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In this episode of #AliTalksTech, Ali Hussein sits down with Bonface Ombui, CEO of Choice Bank π‘ to unpack one of the most fascinating transformation stories in African fintech π. From its humble beginnings as a diaspora-backed microfinance institution in Rongai ποΈ to its rebirth as a fully digital, tech-native bank π»π¦, Choice Bankβs journey is a case study in resilience, innovation, and bold vision π.
Bonface shares how the bank ripped apart its legacy systems to build Seagull, a custom core banking platform βοΈ powering its Banking-as-a-Service model π, which today drives 90% of new customers π₯ and 60% of deposits π°. We dive into how Choice is tackling regulatory hurdles π, pioneering cross-border payments that settle in minutes β±οΈπ, and building forex π± and lending solutions π³ that compete with global platforms while staying rooted in local realities.
This is more than a banking story, itβs a look into how African fintechs are rewriting the rules βπΎ, shaping the future of financial inclusion π€, and proving that local innovation can rival global giants π.
π§ Tune in to learn how Choice Bank is scaling, partnering, and daring to imagine a new future for digital finance in Africa.
In this episode of #AliTalksTech, Ali Hussein sits down with Bonface Ombui, CEO of Choice Bank π‘ to unpack one of the most fascinating transformation stories in African fintech π. From its humble beginnings as a diaspora-backed microfinance institution in Rongai ποΈ to its rebirth as a fully digital, tech-native bank π»π¦, Choice Bankβs journey is a case study in resilience, innovation, and bold vision π.
Bonface shares how the bank ripped apart its legacy systems to build Seagull, a custom core banking platform βοΈ powering its Banking-as-a-Service model π, which today drives 90% of new customers π₯ and 60% of deposits π°. We dive into how Choice is tackling regulatory hurdles π, pioneering cross-border payments that settle in minutes β±οΈπ, and building forex π± and lending solutions π³ that compete with global platforms while staying rooted in local realities.
This is more than a banking story, itβs a look into how African fintechs are rewriting the rules βπΎ, shaping the future of financial inclusion π€, and proving that local innovation can rival global giants π.
π§ Tune in to learn how Choice Bank is scaling, partnering, and daring to imagine a new future for digital finance in Africa.