ALAT by Wema - Expanding Digital Banking Horizons with Curacel's Insurance Solutions

ALAT teams with Curacel, redefining Nigeria's digital banking. Through unified services, they deliver a seamless, user-friendly experience, positioning ALAT at the industry's forefront.

The Challenge

ALAT by Wema, Nigeria's first fully digital bank, aimed to extend its product offerings to provide insurance services to its customers. As pioneers in the digital banking sector, ALAT sought to maintain its reputation for innovation and convenience by integrating insurance into its comprehensive suite of services.

The Solution

ALAT decided to partner with Curacel, a leading embedded insurance company, to seamlessly incorporate insurance services into its digital banking platform. This strategic move allowed ALAT to offer car, device, and health insurance to its customers, enhancing their financial well-being. The onboarding and integration process with Curacel were remarkably swift, and collaboration between the teams was a notable highlight.

The Result

Since partnering with Curacel and integrating insurance services, ALAT has experienced a significant positive impact on its business:

Business Expansion: Offering insurance services has allowed ALAT to expand its product portfolio and provide customers with comprehensive financial solutions. Customers no longer need to visit other financial institutions to purchase insurance; they can conveniently access insurance coverage through the ALAT app, alongside their day-to-day banking transactions.

Competitive Advantage: ALAT has gained a competitive edge in the digital banking sector by offering insurance services seamlessly integrated into its platform. This has further solidified ALAT's position as a pioneer and leader in digital banking in Nigeria.

The Benefits

The partnership with Curacel has brought numerous benefits to ALAT:

Enhanced Customer Experience: ALAT can now offer insurance services that align with its mission of making banking more accessible and convenient. Customers can easily access insurance coverage through their mobile phones, simplifying their financial lives.

Business Growth: The integration of insurance services has opened up new revenue streams for ALAT and attracted customers who value the convenience of accessing insurance alongside their banking activities.

In conclusion, the partnership between ALAT by Wema and Curacel has allowed ALAT to enhance its digital banking offerings and maintain its position as a pioneer in the Nigerian digital banking landscape. Through seamless integration with Curacel, ALAT has successfully expanded its product portfolio, offering customers a one-stop-shop for their financial and insurance needs.

Company
ALAT
Industry
Fintech
Location
Lagos, NIgeria
Size

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ALAT by Wema - Expanding Digital Banking Horizons with Curacel's Insurance Solutions
ALAT teams with Curacel, redefining Nigeria's digital banking. Through unified services, they deliver a seamless, user-friendly experience, positioning ALAT at the industry's forefront.
Company
ALAT
Industry
Fintech
Location
Lagos, NIgeria
Size
11-50
https://alat.ng/

Business Expansion: Offering insurance services has allowed ALAT to expand its product portfolio and provide customers with comprehensive financial solutions. Customers no longer need to visit other financial institutions to purchase insurance; they can conveniently access insurance coverage through the ALAT app, alongside their day-to-day banking transactions.

Competitive Advantage: ALAT has gained a competitive edge in the digital banking sector by offering insurance services seamlessly integrated into its platform. This has further solidified ALAT's position as a pioneer and leader in digital banking in Nigeria.

The Benefits

The partnership with Curacel has brought numerous benefits to ALAT:

Enhanced Customer Experience: ALAT can now offer insurance services that align with its mission of making banking more accessible and convenient. Customers can easily access insurance coverage through their mobile phones, simplifying their financial lives.

Business Growth: The integration of insurance services has opened up new revenue streams for ALAT and attracted customers who value the convenience of accessing insurance alongside their banking activities.

In conclusion, the partnership between ALAT by Wema and Curacel has allowed ALAT to enhance its digital banking offerings and maintain its position as a pioneer in the Nigerian digital banking landscape. Through seamless integration with Curacel, ALAT has successfully expanded its product portfolio, offering customers a one-stop-shop for their financial and insurance needs.

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