Sinapi Aba Savings and Loans wins Innovation Hero award


Sinapi Aba Savings and Loans has been awarded the coveted Innovation Hero Award, only the second time since its inception, at the 2023 Client Awards Winners at the Temenos Community Forum (TCF) in Vienna. The event celebrates global pioneers, innovators and visionaries in banking.

This award is in respect of the financial institution’s innovative Digital Financial Product that makes available and accessible a mobile banking platform for underserved groups, mainly female entrepreneurs.

The product offers a convenient, transparent, affordable and secure way of performing banking transactions, while also integrating with audio-visual financial education components rendered in various local languages. The innovative solution now sees an average of 65,000 individual transactions monthly, worth over US$2.3m.

Twenty-nine (29) other nominated highly-rated institutions from around the world competed with Sinapi Aba Savings and Loans for the award

Sinapi Aba Savings and Loans has worked with Temenos for the past twenty-three (23) years, using the latter’s Financial Inclusion platform as its Core-Banking solution.

Lynn Petersen, Product Director-Financial Inclusion and Accelerator at Temenos, intimated that: “Sinapi Aba’s success is our (Temenos) success; we look forward to many more years of collaboration and mutual satisfaction in achieving the goals of Sinapi Aba Savings and Loans”.

The Chief Operations Officer of Sinapi Aba Savings and Loans, Mr. Aaron Rex Opoku-Ahene, noted that this award will add a boost to the unrelenting efforts of Sinapi Aba Savings and Loans’ quest to make holistic financial services available and accessible in various forms to all, especially the underserved.

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