Computer Warehouse Group (CWG) Plc has announced the signing of supply deals with three financial institutions for its Automated Teller Machines (ATM) as a service concept (AaaS).
In a statement by the technology platform providers these deals with u
ndisclosed financial institutions are a sign the AaaS concept, which was launched two years ago to increase bank’s focus on core banking operations while allowing technological platform providers drive their ATM business, is gradually gaining traction.
Adeshile Adekanbi, CWG’s product manager, ATM & POS in Nigeria said that, “The gradual acceptance of the ATM as a Service (AaaS) concept is backed up with signed deals between the company and three financial institutions in Nigeria; one of the tier 1 banks, a commercial bank and microfinance bank in the country and the concept is sure to be adopted by even more financial institutions.”
Adekanbi added that CWG has set a model that will in effect support the apex bank’s strategy of closing the gap on financial inclusion by 202. He said: “The value-added services integrated into the AaaS platforms is sure to drive usage and overall satisfaction to all concerned stakeholders”
Adekanbi also reiterated that the company’s AaaS concept will not lead to a possible deviation from the company’s normal support business, adding, “ATM business is the foundation on which the ATM as a Service concept is riding and it does not take away from the other, but gives room for more business opportunities depending on the capacity of its banking clients.
“We have in place separate teams, trained and prepared for these innovative extensions, whilst some of our other skilled and experienced staff across varying competencies in the group are constantly available to provide continued support,” he explained.
