Quick Takes

Renmoney Wins Award

Renmoney, a Nigerian consumer lending company, has emerged the winner of the ‘Award for Excellence in Microfinance Banking.’ The award was presented at the 8th edition of the New Age Banking Summit which held in Lagos.Other winners of the evening were: GTBank, Diamond Bank, First Bank, First City Monument Bank, Union Bank and Wema Bank. Receiving the award, the Head of Commercial at Renmoney, Yetunde Faulkner said: “We’ve been working really hard to build more convenient lending solutions for Nigerians so this award will be a huge morale boost for our team.” Faulkner added: “We launched our online loan application process this year to provide loans in under 24 hours and we are looking forward to launching even better solutions in 2019.” For Anisha Ajimani of the UMS Conference, the organisers of the event, Renmoney was an obvious choice for the award because of the company’s focus on technology and customer experience. She added: “The New Age Banking Awards is aimed at honouring organisations that have consistently demonstrated exemplary performance.“Thiswillnotjustrecognisetheendeavoursofthemost successful financial organisations, but will also set a benchmark, inspiring other organizations to achieve their own goals.” The theme of the two-day event was ‘Staying Relevant in the Changing Financial Landscape of Nigeria.’It was attended by a wide array of industry experts comprising chief information officers of financial institutions in Nigeria, speaking on various developments and challenges in the digital banking and fintech space.