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Stanbic IBTC reiterates importance of leveraging technology for smooth, efficient business transactions



Stanbic IBTC reiterates importance of leveraging technology for smooth, efficient business transactions
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Stanbic IBTC Bank Limited, a subsidiary of Stanbic IBTC Holdings has hyped on the importance of leveraging technology for the smooth and efficient business transactions in the country.

This was among the highlights of a webinar hosted by the bank with the theme, “Simplifying Payments for Businesses” and focused on facilitating seamless payment experience for business owners through the enhanced Enterprise Online (EOL) payment platform

The webinar also unveiled EOL 2.0, an upgraded solution created to facilitate smooth payment experience and improve human resources (HR) services for business owners through a partnership with Bento Africa.

During the virtual panel session, Olutimi Ibrahim, Head, Digital and e-commerce, Stanbic IBTC Bank, noted that the vision of Stanbic IBTC Bank lies in leveraging technology and digital innovation to deliver superior financial services to customers.

“We offer efficient solutions for businesses, and these include the enhanced EOL 2.0, designed to meet all business payment needs, offering a seamless and secure online banking experience for corporate entities.”

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Omolara Osunsoko, Head, Partnerships, Stanbic IBTC Bank, in her opening remarks during the webinar, stated that “entrepreneurs are the backbone of our economy, and we acknowledge the vital role they play in driving economic growth and creating employment opportunities.”

She added, “An economy that will flourish must support business owners with knowledge and tools needed to thrive in today’s competitive business landscape, and today’s discourse is aimed at simplifying online banking experience for entrepreneurs.”

Vivian Ekemezie, Growth Executive, Bento Africa, shared her excitement about collaborating with Stanbic IBTC, stating that the partnership will revolutionise the HR system.

“Bento’s expertise in cloud-based solutions and Stanbic IBTC Bank’s industry-leading Enterprise Online payment platform will significantly add business value and streamline operations. This partnership presents an incredible opportunity to drive innovation in HR management and deliver unparalleled convenience to our enterprise clients.”


Modupe Banjoko, Team Lead, Digital and Enablement, Stanbic IBTC Bank, further emphasised the significance of the EOL 2.0 transaction solution and its impact on the business landscape.

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She stated, “Our EOL 2.0 solution is not just an upgrade; it’s a game-changer for businesses of all sizes. It offers a powerful combination of efficiency, security, and convenience, making financial and HR management more straightforward and effective.”

Modupe added that Stanbic IBTC Bank is committed to providing customers with the tools to thrive in today’s dynamic business environment. She highlighted the organisation’s dedication to supporting women by empowering them with the resources to run their businesses.

Aside from the EOL 2.0, she urged women to take advantage of the financial institution’s Blue Blossom proposition, designed to empower Nigerian women.

As the financial landscape continues to evolve, the EOL 2.0 solution represents a critical advancement that empowers businesses with the tools they need to succeed in an ever-changing world.

Stanbic IBTC Bank’s dedication to supporting businesses further underscores its commitment to fostering economic growth and empowerment within the Nigerian business community.