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Stanbic improves security of nbol service

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...