Wema Bank outlines vision for digital banking, green energy initiatives

By Innocent Raphael

Wema Bank’s Retail Cluster Head for the Abeokuta zone, Mr. Abiodun Folorunsho, has highlighted  the bank’s intention to transform the landscape of digital banking solutions and contribute immensely to green energy initiatives.

Speaking at WesternPost Newspaper’s annual retreat on Saturday, Folorunsho underscored the bank’s innovative product, ALAT, Nigeria’s first fully digital bank.

ALAT offers a seamless banking experience with features such as easy account opening, instant loans, and automated savings plans.

This platform allows users to open accounts remotely without visiting a physical branch, making banking more accessible and convenient.

 Instant loans provide customers with quick access to funds, while automated savings plans enable users to save effortlessly, with customizable options to suit individual financial goals.

ALAT’s user-friendly interface and comprehensive features exemplify Wema Bank’s commitment to leveraging technology to enhance customer experience.

Folorunsho also highlighted Wema Bank’s Green Energy Finance Initiative, which promotes renewable energy. This initiative provides financing options for individuals and businesses investing in solar energy and other renewable sources.

By offering these financing options, Wema Bank supports the adoption of clean energy technologies, contributing to environmental sustainability and reducing Nigeria’s carbon footprint.

The Green Energy Finance Initiative reflects Wema Bank’s broader commitment to social responsibility and environmental stewardship.

Wema Bank, founded in 1945, is one of Nigeria’s oldest and most resilient financial institutions. Originally established as Agbonmagbe Bank Limited, it was rebranded as Wema Bank in 1969.

Over the decades, the bank has continuously adapted to the evolving financial landscape, embracing technological advancements and innovative banking practices.

In 2017, Wema Bank launched ALAT, marking a significant milestone as the country’s first fully digital bank. This ground breaking move positioned Wema Bank at the forefront of digital banking in Nigeria, providing customers with a modern and efficient banking experience.

 ALAT’s success has solidified Wema Bank’s reputation as a forward-thinking institution committed to enhancing customer experience through technology.

Today, Wema Bank continues to thrive, offering a wide range of banking services while leading initiatives like the Green Energy Finance Initiative to promote sustainability and environmental responsibility.

Through these efforts, Wema Bank remains dedicated to driving positive change in the banking sector and contributing to the overall development of Nigeria’s economy.