Skip to main content

Absa Bank unveils digital account opening

 


With heightened competition within the banking sector, the players in the industry are rolling out new and innovative products and services to either retain their customers or win new ones to their fold.

Absa Bank, for instance, is living up to its promise of bringing the possibilities of its customers to life. With over a century of heritage in Ghana’s banking sector from its erstwhile Barclays brand, the bank continues to find unique ways of entrenching its leadership in the banking and corporate sectors.

In a release issued in Accra, yesterday, it said with effect from January 10, new and existing customers did not need to go to the branch to open an account.

With a click of a button on its website, customers can now open an account without any physical intervention, anywhere, anytime and on any device.

“Customer’s needs are changing globally, fuelled by fast-paced digital services and products. Progressive banks are racing ahead to find innovative and creative ways to meet these needs in a very competitive banking landscape,” it said in the release.

Dynamism

It said in Ghana, the pandemic paved the way for dynamic ways of engaging customers adding that “Suddenly going to the branch became a challenge for some customers; who preferred to stay in the comfort of their homes and conduct transactions.”

The release noted that the new service by Absa drastically simplifies the account opening process and provides huge relief and convenience for, especially new customers of the bank.

The platform will also enable SME customers to submit applications online for processing in a seamless manner.

Innovation

The Director of Retail Banking, Charles Addo, said: “We are always listening and innovating to meet the needs of our new and existing customers. The pandemic taught banks a lot of things.

The age of “branchless” banking is here and our digital account opening platform highlights the extent we are willing to go to make their lives better and more comfortable. A new way of banking is here and we are excited to be an enabler.”

Comments

Popular posts from this blog

MTN Ghana & MTN MoMo CEOs win laurels at Ghana CEO Awards

  The Chief Executive Officer of MTN Ghana, Selorm Adadevoh ,   has been adjudged  CEO of the Year  –  Telecom  at the  2 nd  edition of the  Ghana CEO  Vision  and  Awards   held  in Accra. At the same event, the CEO of Mobile Money Limited (MTN MoMo), Shaibu Haruna was also adjudged CEO of the Year – FinTech Service Provider. Selorm  Adadevoh’s award  is in recognition  of  his   achievements   in the areas of   sustainability, leadership excellence, innovation and others  in the telecoms space  which  has contributed to  job creation to support the  growth of Ghana’s economy. Patrick Afari (r), General Manager, Supply Chain Management and General Services receiving CEO of the Year – Telecom Award on behalf of Selorm Adadevoh Receiving the award on behalf of Selorm, Patrick Afari, General Manager, Supply Chain Management and General Services ,  expressed appreciation to the organizers for the award. He  noted that  th e  award will go a long way to inspire MTN to do more for Ghanaian

EB-ACCION DISBURSES US$15 MILLION

By Fred SARPONG Ecobank-Accion (EB-Accion), a partnership between Ecobank Ghana Limited and Accion International has disbursed amount to the tune of $15 million to over 36,000 borrowers in Micro, Small and Medium Enterprises (MSMEs) sector in the country, since the institution was set up barely six months ago. Frances Adu-Mantey, the Managing Director of EB-Accion disclosed this to Business Week in Accra last week during the official opening of Accion Hub headquarters in Africa. The institution’s current portfolio stands at GH¢4 million. She stated that currently, EB-Accion have over 6100 customers who save with them throughout the four branches of the institution. According to her, in order to improve the services of the institution, Ecobank Share Services center will facilitate the technology aspect of the bank by networking all the branches of EB-Accion. Maria Otero, President and Chief Executive Officer of Accion International said that the center’s staff in Accra will provide supp

Amantin & Kasei Community Bank posts impressive growth, with over GH¢1m profit

 Amantin and Kasei Community Bank, at Amantin in the Bono East Region has posted impressive growth in all the performance indicators during 2022 financial year under review. The bank recorded profit after tax of GH¢1,055,662, representing 35.66% more over the 2021 figure of GH¢778.151. This achievement stemmed out of 49.24% gross income growth from GH¢8,143,526 to GH¢12,153,537. Total deposits of the bank went up by 36.20%, changing from GH¢50,959,848 in 2021 to GH¢69,405,591 in 2022. The bank increased loans and advances by 22.15% from GH¢14,128,017 to GH¢17,257,614. Total assets showed an appreciation of 29.32%, amounting to GH¢77,918,288 as against GH¢60,250,693 in the previous year. On the other hand, the bank posted a marginal increase in short term investments portfolio from GH¢24,439,761 to GH¢26,585,698, indicating 8.78% change. The Chairman of Board of Directors, Amantin and Kasei Community Bank, Dr. John Oduro-Boateng, disclosed this during the 18th annual general meeting of