Pan-African bank, Ecobank, has launched an Internet based cash management application targeted at corporate clients to enable them to make multi financial transactions.
Dubbed, “Ecobank Omni Electronic Banking Platform”, the capital management solution provides reliable, real-time, single access and covers the complete cash cycle.
Speaking at the launch, Mr Albert Essien, Ecobank’s Group Executive Director for Corporate Banking, said Ecobank Omni was developed in response to corporate clients’ demand for such a product.
“Some of our clients whose businesses transcend geographical locations, multi languages and multi currency were approaching us regularly with the problems they were facing in their cross boarder businesses and the countless bottlenecks which slowed down their cash management process,” Mr Essien said.
He said Ecobank Omni was essentially a resource for multinationals, public corporations, international organisations and financial institutions that did business in or with Africa. “Ecobank Omni will help companies maximise their local and regional opportunities,” he noted.
Mr Sam Adjei, Managing Director of Ecobank, Ghana, said Ecobank Omni would complement the ongoing payment enhancement in Ghana and provide a useful tool for enhancing service delivery to customers.
In an address read on his behalf, Dr Kofi Wampah, the Deputy Governor of the Bank of Ghana, urged the management to strengthen security in order to mitigate risks such as theft, money laundering and other risks to safeguard the interest of customers.
Mr Oti Ikomi, the Group Head Corporate Banking Products at Ecobank, said the product offered customers an integrated cash management system that was flexible enough to accommodate varying business practices in Ghana and powerful enough to meet a high volume of transactions.
He said Ecobank Omni transcended geographical reach and the product could be accessed from any personal computer and there was also real time access to information.
Ecobank currently operates in 30 African countries and is listed on the stock exchanges in Lagos, Accra and the West African Economic and Monetary Union
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