Ouagadougou, 5 March 2018 – The Confédération des Institutions Financières d’Afrique de l’Ouest (CIF), major player in the Sub-Saharan Africa microfinance, confirms its choice for the SAB AT core banking system for its information system. The contract is now signed.
SAB has a new client, the Confederation of Financial Institutions (CIF), a group of 6 microfinance institutions located in various West African countries (Burkina Faso, Senegal, Togo, Benin, Mali). The CIF is the most important microfinance network in WAEMU (West Africa), with more than 4 million clients.
This signature confirms SAB’s ambitions to become one of the leading vendors of banking software on the African continent and to address the growing sector of microfinance.
The project will consist in designing a common solution for the 6 member institutions of CIF, based on SAB AT and the software packages of its partners Digitech, Mapping and Arabsoft, and to deploy it successively by country lots, respecting an ambitious 3 years schedule.
The contract for the supply of the new information system was signed on 5 March 2018, in the presence of CIF and SAB managers.