Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


MyNews24 is a user-generated section of News24 Nigeria. The stories here come from users.


BankOne empowers 250 Microfinance Banks

14 June 2016, 14:52

One of Africa’s leading Information Technology platforms for Micro finance banks, BankOne, has announced the signing up of its 250th client.

The platform, which was launched by software company, AppZone in 2011, is designed to achieve end-to-end automation of Financial institution operations while exposing core services to end customers through multiple alternative channels nationwide including ATMs, POS terminals, Internet, Mobile phones, Commercial Bank Branches and independent agents.

Mr Adelana Adewusi, Group Head, Business Development for BankOne, in a brief interview to mark this extraordinary achievement said:  “We are very happy about this milestone, we are proud of BankOne and are grateful to our customers. We will continue to deploy this great product of ours until we are represented in every country of the continent and have thereby enabled the much needed transformation in Africa’s budding Microfinance sector."

The company believes that 250 Microfinance banks across the country on its platform further positions the BankOne platform to achieve one of its key goals which is to enable the entire Microfinance industry segment remain competitive, achieve rapid growth, operate profitably, and make significant economic impact.

Built for the African environment, the platform is deployed centrally as a shared service on secure cloud infrastructure to manage operations and enable alternative service delivery channels for small retail Banks and Microfinance institutions. BankOne provides its financial institution customers with a world class core banking solution, and an electronic financial transaction platform in partnership with electronic payment providers. It also provides financial institutions with complete and tailor-made automation of operations at an affordable rate, and minimal requirement for IT infrastructure and expertise.

BankOne also boosts the reach and customer base of target financial institutions by leveraging alternative Banking channels and integration to mainstream payment systems as well as interoperating with other industry players. BankOne utilizes feedback from existing and prospective clients to achieve continuous incremental enhancements, combining   state-of-the-art software development technology, with innovative product concepts to deliver a platform that is tailored to meet the needs of Microfinance and other target financial institutions in Nigeria.

BankOne is a flagship product of AppZone limited; a Nigerian software company that was established in 2008 and has grown to become Africa’s No. 1 provider of home-grown software solutions for the financial services industry. AppZone creates disruptive solutions that expand the scope and competitiveness of institutions in the financial services industry and then delivers these solutions using agile technology and global best practices

AppZone is an Affiliate of South Africa’s foremost IT services group; Telkom, with Telkom holding a minority equity stake in AppZone which was acquired through its wholly owned subsidiary; Business Connexion in June 2014. 

- MyNews24

Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.

Read more from our Users

Nigeria @ 56: Words to my green f...

A leader’s job is not to dictate, but rather to be respected, admired and be a trustee, of the land we love, with so much potential, a land which should be freer than free. Its still a long way to fufilling our destiny! Read more...

Submitted by
Isaac Asabor263
Recession: An opportunity for Nig...

The recession should be seen as an opportunity for the country’s promotion as long as we all collectively conduct ourselves in a patriotic manner, writes Isaac Asabor.  Read more...

Submitted by
Black and White

We want to imitate the whites in everything because we are ignorant of our inherent originality and content. We spend all our Naira to acquire his inventions because we so oblivious of our natural endowments that we allow him have it for free. Read more...

Submitted by
Nate Nat
Adamawa State University Mubi: A ...

ADSU integrity forum has accused the Sunday Joshua Wugira, a lawyer, of adopting unorthodox tactics by abusing his privilege by attacking the integrity of ADSU Vice Chancellor Dr. Moses Zira Zaruwa, writes a News24 reader. Read more...

Submitted by
Abdulsalam Jubril
My Country Nigeria (Part One)

Poetry by Abdulsalam Jubril.

Submitted by
Abdulsalam Jubril
Recession, dearth in leadership a...

Every leader has the opportunity to become great and making himself immortal in the lives and hearts of people for generations to come. Will Mr. President seize this opportunity?, questions Abdulsalam Jubril. Read more...