Stanbic IBTC Unveils Fintech Subsidiary Zest

Nume Ekeghe

Stanbic IBTC has introduced its fully-owned fintech subsidiary, a comprehensive financial platform designed to connect and serve both businesses and individuals with cutting-edge technology, offering a wide range of financial services across various sectors.

Zest (formerly Stanbic IBTC Financial Services) is slated to enable consumers and businesses to interact seamlessly across multiple payment channels, including card rails, account-based payments, QR codes, USSD, and more, all integrated into a single platform with versatile APIs for modular or comprehensive integration.

Speaking at the unveiling yesterday, Chairman of Stanbic IBTC Holdings Plc, Mr. Basil Omiyi noted that Zest was set up to execute a solution-driven, platform orchestration strategy that will serve consumers, businesses, application developers, and other financial services providers.

He said: “As a group, we operate a closely knit ecosystem made up of subsidiaries that cuts across different aspects of financial services, such as banking, pensions, insurance, assets management, investments amongst others. We are collectively aligned on the role of fintechs as platform enablers to deliver on the next wave of growth, especially in the area of financial services. So, we setup Zest to execute a solution-driven, platform orchestration strategy that is positioned to serve consumers, businesses, application developers, and other financial service providers.”

On his part, the Chief Executive of Stanbic IBTC Holdings Plc, Dr Demola Sogunle, affirmed that Zest as the group fintech subsidiary, would be the epicenter of solutions delivery, new partnerships, and better experiences in the area of payments and customized solutions delivery.

He added: “We have developed multiple options and enhanced features for businesses to operate seamlessly and manage their inventory. We provide a robust dashboard, to enable businesses make key decisions leveraging insights and data that we collate and represent to them on the platform”