Sparkle, a retail digital bank founded by Uzoma Dozie, former Managing Director of Diamond Bank Plc, has signed a partnership deal with Open Banking Nigeria.
This partnership will see Sparkle collaborate with other financial service providers in the industry to develop, adopt and promote Application Programming Interface standards for the industry.
Announcing the partnership on Thursday, Dozie noted that the partnership is hinged on his belief that customers should enjoy enhanced service delivery. He said:
“At Sparkle, we recognise the potential of Open Banking to transform banking as we know it today in dimensions that will create greater opportunities and result in a cross-industry boom as well as growth across the value chain, as we all work together to strive for enhanced financial inclusion in Nigeria.
“Already, we are building an ecosystem that allows external developers to collaborate and build new solutions that would benefit all. And so, this partnership is indeed well-timed.”
Dozie also took to his twitter handle during the day, retweeting a post from Tech Economy to notify his followers of the new deal.
Sparkle was founded in 2019 and since then, has provided simple and customised business support, financial and lifestyle services for its clients on mobile platforms.
With this development, Sparkle becomes the latest addition to the financial services industry, as they strive to attain the unified Open Banking Standards, while providing Nigerians with enriched and personalised services.
— Open Banking Nigeria (@openbanking_ng) April 16, 2020
According to the information on its website, it is “a mobile-first, retail-focused platform which connects retailers and consumers in Nigeria using Artificial Intelligence to influence purchasing decisions based on user-generated behavioural data.”