Paris, April 22nd, 2021 - Created in 1993, Interbank Burundi (IBB) is the first 100% private Burundian bank in a market dominated by institutions whose capital was once primarily owned by the State of Burundi. IBB is recognized for its in-depth knowledge of customer expectations, its strong local presence, and for having the most extensive distribution network in the country. 

Interbank Burundi has chosen Skaleet’s Core Banking Platform to launch its digital bank, called “IBB M+”. IBB M+ will offer a range of digital banking services for individuals, companies, and institutions. A digital bank is available and accessible 24 hours a day, which helps IBB meet the challenges of financial inclusion in Burundi. 

By choosing Skaleet’s Core Banking Platform, IBB Mobile Plus “IBB M+” will be leveraging a cloud-native solution that allows to imagine, configure, and integrate new products and experiences. The open, flexible, and scalable architecture of this technology will enable IBB M+ to deploy new features in only a few months while still meeting customer expectations. Any Burundian who owns a smartphone or cell phone will be able to access a wide range of financial services such as merchant payments, bill payments, P2P payments, bulk payments, or money transfer services. 

With an internet connection, users will be able to initiate transactions securely from their phone, tablet, or computer or via the IBB M+ app, available on Google Play and the App Store. Also, those without regular internet access or a smartphone will have the ability to execute transactions from their cell phones using SMS text messaging.

IBB Mobile Plus “IBB M+” will be accessible to the broadest possible audience through an extensive network of agents who will provide users with a simple and user-friendly experience. This new digital bank is accessible via its network throughout Burundi and through its Mobile Banking application for individuals and Internet Banking for companies, institutions, individuals, merchants, and agents.  

About Skaleet:

Skaleet is a French fintech that offers an open, flexible, and scalable Core Banking Platform (CBP). The solution enables financial institutions (retail banks, digital banks, payment and e-money institutions, …) better meeting their customers’ expectations with new digital financial offers.

About Interbank Burundi:

Interbank Burundi is a primary player in the Burundian banking system that offers a wide range of products and services with proximity and responsiveness principles to clients as wide-ranging as diverse: institutions, NGOs, companies, national and international, SMEs, professionals, and individuals. Our mission is to provide our clients with tailor-made banking products and financial services, meeting the best international standards and allowing them to carry out their projects under the best conditions.