Stanbic IBTC launches digital bank, calls it Zest – moneyamebo

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Stanbic Holdings Plc, the parent company of Stanbic IBTC, has launched its fintech subsidiary known as Zest. Stanbic IBTC vowed that it would revolutionalise payment services in Nigeris.

At the launch of Zest in Lagos, the Group Chairman of Stanbic Holdings, Basil Omiyi, disclosed that the bank aspires to become the leading end-to-end financial services provider for businesses and individuals in Nigeria.

Omiyi stated that the foray into fintech was strategic and stressed the need for a solution-driven orchestrator platform that allows partners to create a holistic ecosystem.

Omiyi revealed that there are subsidiaries dedicated to the mission, which include banking, pensions, insurance, and asset management.

According to the Chairman of Stanbic IBTC, Stanbic IBTC has obtained regulatory approvals to establish its fintech subsidiary, stating that Zest operates under IBTC Holdings.

Punch reports that the Managing Director of Stanbic IBTC, Demola Sogunle, said the firm operates with a definitive goal of leveraging global digitization demands to enhance its value proposition.

 

 

 

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