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CR2 expands its footprint across Middle East and Africa

By Delisha Fernandes

November 16, 2023

  • Arab International Bank
  • Business Banking
  • Core Banking

CR2, Arab International Bank, Unity Bank in Nigeria, digital banking, payment solutions, SME, Business banking, core banking, Digital Wallet solution, Fintech news, Fintech AfricaCR2 has announced continued expansion across Middle East and Africa (MEA) with the addition of two new customer signatures – Arab International Bank (AIB) in Egypt and Unity Bank in Nigeria.

CR2 empowers banks to deliver on the potential of digital banking and payment solutions for both consumers and SME/Business banking customers. The platform drives significant customer innovation as it integrates with any core banking platform seamlessly.

Fintan Byrne, CEO of CR2, said, “We are delighted to be chosen by two progressive banks in Africa and the Middle East. The MEA market is exciting at present. Banks continue to respond to increased competition from both within and outside of the banking sector. At CR2, we believe there are excellent opportunities for banks to innovate and take leadership positions in both consumer and business banking markets through innovative digital banking and payment solutions.”

Once implemented, the platform frees banks from expensive and time-intensive changes to their core banking stack. CR2 provides all the building blocks to launch products, services, and enhanced customer experiences from one platform across all channels.

CR2’s innovative digital banking and payments platform is unique in several ways:

  • Breadth of Channels – the platform supports the largest channel selection, from innovative digital wallet solutions to more established USSD, self-service, and internet solutions. This provides banks with strategic channel choice depending on the needs of the customer at any point in their lifecycle, technology choice and helps banks differentiate and optimize at the same time.
  • Native Payment Capability – reduces complexity and number of partners needed in the bank’s ecosystem to deliver innovative services to customers.
  • Local implementation excellence – innovation delivers value through successful implementation. CR2 combines global innovation with local market and regulatory knowledge through years of successful delivery with excellent reference customers.

Kieran Kilcullen, Chief Commercial Officer, CR2 said, “We continue to build on our track record, with successful implementations that deliver real value. Innovation that caters to the market needs is crucial, for example, our Digital Wallet proposition enables banks to deploy without costly changes to core banking systems. It provides a powerful solution that can be scaled, where consumers benefit from reliable, secure, and convenient 24/7 banking and payments. ”

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