Sofri Reshapes Digital Banking through Groundbreaking Software Overhaul

In an exciting leap forward for digital banking, Sofri has announced a complete overhaul of its app, positioning it as a comprehensive and versatile platform for managing finances.

Joyce Jacobs, Head of Product and Partnership at Sofri, expressed her enthusiasm about the innovation of Sofri Kolo, a new savings investment feature designed to help users grow their savings directly within the app. "Sofri Kolo is a testament to our commitment to fostering a holistic approach to personal finance," Jacobs said.

Paul Adebayo, Deputy Managing Director of Sofri, reaffirmed the app's dedication to improving user experience. "Our latest update is designed to simplify and enrich users' financial lives," Adebayo stated.

One of the key features of the updated Sofri app is the ability for users to link debit cards from other banks directly to their Sofri accounts, eliminating the need for multiple apps or complex transfer processes. This streamlined approach aims to make financial management more convenient and efficient.

Security and privacy are at the forefront of Sofri's latest update. Users can now conceal their account balance within the app for confidence and discretion, and for those seeking greater control over their privacy, Sofri introduces a dummy balance feature. This allows users to display a mock account balance, offering an extra layer of security and catering to creative preferences.

The new app features a revamped user interface prioritizing ease of use, and the nano loan process requires a one-time KYC verification and is free from lengthy approval processes or extensive paperwork. Users can access funds instantly through the new nano loan feature, which offers loans ranging from ₦5,000 to ₦100,000.

The upgraded Sofri app is now available for download on the App Store and Google Play, redefining accessibility and offering an effortless and empowering financial experience.

Meanwhile, Deutsche Bank has also introduced an updated version of its digital banking app, delivering a faster and more secure banking experience with a redesigned interface and new features like a consolidated account overview, multi-banking, and integrated payment options such as Google Pay and Apple Pay. With these updates, both Sofri and Deutsche Bank are setting new standards for digital banking, providing users with a seamless, secure, and convenient way to manage their finances.