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Student lending start-up Scolaris Finance taps Sopra Banking Software for core platform

Scolaris Finance Partners with Sopra Banking Software for SBP Core Amplitude:

  • Partnership Announcement:
    • Scolaris Finance, a student-focused fintech in Mali and Senegal, has partnered with Sopra Banking Software (SBS).
    • They will use SBS’s SBP Core Amplitude solution, an open core banking platform.
  • Purpose and Benefits:
    • The platform aims to accelerate Scolaris Finance’s education financing initiatives.
    • It will provide flexible, tailored financing solutions to clients in nine markets across Africa and Europe.
  • Impact and Goals:
    • Dr. Simon Aziati, chairman of the Scolaris Finance board, highlights the technology adoption as crucial for expansion.
    • The partnership will support Scolaris’s growth and enhance its information system to better serve families and students.
    • SBS’s technology is expected to improve Scolaris Finance’s efficiency in fulfilling its social mission.
  • Scolaris Finance Overview:
    • Founded in 2022, it offers various student finance savings and lending products, and a study credit simulator.
    • It aims to democratize access to financial credit services for educators and students underserved by traditional finance.
  • SBS Selection Rationale:
    • SBS was chosen for its regional and international experience with similar projects.
    • SBS has recently completed integrations with Newbury Building Society in the UK and KCB Bank Kenya.

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