Ecobank has been named as the most innovative bank in Africa by Global Finance at the eight Global Finance Annual Awards.
Speaking at the virtual awards announcement, Anita Hawser, European Editor at Global Finance and Lead, Global Finance Awards evaluation team, said 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.
According to her, these are innovations that significantly reduce the time or cost of companies to perform financial tasks and really transform customers’ business lives helping them operate more effectively in a significantly challenging business and economic environment.
In his remark, Ade Ayeyemi, Ecobank Group CEO, said the award attest to the strength of the brand in multiple countries across Africa with its unique pan-African platform, and innovative banking products and solutions made possible by the success of Ecobank’s digital transformation journey.
With a larger African footprint than any other bank operating in West, Central, East, and Southern Africa, Ecobank is the only bank that has banking operations that spans 33 African countries, operating a truly integrated African network.
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.