Banks Middle East & Africa

Global Finance names Ecobank Most Innovative Bank in Africa

Global Finance has named Ecobank as the most innovative bank in Africa. The announcement was made at the eighth Global Finance annual awards, the Innovators 2020, honoring entities that regularly identify new paths and design new tools in finance.

Categories in the award include Top InnovationsĀ in Corporate Finance, Payments, Trade Finance, Cash Management, Islamic Finance, with Winners selected from different regions of the world. TheĀ classes of award comprised Most Innovative Banks inĀ Africa, Asia-Pacific, Central & Eastern Europe, Latin America, Middle East, North America and Western Europe;Ā TheĀ Most Innovative Fintech Companies inĀ Asia-Pacific, Central & Eastern Europe, North America and Western Europe; andĀ TheĀ BestĀ Financial Innovation Labs

At the virtual awards announcement, Anita Hawser, European Editor at Global Finance and Lead, Global Finance Awards evaluation team,Ā noted that companies recognized at the Innovators 2020 significantly stood apart. She said the review panel looked at innovation in the context Ā of product or process innovation, as they were ultimately more concerned with the impact of innovation in terms of creating value for customers or addressing a specific need, like speeding up lending or credit review processĀ  for small businesses; enabling companies to deposit cheques remotely and not having to visit the branches.

According to her,Ā these are innovations that significantly reduce the time or cost of companies to perform financial tasks and really transform customersā€™ business lives helping them operate more effectively in a significantly challenging business and economic environment.

Ade Ayeyemi, Ecobank Group CEO
Ade Ayeyemi, Ecobank Group CEO

In his remark, Ade Ayeyemi, Ecobank Group CEO said: ā€œWe are pleased to be recognised as the ā€œMost Innovative Bank in Africaā€ by Global Finance. This attests to the strength of our brand in multiple countries across Africa, our unique pan-African platform, and our innovative banking products and solutions made possible by the success of our digital transformation journey.

With a larger African footprint than any other bank operating in West, Central, East and Southern Africa, Ecobank is the only bank that has banking operations that spans 33 Ā African countries, operating a truly integrated African network. That is One unified integrated Ecobank Mobile Banking App, that works seamlessly across all 33 operating countries in Africa; One Ecobank Omni and Omni Lite servingĀ  Multinationals and SMEs in Africa; One Rapidtransfer app that breaks down country borders and allows the diaspora community send money directly to their loved ones, instantly and affordably across Africa; One Ecobank Online Banking platform that can be easily accessed across 33 African countries.

The Ecobank Groupā€™s unique and largest pan-African platform is designed to help unlock the opportunities of the continent, for the benefit of the continent, through standardization, thereby enabling regional integration, and trade and investment across borders.

With the Groupā€™s sterling performance, it has been severally recognized as ā€˜Best Retail Bank in Africa 2019ā€™ at African Banker Awards; Most Admired Financial Services Brand in Africa 2019 by Brand Africa 100; Best Digital Bank in Africa ā€“ 2017 by Euromoney Awards; Best Retail Bank and Innovation in Banking both in 2018 by the African Banker Awards amongst others.

About Ecobank Transnational Incorporated (ā€˜ETIā€™ or ā€˜The Groupā€™):
Ecobank Transnational Incorporated (ā€˜ETIā€™) is the parent company of the Ecobank Group (, the leading independent pan-African banking group. The Ecobank Group employs over 15,000 people and serves about 20 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse RĆ©gionale des Valeurs MobiliĆØres in Abidjan.Ā For further information please visitĀ


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