said what makes Udara360 different is that it is built from the ground up for the realities and ambitions of African financial institutions.

According to him, Udara360 delivers three foundational capabilities that the industry has been asking for: operational excellence, which furnishes institutions with transaction speed, fast support, automated workflows, and high transaction success rates; zero-downtime architecture that supports always-on operations, even during upgrades or periods of heavy demand; and Plug-and-play integration.

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He added that it offers free APIs, allowing institutions to connect channels and third-party applications more quickly and with less complexity.

He said conversations with bank leaders, regulators, and technology partners at Microfinance’s 20th anniversary event were unanimous.

 

“This is what the next decade of banking should be,” he said.

 

He added that the Award of Excellence is a clear signal that the sector is ready to adopt modern infrastructure that accelerates growth, deepens financial inclusion, and enhances the customer experience.

 

“Nigeria’s microfinance ecosystem is scaling rapidly, and institutions are demanding platforms that match their ambitions; from reliable systems and everyday transactions to strong vendor support,” he said.

 

“Banks don’t just need software; they need infrastructure they can trust,” Samuel added.

 

“Udara360 gives forward-thinking institutions the confidence to scale without sacrificing reliability or speed.”

 

 

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