WEMA BANK LAUNCHES “ALART” THE FIRST FULLY DIGITAL BANK

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Nigeria’s oldest indigenous bank WEMA BANK is here again and they have introduced the first digital bank in Nigeria called “ALART”.What makes it interesting is that you don’t need to step into the banking hall with all the necessary document to open an account all what you need is just  your phone number and BVN.

The event was held at the Eko Hotel and Suite, Lagos on Tuesday 2 May 2017,during the launch the Managing Director, Mr. Segun Oloketuyi  said some few words.

According to him “the bank is committed to satisfying its present and prospective customers by offering them an optimal banking experience through innovative digital technology”.

“ALAT is the bank for the future and it redefines the seamless relationship we have with our customers. This is an offering to the young professionals, entrepreneurs and students who are tech savvy and always on the move. It is an opportunity to integrate banking into their lifestyle without hassles, by offering them real value, as they desire.”

 

IMAGES FROM THE LAUNCH

L-R: Dele Adeyinka, Chief Digital Officer, ALAT by Wema; Yinka Asekun, Chairman, Board of Directors, Wema Bank Plc; Segun Oloketuyi, MD/CEO, Wema Bank Plc; and Demola Adebise, Deputy Managing Director, Wema Bank Plc; at the launch of ALAT powered by Wema Bank, held in Lagos, Tuesday.

He also said that “ALAT will be accessed via app and web, which is targeting all existing and prospective customers who are tech-savvy and upwardly mobile and it is an app-only, no-physical-contact bank, which will be available to customers from today”.

“ALAT offers customers many benefits that includes a generous interest on their savings account, seamless and fully automated processes, and dedicated 24/7 support channels. This initiative accentuates Wema Bank as an innovative market leader that listens to its customers and meets their lifestyle and technology needs”.

According to Segun Oloketuyi, ALAT is the solution to the present lifestyle of the customer especially the digital natives who are upwardly mobile as banking is no longer just about transactions but also greatly about lifestyle. “This is why it is essential to enunciate that this is not a digital product or just a mobile app, it is a complete bank.

 

 

 “We have placed the bank in the palm of the customer and it is convenient, safe, reliable and personalised. We are indeed proud to be presenting Nigeria’s first fully digital bank to Nigerians and offering our customers ease in their daily lives with financial services that meet their way of life,” he reiterated.

Segun Oloketuyi said that “Wema Bank cannot deny the fact that it knows what it has launched into the Nigerian market and the bank is a game changer and it will redefine banking and adapt to the unique needs of today’s mobile economy that desires speed, reliability and convenience”.

“It would be of great value to undergraduates, young professionals, young entrepreneurs, and busy executives, enabling them to expand their potentials across the globe. You can carry out all of your transactions and not step into a bank, and this includes requesting, receiving and activating your debit card.”

The ALAT app redefines the banking experience for customers, helping them to manage their finances better and even offering an incentive on its savings platform. It is simple, convenient and reliable. Customers can open their account by downloading the app which is available on Google Play Store (for Android users), Apple’s App Store (for Apple Users) and available on the web for Blackberry and Window’s phone users.

 

 

ALAT offers a simple on boarding process without the hassles of filling forms, huge interest on savings, in-app card services (card request, activation and control) ability to schedule recurring transfers and bill payments as well as seamless profile settings.

 All these made possible by an automated Back-office processes including a 24-hour state-of-the-art Contact Centre, automated Know Your Customer (KYC) process, automated card production and delivery as well as automated Settlement and Reconciliation processes.

 

HOE DOES THE ALAT APP WORK

First of all you have to install the ALAT app on your smartphone or tablet,you can do that by downloading the app from Google play or iOS app store.Once you have done that your phone number, your BVN and your date of birth will be needed to complete the process.

Your BVN is required to protect your account and to save time by automatically fetching the personal information you provided when you registered for a BVN.After that is completed you will receive a six-digit code by text on the phone number connected to your BVN. Type in the code and click ‘Next’ to continue.

To complete your registration, type in your email address, set a new password.Please note that it has to be a strong password,pick a security question and provide an answer you’ll remember easily.After all the formalities has been completed your app is ready to be used.

The next step is to fund your account,funding of your  account can be done via a Wema Bank Current or Savings Account (If you are an existing Wema Bank customer) or via other local or foreign card from any bank.

You can also make payment with the ALAT app,to pay a bill, choose a biller to pay to from the appropriate category then type your customer ID.Next, choose the account to pay from, type your ALAT PIN and click the ‘Pay’ button.If you pay this bill regularly, save the biller and schedule your next payment.

Sending money with the ALAT app is also possible,to send money from your ALAT account, click the ‘Send Money’ button on the ALAT dashboard then click on the ‘New’ button.Type in the account number of the receiver and select their bank from the options provided,you can also save the receiver’s banking information.

Next, choose the account to send money from, type in your ALAT PIN and click the ‘Send’ button.

You can also save money using the app by setting goals.ALAT’s Goals are created by you to help you get the things you want.

Whether you’re setting up a budget, saving for that special item or just looking for a rewarding investment plan, ALAT’s Goals has got you covered. You can create as many Goals as you need. It’s as easy as, setting your target, choosing your saving frequency and watching the magic happen. ALAT handles the rest and makes you some good money in the process by giving 10% annual interest rate.

Pick one of three bank card designs and wema bank will deliver yours to you in two business days, anywhere in Nigeria, at no cost.You can also activate your debit card, lock it, unlock it and choose where it works all from your phone.

Customers can change their PIN, update their personal information and upload documents with their phone camera.

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