AWARDS Global Finance Innovators Award 2022 Absa | Corporate and Investment Banking > Insights and Events > Global Finance Innovators 2022 Award SHARE We are proud to have been recognised as the most innovative bank in Africa at the annual Global Finance Innovators Awards 2022 for the second consecutive year. Our Pan-African Cash Management Payments and Billers Product capability, Trade Management Online platform and Real-time Clearing API innovations enable us to achieve this accolade. Our in-depth understanding of the African continent, its regulatory framework, transactional landscape, payment and settlement infrastructure has enabled us to tailor cash management solutions to optimise clients' business operations. Our Transactional Banking Cash Management value propositions are supported by secure and bespoke online and integrated Host and Online Banking Channels. The Billers and Float Management solutions that we offer, provide simple, secure and cost-effective collections and float purchase capabilities, which give clients full control of their receivables and cashflow. Our API technology enables our clients to embed payments directly into their processes. This enables our clients to improve the beneficiary's experience. The payments are fully automated, with no manual intervention of any kind, which keeps costs down and reduces payment processing errors. The real-time credit to the beneficiary builds trust for our clients. Our award-winning Trade Management Online platform is a secure digital innovation that offers our Corporate and Business Banking clients 24/7 access to our comprehensive range of Trade Finance solutions. The contacts people for these products are: Thabo Makoko, Head of Pan Africa Cash Management, Transactional Banking Bohani Hlungwane, Head of Trade and Working Capital, Pan Africa https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles PUBLIC SECTOR Africa’s mineral wealth must fuel its own factories, not the world’s To escape the trap of raw mineral exports, Africa must build a regionally integrated beneficiation and manufacturing ecosystem, powered by the AfCFTA and a new industrial hub-and-spoke model Read more PUBLIC SECTOR The role of Commercial Banks and DFIs in Southern Africa’s Rail Expansion Across southern Africa, thousands of kilometres of Cape gauge railway lines run through bustling cities, between green valleys, and alongside grassy savannahs. A reminder left of rail’s dominance a few decades ago, the picture looks very different today. Read more DEALS Turning wind power to commercial momentum The R4.74 billion financing package for Seriti Green marks a key milestone in the development of the second phase of Ummbila Emoyeni - a 155MW wind project that will deliver clean power to EXSA’s customers. Read more
