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 BUSINESS ENABLEMENT OKRs can be a powerful tool in your individual career development goals Sir Winston Churchill once remarked: “However beautiful the strategy, you should occasionally look at the results” …. For a bank whose goal is to become the leading banking group on the continent, the sentiment of this resonates with us. Read more RISK MANAGEMENT Rapid Payments: Quicker than Cash An exciting change is shaking up South Africa’s payments landscape, with rapid payments offering a viable digital alternative to cash payments … and providing plenty of room for innovation Read more RISK MANAGEMENT 2022: Reflections on a Year of Crisis Rand weakness, dollar strength, war in Europe and challenges at home and across the globe. How will FX markets remember the year? Read more
