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ECOBank Gambia launches OMNI banking platform

May 31, 2016, 11:02 AM | Article By: Special Report by Adam Jobe

ECOBank Gambia limited Saturday launched a new platform of banking called “OMNI banking platform”, which enables easy transaction of money from different parts of the world. The event graced by different stakeholders, government officials, NGOs, ECOBank staff and other individual business operators, was held at the Kairaba Beach Hotel.

Speaking at the event, the Managing Director of Ecobank, Mrs Josephine Anan-Ankomah, said Ecobank OMNI is not an experiment, it was tried and tested and is being successfully used in all the 36 countries across Africa where Ecobank is present.

“In 2014, we processed $4.4 billion of transactions on the platform.This increased by over a billion to $5.5billion in 2015,” she said.

She explained that in The Gambia they had signed with over 60 customers between 2014 and 2015, adding that they increased transaction volumes from $3 million to $10 million.

Anan-Ankomah further said: “We are confident that these testimonials will whet your appetite if you are not already signed on, and will increase your resolve to explore other uses of the OMNI if you are already signed on”.

Mrs Anan-Ankomah added that they have the outdoor flagship OMNI platform, and would also honour their esteemed clients who have confidently embraced this revolutionary product.

She further stated that this product is a direct response to the numerous constructive feedbacks received from their customers.At Ecobank, she continued, they had differentiated themselves by offering unique, customer-focused products and services, adding that the Ecobank OMNI is one such well-thought-out product based on an in-depth understanding and anticipation of the needs of their customers.

At Ecobank, she continued, they had differentiated themselves by offering unique, customer-focused products and services, adding that the Ecobank OMNI is one such well-thought-out product based on an in-depth understanding and anticipation of the needs of their customers.

“This is a manifestation of Ecobank’s vision to continually automate, develop and improve on our products and services, while taking full advantage of every opportunity that exists in our markets to grow,” she said.

She further stated that Ecobank OMNI is a secure electronic banking channel providing corporate clients with single access for transaction and reporting needs.

This product offers a comprehensive suite of flexible online Cash Management solutions - all designed to help their corporate clients increase productivity, she added.

"With real-time global account access and customizable setup features, you gain control over your critical financial at every level of your organization," she said, stressing that irrespective of where you are in the world you are able to securely keep track of your payments, receivables and liquidity.

"To the Corporate Treasurer and Finance Manager, Ecobank OMNI will significantly improve your cash management activities, by providing customers with a centralized access to accounts in multiple markets, enabling you to initiate payments and collection transactions right from the comfort of your offices and on a real-time basis," she told the gathering.

She added that if would also allow every possible payment scenario such as bank transfers, interbank and offshore payments, and cheque insurance in local and foreign currencies; and the platform also allows for bulk file upload of salary and supplier payments.

Mrs Anan-Ankomah indicated that they have built in the required security features to ensure that transactions are fully covered and protected.

"User access can be restricted to accounts and functions," stated.

"We are able to replicate your approval limits on this platform basked on your internal signing matrix. The platform also allow multiple payment authorization based on account, amount and payment type," she noted.

Going through the securities, she said, the OMNI security has multiple tiers of firewall to prevent unauthorized access to your servers; role-based security implementation with each user configured to access particular accounts or perform specific tasks as per their designation within the company; secure deployment of Trust Gate device provided by Identity Trust.

This device provides Mutual Authentication, Encryption and Electronic Signature, and protects against all forms of known malware attack.

It was interesting to note that the Identity Trust is the global leader in trusted identity solutions, recognized by global financial institutions, government agencies and corporations around the world.

She also explained that Ecobank OMNI integrates perfectly with all payments channels such as SWIFTnet, Real Time Gross Settlement (RTGS) as well as the Automated Clearing House (ACH), and provides for integration with major accounting and Enterprise Resource Planning (ERP) systems.

Mrs Josephine Anan-Ankomah invited everybody to join the OMNI Club, as it is revolutionary, simple, secure and above all extremely convenient.

At Ecobank, the Pan African Bank, they always puts the customer first, and continually explore opportunities to provide them with world class banking products that make their banking experience with them memorable, the Ecobank MD declared.