Insight
Capital Banking Solutions and Myriad Connect announce partnership to enhance digital services in Africa

Paris, June 27, 2024 – Capital Banking Solutions and Myriad Connect are excited to announce a strategic partnership aimed at combining their technologies in an open innovation approach to strengthen digital services in Africa.

This partnership enables the integration of the USSD service as a native channel in CapitalBanker MFI, a digital platform that is both scalable and innovative.

Thanks to this integration, microfinance institutions will now be able to offer the USSD service for microcredit applications and tracking, giving also the possibility of inquiring transactions. This new service will provide users with a simple and efficient interface to manage their financial services through their mobile phone, thus enhancing financial inclusion on the African continent.

Already rich in features, CapitalBanker MFI sees its platform further enhanced through this partnership. Adding the USSD will allow financial institutions to offer an even more comprehensive range of services to their clients.

The USSD service (Unstructured Supplementary Service Data) is a mobile communication technology that allows interaction with network operators without requiring an Internet connection. This technology enables real-time information and instructions exchange, providing an accessible and practical solution even in areas with low Internet connectivity.

“This partnership with Myriad Connect strengthens our commitment to innovation and financial inclusion. Integrating the USSD is a key step in offering accessible and practical financial services to a greater number of people in Africa,” said Alain Klat, Head of Sales and Marketing Group at Capital Banking Solutions.

“We are proud to collaborate with Capital Banking Solutions to bring advanced technological solutions tailored to the specific needs of the African market. Together, we facilitate access to financial services for all,” added Ndeye Khady Ndir, Head of Sales and Marketing at Myriad Connect.

About Myriad Connect:

Myriad Connect’s mission is to connect digital and financial ecosystems in Africa by providing integrated, secure platforms and open APIs to support Financial Institutions, Mobile Money Operators, and Fintechs in creating innovative digital financial services. Myriad Connect has a multichannel technological expertise—from USSD to Full Digital—and has held a leading position in USSD technology for over twenty years.

About Capital Banking Solutions

For over 25 years, Capital Banking Solutions has been developing and integrating innovative banking solutions tailored to various international banks. Leveraging our expertise, extensive experience, and ongoing research and development efforts, we offer a broad range of innovative products to address the needs and challenges of the banking market and our 200 banking and financial institution clients.

We are leaders in universal banking, retail banking, corporate banking, private banking, Islamic banking, microfinance, neo-banks, family offices, and asset management and brokerage companies. Our software solutions are open architecture, modular, and available on both cloud and on-premise platforms. With 300 expert employees based in France, Switzerland, Dubai, Lebanon, Ivory Coast, Egypt, Morocco and the USA, we ensure seamless product support, services, and a close relationship with all our clients.

For further information, please contact:

Ndeye Khady Ndir, Head of Sales and Marketing, Email: khady.ndir@myriadgroup.com

Charlotte Yaumarath, Marketing & Communication Group Manger, Email: charlotte.yaumarath@capital-banking.com

Relations Presse Capital Banking Solutions :

marketing@capital-banking.com

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