Softcom unmasks products, reaches out to underbanked, unbanked


Story by Bukola Olanrewaju

A technological company, Softcom has unmasked its products to boost financial inclusion among the under banked and unbanked in Nigeria.

These products also help in database management. This was revealed at an event organized by the company in Lagos, last week

According to the Chief Executive and Fulfilment Officer of the firm, Yomi Adedeji,  the company aimed to proffer solutions to payment system, data management and business interactions among business enterprises in a simple and convenient way.

“Softcom has undergone various innovative and capacity building research to develop the infrastructure in order to mitigate challenges facing financially excluded individuals and investors that lack access to data for business growth.

“The new initiatives will provide a value-chain platform that will help to promote financial literacy for the under-banked and the unbanked in support of the Central Bank of Nigeria[CBN]’s financial inclusion programme”, he explained.

Adedeji explained that Eyowo, one of the products, which support the CBN’s financial inclusion, was designed to bring the unbanked and under-banked fully into the financial technology set-up.

According to him, Eyowo is a revolutionary online and offline platform that helps the under-banked and bank users to make financial transactions using a phone number.

“We have designed a solution that caters for the pain points of fragmentation, poor connectivity and slow adoption of smartphones. It is a solution that would improve the financial inclusion of people in Nigeria and around the world.’’

At the event, the firm exposed Tech Brunch, DataBeaver, an integrated data collection platform that provides organisations with the means of capturing different classes of data such as pictures via logic based smart forms in an easy and accurate manner.

Chief Solution Officer, Omosehinde Olabayo assured that the firm is committed to providing simple technology platform that will accelerate and sustain financial business market while offering access to financial services to promote financial inclusion for economic growth.


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