Ecobank recognized as the Most Innovative Bank in Africa

Eco Bank situated in Thika town. Liz Muthoni (Nairobi)

Ecobank has been recognized as the most innovative bank in Africa by the Global Finance awards 2020.

The bank was in particular recognized for innovation that significantly reduced the time and cost of the bank to perform financial tasks and ultimately transform customers’ business lives helping them operate more effectively in a significantly challenging business and economic environment.

Speaking at the event held virtually due to the novel Coronavirus pandemic, Anita Hawser, European Editor at Global Finance and Lead, Global Finance Awards evaluation team, appreciated the extent to which companies recognized at the Innovators 2020 significantly stood apart. She noted that the review panel looked at innovation in the context of product or process innovation, as they were ultimately more concerned with the impact of innovation in terms of creating value for customers or addressing a specific need, like speeding up lending or credit review process for small businesses; enabling companies to deposit cheques remotely and not having to visit the branches.

In his remark, Ade Ayeyemi, Ecobank Group CEO said: “We are pleased to be recognized as the “Most Innovative Bank in Africa” by Global Finance. This attests to the strength of our brand in multiple countries across Africa, our unique pan-African platform, and our innovative banking products and solutions made possible by the success of our digital transformation journey.

Ecobank has larger African footprint than any other bank operating in West, Central, East and Southern Africa, and is the only bank that has banking operations that spans 33  African countries, operating a truly integrated African network. That is One unified integrated Ecobank Mobile Banking App, that works seamlessly across all 33 operating countries in Africa; One Ecobank Omni and Omni Lite serving  Multinationals and SMEs in Africa; One Rapidtransfer app that breaks down country borders and allows the diaspora community sends money directly to their loved ones, instantly and affordably across Africa; One Ecobank Online Banking platform that can be easily accessed across 33 African countries.

The Ecobank Group’s unique and largest pan-African platform is designed to help unlock the opportunities of the continent, for the benefit of the continent, through standardization, thereby enabling regional integration, and trade and investment across borders.