Student lending start-up Scolaris Finance taps Sopra Banking Software for core platform
Scolaris Finance, a student-focused meso-finance fintech based between Mali and Senegal, has tapped Sopra Banking Software (SBS) for its SBP Core Amplitude solution.
Scolaris Finance partners SBS for SBP Core Amplitude
The open core banking platform is poised to “accelerate the development” of the start-up’s education financing initiatives, which currently extend to nine markets across Africa and Europe, and enable the provision of “flexible, tailored financing solutions” to its clients, according to a statement.
Dr Simon Aziati, chairman of the Scolaris Finance board, cites the adoption of the new technology as “a crucial step to boost our expansion”, however, further details of what this will entail have not been disclosed.
“This partnership has a dual significant impact: on the one hand, it supports Scolaris in its growth, and on the other, it provides a robust information system that fosters its development and supports families and students,” the statement continues.
“By strengthening Scolaris’s capabilities, SBS helps improve the fintech’s efficiency in fulfilling its social mission.”
Founded in 2022, Scolaris Finance operates a range of different student finance savings and lending products alongside a study credit simulator aimed at democratising access to financial credit services for educators and students underserved by traditional means of finance.
It says its selection of SBS was directed by the vendor’s “regional and international experience,” which includes projects with similar scopes. Most notably, SBS has recently completed integrations with Newbury Building Society in the UK and KCB Bank Kenya.
