TECHURATE Systems, a one-stop digital banking solution provider, has expressed commitment to supporting Africa’s digitisation journey andleveraging on technology to unlock growth for savings and credit co-operative societies (SACCOs) in Zimbabwe.
In a recent statement, Techurate said with over 5 000 SACCOs and co-operative societies being digitised across Zimbabwe, it was at the forefront of driving financial inclusion and facilitating access to credit for underserved communities.
“The digitisation of SACCOs and co-operative societies has led to numerous benefits for commercial banks and the wider financial sector,” the statement read.
“Techurate’s digital ability to streamline operations has leveraged co-operatives to gain access to valuable data and insights that help optimise performance. This improved transparency and risk management help to build trust with commercial banks and other financial institutions, opening up new partnerships and investment opportunities.
“With real-time data and analytics, SACCOs and co-operative societies can now also identify new market segments and revenue streams to boost profits.”
The organisation said the data gained through its effort in the digitisation of SACCOs and co-operative societies had enabled tailored financial products that better meet the needs of members, helping them to grow and commercial banks to tap into new customer bases.
“Ultimately, as SACCOs and co-operative societies become more professional and profitable through technology, the entire financial ecosystem benefits through increased financial inclusion,” it said.
“Techurate remains committed to supporting Africa’s digitisation journey and leveraging on technology to unlock growth and prosperity for SACCOs and co-operative societies and other financial bodies across the country."
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The organisation’s end-to-end digital financial platform, also known as Tigiverse, provides core banking, credit management, business intelligence and reporting to help co-operatives and credit unions operate efficiently and effectively.
It also aims at accelerating financial inclusion in developing economies.
Techurate attended the International Day of Co-operatives Zimbabwe 2023 celebrations in Harare early this month.
The event recognised the role of co-operatives in promoting economic and social development.
The United Arab Emirates-headquartered firm has established points of presence in Africa, Latin America and Asia.
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