Mozambique will embrace financial digitalization

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With the aim of reducing transaction costs and time, Mozambique will embrace the world of financial digitalization to offer faster and more appropriate online solutions. To this end, Asseco PST, a specialist in the development of banking software, recently entered into a partnership with LOQR, a technology company dedicated to developing digital solutions for financial institutions.

The collaboration, as you can guess, aims to provide a more comprehensive approach to current and future banking customers in various geographies in the Portuguese-speaking world, including the Mozambican market.

In an increasingly digital world, everyone, but especially younger generations, demand faster online solutions. LOQR and Asseco PST propose to support banks and other financial institutions that wish to comply with these new requirements, providing compatible and risk-free solutions.

LOQR's solution integrated into the Asseco ecosystem offers financial institutions the ability to perform multiple operations, including online account openings, customer data updates and remote access recoveries. With this partnership, Asseco PST offers a wider range of digital innovations for banks to connect with their end users.

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Based on this partnership, which, in addition to Mozambique, also covers other Portuguese-speaking markets, such as Angola, Cape Verde and Portugal, where Asseco PST operates, banks and other financial institutions will be able to optimize their operations and increase their efficiency through of more flexible solutions suited to the needs of new customers. This way, it will be possible to reduce costs and increase business volume while improving user experience.

“I truly believe that this partnership with Asseco PST will be of great value to companies and our customers. Together with Asseco PST's advanced technological solutions for the banking sector, LOQR's digital initiatives will be able to reach new markets and customers within the framework of our strategy to empower financial institutions in their digital acceleration process”, says Ricardo Costa, CEO from LOQR.

“Digital transformation is an essential pillar for banks and other financial institutions to ensure a winning strategy focused on customers and attracting new generations, through the provision of cutting-edge solutions. The partnership with LOQR gives us greater speed and capacity for adaptation and constitutes the forging of the right alliance to respond to challenges in an increasingly competitive and digital world”, highlights Daniel Araújo, CEO of Asseco PST.

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