ACCESS CORPORATION TO UNLOCK NEW OPPORTUNITIES FOR INTRA – AND INTER-AFRICA TRADE – WIGWE
Access Holdings Plc, trading as Access Corporation (“the Corporation”), has announced its commencement of operations, with an initial portfolio of companies and its future strategy.
People’s Voice Nigeria News reports that the corporation, which builds on Access Bank’s scale and ethical standards, will have portfolio companies with significant complementarities, allowing the ecosystem to walk with customers across their life cycle while delivering value to stakeholders.
Herbert Wigwe, the Group CEO of Access Corporation, speaking on its debut, said: “Many of you would have heard us talk about Access Corporation earlier this year.” This natural evolution of our company will ensure that we continue to use digital tools and our partnership with Fintechs to support our customers’ lifestyles outside of the banking system. We have set our sights on and delivered ambitious plans to transform the African financial services sector over the last 20 years.
Until now, we have concentrated on banking, with the goal of becoming the world’s most respected African bank. Our banking subsidiary is now Nigeria’s largest bank by assets and Africa’s largest in terms of customer base. It is now time for us to take the next transformative step, where we provide our customers with beyond banking services, delivering new interconnected financial services across customers’ needs.
This online news medium learnt that the corporation will comprise verticals cutting across banking, payments, consumer lending, insurance brokerage and asset management.
Access Bank Group will continue to operate in Nigeria and through its subsidiaries and business offices in Africa, Europe, and Asia.
These businesses, when combined, will enable
Access Corporation to provide banking services, including intra- and inter-African trade, consumer lending, payments services, and insurance services to our customers, thereby improving wealth diversification and preservation.
Access Corporation will be a leading financial and ecosystem player in five years, with services ranging from B2B and B2C marketplaces to B2B services, health, housing, digital, mobility, content, mobility, core banking offerings, and other financial services such as insurance and wealth management.
Wigwe concludes, “We recognise and embrace the change that is currently happening and, as we have previously demonstrated, we will lead.” Access Corporation will be a driving force in the ongoing digital revolution to the benefit of our stakeholders.
This transition will allow us to offer more career development opportunities across portfolio companies to our employees, allowing us to attract and retain the best talent in an increasingly global marketplace. We will unlock more value for our customers by focusing on distinct business opportunities with high growth rates globally, such as payments and consumer lending.
