Stanbic Bank has improved the security features of its New Business Online (nbol) to ensure the safety of its clients.
Apart from the regular security requirement to enable clients access the system, the bank has introduce a second authentication mechanism, which is a portable device that produces different security codes at different times.
The Head of Product and Channel Management of Stanbic, Michael Charway, explained that the device enhances the security of the nbol since without the secondary authentication; one cannot access the facility.
He observed that the bank will continue to upgrade the security features of the service to protect its clients.
The New Business Online, which replaced the Customer Access Terminal System (CATS), is a single online channel across the Standard Bank Group that has come to replace existing platforms that served corporate needs.
It provides customers with a single view of their relationship with the group across products and countries. Once in, the customer can access all their information including companies, accounts, balances, transactions, among others from a single interface.
nbol offers corporate customers a single online platform with a single point of entry to perform multiple functions across Africa. These functions include single or bulk payments, collections, account balances and statements updates, reconciliation, message alerts, full cash management, and sophisticated billing, among others.
Customers can log on the New Business Online system from anywhere as it is delivered via the internet. nBol's flexible work process ensures unlimited access to a company's account and can easily be fully integrated into a company's financial value chain.
New Business Online provides a whole range of advantages including unlimited access to accounts every time, full access to account information across countries in Africa and currencies and third parties payments in local and or foreign currencies.
nBol also improves workflow, reduces cost of transactions, and provides timely access to information statements.
The new business on line was introduced about five years ago to provide internet payment and settlement solutions, convenience and flexibility to corporate clients.
Apart from the regular security requirement to enable clients access the system, the bank has introduce a second authentication mechanism, which is a portable device that produces different security codes at different times.
The Head of Product and Channel Management of Stanbic, Michael Charway, explained that the device enhances the security of the nbol since without the secondary authentication; one cannot access the facility.
He observed that the bank will continue to upgrade the security features of the service to protect its clients.
The New Business Online, which replaced the Customer Access Terminal System (CATS), is a single online channel across the Standard Bank Group that has come to replace existing platforms that served corporate needs.
It provides customers with a single view of their relationship with the group across products and countries. Once in, the customer can access all their information including companies, accounts, balances, transactions, among others from a single interface.
nbol offers corporate customers a single online platform with a single point of entry to perform multiple functions across Africa. These functions include single or bulk payments, collections, account balances and statements updates, reconciliation, message alerts, full cash management, and sophisticated billing, among others.
Customers can log on the New Business Online system from anywhere as it is delivered via the internet. nBol's flexible work process ensures unlimited access to a company's account and can easily be fully integrated into a company's financial value chain.
New Business Online provides a whole range of advantages including unlimited access to accounts every time, full access to account information across countries in Africa and currencies and third parties payments in local and or foreign currencies.
nBol also improves workflow, reduces cost of transactions, and provides timely access to information statements.
The new business on line was introduced about five years ago to provide internet payment and settlement solutions, convenience and flexibility to corporate clients.
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