2020 Impact Innovation Award in Cash Management and Payments: Ecobank

Ecobank is the 2020 recipient of Aite Group’s Impact Innovation Award in Cash Management and Payments for Operational Efficiency.

Boston, November 18, 2020 Although the financial services market has expanded in Africa in recent years, it remains highly fragmented and struggles with significant challenges. As a result, much of the commercial banking market in Africa faces limits even as the broader opportunity for market growth continues to expand. Ecobank’s Omniplus cloud-based cash management and payments platform, launched in 2020, provides cash management and payment capabilities to corporate clients, government and development agencies, small businesses, other banks, financial services providers, and fintech vendors, across an unparalleled 34 African countries, offering a unified and consistent experience and range of functionality while also meeting all local regulatory requirements and market considerations.

Aite Group’s Impact Innovation Awards are designed to recognize and celebrate innovation achieved by financial institutions leveraging technology to surpass the status quo. Award recipients are leading the industry by identifying and implementing new products, capabilities, or levels of automation and effectiveness that are bringing our industry one step closer to next-generation banking.

Clients of Aite Group’s Wholesale Banking & Payments service can download this 10-page Impact Brief. To learn more about the topic covered in this Impact Brief, please contact us at [email protected].

This report mentions Finastra.

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