alt bank migrates to non-interest banking platform

From Adanna Nnamani , Abuja
alt bank said it has completed its migration to MIZAN, a core banking platform designed for Islamic and non-interest financial institutions, as part of efforts to improve operational efficiency and customer service.
The bank said the migration would provide a technology foundation better suited to the contractual structures, asset-backed transactions and profit-sharing arrangements that distinguish non-interest banking from conventional banking.
In a statement on Tuesday, the Managing Director and Chief Executive Officer of alt bank, Hassan Yusuf, said the growing non-interest banking sector required technology that reflected its operating principles an...