10 Jul 2019

 BancABC has focused its operations on harnessing technology to ensure efficiency and enhance access to financial services, the bank chief executive officer, Mr Sanjeev Anand has said.

As a result, BancABC has launched a commercial banking online transactional platform called BancOnline.

Speaking at the launch on July 9, Mr Anand said their objective was to become a leading financial services institution across the continent.

Thus, he said by migrating their customers from the previous online transactional banking platform to BancOnline, they had exemplified how they were actively evaluating the innovativeness of their products and services to empower customers and become the banking partner of choice.

“We are confident that through our banking offering, we will clearly demonstrate that we are positioned to partner with our customers to structure and execute optimal processing efficiencies and deliver world class banking solutions,” Mr Anand said.

The bank managing director, Mr Kgotso Bannalotlhe said as 2019 was the year of transformation for the bank, they had made a concerted effort to invest in further growth of the company as they had made key investments in technology and for the commercial arm of their business.

“The online platform was invented to meet the needs of the bank’s key corporate and SME clients. We firmly believe that our purpose as a bank is to invent and reinvent financial solutions that empower our customers to fulfil their dreams at every stage of their business journey,” he said.

Again, he said that as a young bank, they were committed to developing economies through supporting organisations to propel the economy forward.

“We are hopeful that solutions we have developed, BancOnline being one of them, aid in doing so,” he said. ENDS