Tech News

New Simplex modules allow seamless investment managment processes

By Juliet Umeh

As Nigeria progresses in adopting technology in all sectors, Software development firm, Simplex Business Solutions Ltd, said it has introduced two new modules to allow easier way of investment management processes.

The company said the development of the new modules, ‘iOnboarding’ and ‘iFunding’ is another leap forward it has taken in deepening users experience in Fund Management Industry.

Managing Director of the firm, Mr. Femi Adeniyi, said that with the introduction of these two new modules, their clients are further provided with rich, end-to-end functionality required for real-time investment management processes, while helping them to offer superior services to their customers and various stakeholders.

He said: “The iOnboarding Module is designed to automate the entire on-boarding process of customers. In this era of online services, Know Your Customers, KYC management has become absolutely necessary. iOnboarding seamlessly handles the entire process with a smooth user experience. Instant notifications (email/SMS) on transaction are sent to customers at various stages without any human intervention.

“The iFunding module manages retail customers for all interest rate based products (Fixed Deposit, Bonds etc). With this, our clients now seamlessly handle thousands or more transactions per day without any service delay. The business benefits are truly limitless.

Also commenting, Simplex Head of IT, Mr. Mark Adeshina, “These modules alongside all the other Simplex applications are developed in line with international standards and customized to reflect full requirements of regulators and governing bodies. The Solution also gives room for integration with other software via API’s.

“We are excited about the ease of unlimited extendibility of the modules while maintaining utmost security. The Simplex Team is certain that these new modules will truly help Fund Management Firms achieve their most critical business and technology goals and serve their customers in the best way possible
Adeshina added: “Simplex has shown consistent commitment to their clients and their industries they serve for the last 18 years and they have further shown the Nigerian market why they are leader in this industry.”

Ogun residents to enjoy 50% discount on online payment
By Juliet Umeh

The residents of Ogun State will begin to enjoy 50% discount when they do online payment on amenity.
This is as their state government has said that it is offering property owners and residents who are willing to make online payments on amenity charges up to 50 percent discount.

The state government said it has made payment of the Land Use and Amenities Charges very convenient, with its payment online portal or the REMITA platform at government’s stipulated channels or at any commercial bank nationwide.

It said all Ogun State Government demand notices now come with a unique payment code which is all that is required to effect online payment on its portal or at any commercial bank nationwide.
It officials said: “The demand notices also have a QR Code for validation of the bill from the Ogun State Government.”

It also stated that “payments made between now and September, 30, 2020 attracts a 50 percent discount, payments made between October 1st and October 31st 2020 attracts a 25 percent discount, while payments made between November 1 and November 30, 2020 attracts a discount of 10 percent.”

The government also emphasized that the Land Use and Amenities Charge has no accredited agents and only payments made using the bills payment code and on the REMITA platform will enjoy the applicable discounts.

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