Haggai Mortgage Bank live with Finedge core banking system
Nigeria-based Haggai Mortgage Bank has gone live with new core banking software, Finedge. The system is supplied by local tech company CWG.
Haggai Mortgage Bank commenced its operations in 1994 as a financing company. It subsequently acquired a banking licence and converted into a mortgage bank. The size of the balance sheet grew from NGN 3.5 billion ($9.7 million) in 2009 to over NGN 10.2 billion ($28 million) today.
CWG (which stands for Computer Warehouse Group) provides IT and communication technology services across West, Central and Eastern Africa. CWG also specialises in cloud-based services across a number of verticals, such as financial institutions, government, telcos and utility companies.
The company was founded in the early 1990s. It has recently undergone restructuring and aims “to be Africa’s number one IT platform service provider by 2020”.