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Stanbic Bank Botswana On Foreign Exchange Digitization


TechInAfrica — Stanbic Bank Botswana recently conducted a Global Markets Breakfast session at Masa Square Hotel, carrying a theme that was dependent on financial technology, especially in foreign exchange digitization in Africa. The event offered critical knowledge exchange and great networking opportunities between clients, investors, operators, and suppliers accessing domestic, as well as regional and international markets.

Richard De Roos, Keynote speaker, Standard Bank Group Head of Foreign Exchange, said, “Digitisation is shaping the present and future of economic activities as it brings about higher productivity, efficiencies and quicker inclusion of lagging economic and social groups. The Digitisation of business services has seen us as Stanbic Bank Botswana and Standard Bank Group, roll out Real-Time banking on a number of platforms, including eMarket Trader and Business Online (BOL). This has allowed our clients to always remain confident in the fact that we deliver heritage and experience, matched with nuanced and innovative solutions that add true meaning and value to their businesses.

The engagement was yet another example of how the Bank continues to live its purpose, Botswana is our home, we drive her growth. Through such initiatives, the Bank hopes to further engage with Batswana and impart valuable knowledge as they reaffirm their responsibility to extend themselves as a financial partner beyond just banking. They do this by adding value, providing exposure, information and their expertise to their clients to foster an environment that facilitates their growth and success,” he added.

As mobile and digital solutions, e-commerce is contributing to facilitate greater financial inclusion. On the other hand, other digital applications are being encouraged to promote entrepreneurship. This includes the empowerment of women as entrepreneurs, and digital solutions to improve access to easier and less expensive learning resources.

Stanbic Bank Botswana Head of Global Markets, Lesego Osman, also commented,” We seek to constantly be on the pulse for our clients, providing expert advice to manage the complexities, regulations, and risks of managing transactions in the Corporate & Investment Banking ecosystem. The foreign exchange becomes that much simpler with our eMarket Trader. This is just one of a number of solutions we have developed in the Corporate & Investment Banking space to add value and meaning for our clients because their story is our story.”



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