CASE STUDY
FINASTRA ’ S COMMITMENT TO OUR VISION OF DEVELOPING A PAN- AFRICAN CASH MANAGEMENT SOLUTION CONVINCED US THAT THE FINASTRA TEAM COULD SUPPORT A COMPLEX , AGGRESSIVE MULTI- COUNTRY ROLLOUT .
and services , which has helped us to increase our share of wallet for both prospective and existing customers . We have also enhanced our brand visibility and won a larger ‘ share of mind ’ among our customers through our integrated ‘ one bank , one platform ’ solution across the region .”
Since launching Ecobank Omni , the bank has significantly increased transaction volumes , while also streamlining its missioncritical cash management processes .
Kamuta explained that : “ Thanks to Fusion Cash Management , we have been able to grow our cash management and payments business by 100 % over a four-year period . This growth corresponds with a boost in transaction volumes . For instance , from 2017 to 2018 , we recorded an 86 % increase in transaction volumes with a collective total value of US $ 21 billion .”
Dr Tomisin Fashina , Group CIO and Managing Director , eProcess International SA Ecobank , said : “ Fusion Cash Management fitted perfectly into our digital banking strategy and enabled us to provide a seamless digital experience to our growing customer base as they fulfilled their transactional needs . Our digital strategy , stipulated digitalising ourselves , our customers and our stakeholders . Fusion Cash Management was the catalyst that enabled this for our corporate customers .”
Using the straight-through processing features of the Finastra solution , Ecobank has been able to automate over 20 % of manual funds transfers – making it easy for customers to make rapid , reliable and secure transfers and freeing up employees to focus on revenue-generating tasks .
Olufemi Sojirin , CIO Commercial , Corporate and Investment Banking at Ecobank pointed out that : “ With Fusion Cash Management we have been able to further drive our unique value proposition across 34 countries , by providing a consolidated service for payments , collections , liquidity management , supply chain finance and trade to our customers .”
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