alt bank Enhances Non-Interest Banking with MIZAN Platform

alt bank has successfully completed its migration to the MIZAN core banking platform, which is specifically designed for Islamic and non-interest financial institutions. This transition aims to enhance operational efficiency, digital integration, and customer service.

Managing Director and Chief Executive Officer Hassan Yusuf stated that the growth of Nigeria's non-interest banking sector necessitates technology tailored to its unique operating model. The new platform eliminates the need for continual adaptation of Islamic banking operations to conventional systems.

Chief Operating Officer Fatai Tella confirmed the migration's completion and emphasized that the bank's focus is on maximizing the platform's capabilities to improve service delivery and customer experience. The MIZAN platform is expected to simplify internal processes, enhance operational efficiency, and accelerate product development, allowing for quicker responses to customer needs.

This migration follows alt bank's recent membership in the International Islamic Financial Market (IIFM), which develops global standards for Islamic finance documentation and market practices.