Stanbic Bank Botswana plans to launch more products that support the E-market trader and business online platforms as part of their strategy to become a digital leader in Corporate Investment Banking (CIB).
According to the Bank’s acting chief executive (CE), Sam Minta they plan to improve the existing electronic platforms to ensure they have an efficient way of growing their relationship with their customers.
“Our goal is to not only do the basics brilliantly, but also to lead the technology agenda in the market. The world is transcending to a place where the ‘big data’ component of how we drive our plans and how we mine it becomes ever more important,” he said. The CE said deepening relationships and using technology to partner with their clients the way in which they deliver the full experience would be more memorable.
He said that the sector is facing increasing competition from technology companies that span across companies like Fintechs even more recently Blockchain which is being tested across several products.
“This is not likely to stop but more so expected to
He said that the business of banking is centred on trust and integrity and that they would uphold these to the highest standards whilst communicating openly.
Locally the bank is optimistic about the infrastructure, wastewater and clean energy projects that have the potential to create capital spend and a multiplier effect that would really transform the economy and support other thriving sectors.