Paris, France – November 20, 2022 – Capital Banking Solutions is pleased to announce the successful deployment of CapitalClearing™ in the BANK OF AFRICA subsidiaries of the WAEMU region.
CapitalClearing™ is a platform that empowers users to effortlessly view, control and process checks, bills, transfers, and debit payments in both outward and inward directions. These actions can be carried out either by the bank itself or by the bank’s customers through our platform for major remitters.
With seamless integration capabilities, CapitalClearing™ can interface with diverse Core Banking systems via APIs or through files (flat, etc.)
Vincent Scaravilli, Director of the organization, extends his appreciation to CBS for the quality of their products and their ongoing support.
He states, “The CBS product significantly enhances the speed of banking operations for both our corporate and individual customers. It is an approach that fits perfectly into the digital revolution that Bank of Africa Group has been sparheading for several years, placing our customers at the heart of our concerns and technological improvements…”.
Bank of Africa Group is a long-standing client of Capital Banking Solutions and has been using the Core Banking System sold by the company – CapitalBanker™ (formerly Orion) – in 16 African subsidiaries.
Capital Banking Solutions’ management and its entire team express their gratitude to BOA for the trust placed in them.
About BANK OF AFRICA Group
BANK OF AFRICA Group (BOA Group) is currently present in 18 countries: 8 in West Africa (Benin, Burkina Faso, Ivory Coast, Ghana, Mali, Niger, Togo, and Senegal), 8 in East Africa and the Indian Ocean region (Burundi, Djibouti, Ethiopia, Kenya, Madagascar, Uganda, Rwanda, Tanzania), in the Democratic Republic of Congo and France.
BANK OF AFRICA Group has been majority-owned by BMCE Bank, the 3rd largest bank in Morocco. BMCE Bank brings strong strategic and operational support to BANK OF AFRICA Group, as well as direct access to international markets in view of its presence in Europe, Asia, and North America.
Established over 35 years ago in Mali, BOA Group currently has a total of about 6,500 employees. In the year ended 31 December 2021, the Group recorded a consolidated balance sheet of EUR 9.4 billion and consolidated net income of EUR 164.5 million, including EUR 105.3 million group share.
About Capital Banking Solutions
Capital Banking Solutions is a leading provider of an end-to-end global banking platform that enables banks to drive change for their business and transform the way they serve their customers. The objective is to allow customers to continuously improve their performance and compete with other players on the market.
The company has over 25 years of banking expertise in bringing innovative, comprehensive solutions which cater to the changing needs of modern financial institutions.
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