Ecobank Ghana Leveraged On Tech To Enhance Easy Banking
Managing Director of Ecobank Ghana, Daniel Sackey has disclosed that the bank leveraged on its scale and technology to make banking easier for its clients.
He told the Board and shareholders at this year’s AGM that this enabled their clients to “bank seamlessly with us, using their preferred digital channels.”
“In 2019, we demonstrated our ability to navigate the difficulties associated
with an increasingly complex environment, after a challenging period in the banking sector,” he stressed.
Mr Sackey said Ecobank Ghana drove growth by deepening relationships with its existing clients, whilst attracting new ones.
“We also utilised our growing partnership propositions with key actors in the retail sector to launch our first consumer digital lending scheme called Express Loans. This enabled our customers to borrow from the Bank using their mobile phones. In the seven months of the product launch, we have advanced loans to over one million customers. This is a significant step in our digital drive and our efforts towards providing our clients with convenience and meeting their financing needs within affordable price points. We do this to promote financial inclusion and to positively impact their lives”.
Mr Sackey also stated that during the year under review, Ecobank carried out several upgrades on its digital platforms in response to client feedback.
This includes the enhancement of the Bank’s award-winning Ecobank Mobile, which in addition to an improved “look and feel”, now offers greater security and more features.
The Bank also upgraded its core banking application through the enhanced Omniplus and Omnilite product solutions, thereby providing a versatile and strong suite of digital solutions for business clients.
All these upgrades, he said, have significantly enhanced the Bank’s operations and allowed it to champion its self-onboarding agenda.
He said now, Ecobank provides self-onboarding capabilities to both individuals and businesses. These strategies have contributed immensely to the Bank’s clients benefiting from more affordable, convenient and safer banking services.
He further threw light on the support that the Bank is providing to both clients and the communities within which the Bank operates, particularly during the COVID-19 pandemic.
Some of the measures he touched on included payment holidays and the provision of financial advisory services. Ecobank, under the auspices of the Ecobank Foundation, is also supporting government’s effort in the fight against the pandemic thus, contributing generously to the Ghana Private Sector Fund and other groups in cash and in kind.
He concluded by appreciating shareholders and clients for the confidence they have reposed in the management of the Bank and the employees for their hard work and unwavering dedication to clients.