Access Bank unveils App to support SMEs

By Cynthia Alo Access Bank Plc has launched a new artificial intelligence (AI)-powered application, Access SME App, designed to help Small and Medium-sized Enterprises (SMEs) manage their daily business operations from a single application.

Adebisi said despite the sector’s importance, about 50 percent of small businesses fail within their first year of operation, adding that business owners can deploy AI to analyse information and help them make better decisions.

Also speaking during a panel session, Executive Director, Information Technology and Digitisation at Access Holdings Plc, Lanre Bamisebi, said many business owners wrongly believe digital transformation is all about technology.