UBA Capital Plc has inaugurated a new platform aimed at enabling investors to fund their investment accounts directly, thereby encouraging greater investment in the country.

According to the bank, the platform – INVESTNOW.NG, which was inaugurated at the Nigerian Stock Exchange on Tuesday, is an online trading platform with real-time investment account funding functionality.

The bank explained in a statement on Wednesday that by allowing investors to fund their investment accounts directly and instantly without the need to go through an account officer in the option of a client-company funds lodgment, a major disincentive to investment had been removed.

It added that the platform would also provide a live price feed (intra-day) for listed stocks, enabling investors to make informed decisions based on the latest data.

The Group Chief Executive Officer, UBA Capital, Oluwatoyin Sanni, was quoted as saying at the inauguration, “Since UBA Capital was founded, our mission has been to develop the capital markets in Nigeria in order to give the investing public the confidence to invest actively.

“The INVESTNOW.NG platform combines world- class technology with a robust client data protection and security framework in order to give our clients a seamless experience when processing transactions.

“Our clients will have access to research materials to make informed investment decisions.”

Sanni, who also performed the closing gong ceremony at the Exchange, added, “By making investing in Nigeria quicker and simpler and providing real-time data in order to inform investment choices, the INVESTNOW.NG platform brings us closer to our customers and we anticipate the transaction volumes rising over the coming weeks and months as our customers enjoy the flexibility and ease of building the Nigerian economy with UBA Capital.”

The statement explained that users of the platform would be able to manage their portfolios online through their mobile devices, tablets, laptops and desktop computers.

It added, “24/7 connectivity to the portfolio is complemented by access to UBA Capital’s Online Customer Support via online chat functionality, so investors can talk directly to the customer service team who will manage regular enquiries, whilst more technical issues will be forwarded to account officers for swift resolution.”

Punch