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Sinapi Aba Savings And Loans Wins Innovation Hero Award

Temenos announced its 2023 Client Awards Winners at the Temenos Community Forum (TCF) in Vienna, celebrating the global pioneers, innovators, and visionaries in banking. Sinapi Aba Savings and Loans was awarded the covetous Innovation Hero Award, only the second time since its inception.

This award is in respect of the Financial Institution’s innovative Digital Financial Product that makes available and accessible a mobile banking platform for underserved groups, mainly female entrepreneurs. The product offers a convenient, transparent, affordable and secure way of performing banking transactions, while also integrating with audio-visual financial education components rendered in various local languages. The innovative solution now sees an average of 65,000 individual transactions monthly, worth over $2.3m.

Twenty-nine (29) other nominated highly rated institutions around the world competed with Sinapi Aba Savings and Loans for the award, for which the winner was announced at the prestigious event which was held in Vienna – Austria. Sinapi Aba Savings and Loans has worked with Temenos for the past twenty-three (23) years, using the latter’s Financial Inclusion platform as its Core-Banking solution.

Lynn Petersen, Product Director: Financial Inclusion and Accelerator at Temenos, intimated that Sinapi Aba’s success is our (Temenos) success, we look forward to many more years of collaboration and mutual satisfaction in achieving the goals of Sinapi Aba Savings and Loans.

The Chief Operations Officer of Sinapi Aba Savings and Loans, Mr Aaron Rex Opoku-Ahene noted that this award will add a boost to the unrelenting efforts of Sinapi Aba Savings and Loans’ quest to make holistic financial services available and accessible in various forms to all, especially the underserved.


About Sinapi Aba

Sinapi Aba Savings and Loans is a new company born out of Sinapi Aba Trust. It is a Non-Banking Financial Institution licensed under the Non-Bank Financial institutions Act 2008(Act 774), authorized to carry on the business of Savings and Loans on the 28th of March, 2013 in Ghana. All loan and savings activities that were previously managed by the Trust are new under the care of the savings and loans company.