Stanbic Holdings Plc, the parent company of Stanbic IBTC, has launched its fintech subsidiary The bank released Zest into the market, which it said will change the fintech landscape in Nigeria The bank revealed that it aims to revolutionise payment and online selling in Nigeria
Stanbic IBTC Holdings has released its fintech subsidiary, Zest, to the public to change the payment landscape in Nigeria. At the launch of Zest in Lagos, the Group Chairman of Stanbic Holdings, Basil Omiyi, said the bank aspires to become the leading end-to-end financial services provider for businesses and individuals in Nigeria.
IBTC says it plans to release Zest APIs to the public. He 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 IBTC boss, the company obtained regulatory approvals to establish its fintech subsidiary. Omiyi also revealed Zest operates under IBTC Holdings.
Demola Sogunle, Managing Director, Stanbic IBTC, said the firm operates with a definitive goal of leveraging global digitization demands to enhance its value proposition.
Zest CEO Stanley Jacobs outlined the payment company’s innovative approach, stating that it welcomes diverse payment methods to offer businesses its unique APIs for hassle-free integration. Jacob said that Zest is on a mission to liberalize online selling, eliminate barriers, and simplify the process for businesses to establish their online presence
