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RenMoney tasks Nigerian companies to innovate

By Prince Osuagwu

Foremost Nigerian consumer finance company RenMoney, has advised businesses in Nigeria to embrace innovative ways of delivering services, saying it is beneficial and guarantees return on investment.

The company made the assertion at the Dot Finance Africa event held in Nairobi, Kenya where it featured as panellist.

Chief Information Officer of the company, Esomchi Nwofor, speaking to the panel, said that innovations in service delivery were reshaping the world of financial services.

Discussing on the topic “Building Engines of Innovation and its benefits to both organisations and customers” with a group of other company executives from Nigeria, Kenya and Singapore, Nwofor said that innovation is beneficial to the extent that customers are touched one way or the other.

According to him: “The idea is that you do not have to own any on-premise servers or platforms to deliver services to customers as you can rent, subscribe or buy these services from third parties who will ensure you can deliver services to your customers as long as there is internet connectivity”.

Dot Finance Africa event is the largest financial technology event to be staged in Africa, and brings together some of the industry’s greatest minds.

CEO of RenMoney, Graham Lee, expressed pleasure at the company’s participation, saying that “RenMoney’s consumer-focused strategy is enabled by the clever use of appropriate technology.”

Our competitive advantages stem from optimising both our risk management and processes, and for this we use world-leading cloud technologies.”.
RenMoney recently entered into new strategic partnerships with Airtel and Samsung West Africa to provide convenient financing for point-of-sale purchases.


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