In Africa, companies across sectors and markets have a sharp need for friction payments. The ongoing challenges in transporting goods, managing import courses, distributing products, with certainty, have made effective payments, working capital, and trade financing solutions are a priority.
Companies need speed, flexibility, vision and control of payment flows. In response, the OneHub Business platform from Standard Bank of AI, AI, machine learning, cloud -based computing and APIS programming interfaces (APIS) to integrate payment features into client applications and architecture.
“Benefit from our deep vision and our knowledge about our customers and the sectors and industries in which they work, we spend a lot of time in innovation in allocated payments, working capital, commercial financing solutions,” said Crossby.
Giving customers what they need
The Business OneHub platform provides more Bank Bank. It does not enable access to all the bank’s solutions and the bank’s solutions, but rather provides important advantages that help customers to working and paying capital courses.
“We share with Fintechs and other organizations to provide comprehensive and better solutions in their category,” said Crossby. “We find that this works very well to move forward and competitive.
This approach reflects his point of view that in such a competitive scene, the bank’s strategy must be formed through the customer’s participation and knowledge of the customer, which are the main components of innovation.
Standard Bank is in good position for this, with a fingerprint in many markets throughout the continent. “We understand the risks very well. We understand the logistical services and the various mechanisms of the basic worker capital cycles. We play a strong role in financing,” explained Crossby.
Fast and smooth
Digital innovation has become the key to completing this material presence. For example, Standard Bank has helped provide dedicated payment solutions to the health care industry in Ghana to the ports of authorities in Kenya and through East Africa.
More specifically, the technology structure and systems that the bank uses play an important role in creating rapid, effective, reliable and safe -friction solutions – basics of banking services.
“We take advantage of the cloud because hyperactivity gives us a great computing power in addition to other solutions outside the box. When spreading it appropriately, it is a strategy that reduces operating costs, which only requires the purchase of the cloud capacity.”
Crossby MakhwaziHead of the Department of Banking Transactions at Standard Bank
The modified services have also proven effective in maintaining a dynamic technology structure, so that the bank can quickly innovate and provide the right solutions.
Moreover. This applies either through the prior information of the effective payments on the web or by integrating directly into the client system. “This enables clients to reduce costs and achieve payments close to actual time, to a possible extent within the limits of the applicable regulations.”
New partners, new solutions
Understanding what customers also needs to inform the future digital transformation of Standard Bank within the banking services of transactions, which leads to the innovation cycle.
As a result, there are solutions for telecommunications companies on the horizon, for example. “We are working with telecommunications companies about accessing banking infrastructure to provide payments to allow access to areas that perhaps, like banks, have not reached before,” said Crossby.
Transfers quickly have become a cornerstone of foreign currency flows to many African countries. For the standard bank, this represents a pivotal opportunity by: re -imagining the experience of transfers, Standard Bank aims to enable societies and pay a wider economic insert throughout the continent. “It is not only a matter of enhancing access and expanding distribution, but also about ensuring the availability of unnoticed foreigner’s exchange and reducing the total cost of sending money to the home.” Crossby explained.
Such ambition strengthens the Standard’s wider concentration: being a reliable partner on a continent, where change changed for more than 160 years, as it designed related and prominent products and leaderships in the market, designed specifically for customer growth and success.
