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Payments General

BADF partners with Sopra Banking Software

Friday 5 July 2019 | 12:57 PM CET

New Burkina Faso-based bank BADF has chosen Sopra Banking Software to support its launch.

In order to meet its development plans, Banque Agricole du Faso decided to implement the Sopra Banking Amplitude solution.

Its choice of a robust digital core banking solution should address any issues arising from creating the new institution within a limited timescale. BADF's choice to launch in partnership with Sopra Banking Software is driven by the company's experience with this type of project in the region, as well as its credentials in digital banking project support.

Banque Agricole du Faso (BADF) has been founded with the purpose of helping farmers to access funding. Its primary missions are to promote access to savings schemes in rural areas, and to fund agribusiness. It should be noted that the rural sector covers 80% of the population, and generates close to 30% of Burkina Faso's GDP. Only 15% of farming producers currently have access to bank loans. This figure could increase rapidly with the launch of the new bank.

BADF offers a wide range of products and services to all "promoters of the economy". The bank's ambition is to boost the economy of its core profession, the farming sector, by providing a loan system which is suited to the realities and requirements of this business sector.

More: Link
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