Leading international banking group with a presence in 59 of the world’s most dynamic markets and serving clients in a further 85, Standard Chartered, has further strengthened its position as Botswana’s leading digital bank and innovator by bagging three prestigious global banking awards in the last quarter of this year.
Building on the accolades of preceding years, Standard Chartered has once again been awarded Best Consumer Digital Bank in Botswana by Global Finance Magazine in the 2021 edition of the awards.
This accolade marks the seventh win in seven years by Standard Chartered from Global Finance Magazine. Winners were chosen based on entries provided by financial institutions and the entrants were judged on breadth of product offerings, success in migrating customers to digital platforms, acquiring and retaining new customers, and use of digital technologies to improve business processes, cutting costs and delivering other benefits.
Standard Chartered was also recognized by The Digital Banker as the Best Digital Bank – Botswana at the Global Retail Banking Innovation Awards 2021.
The Digital Banker also recognized Standard Chartered as the Best Financial Inclusion Initiative in the same Global Retail Banking Innovation Awards 2021.
The highly coveted global recognition has continued through evolution of StanChart’s online and mobile banking platforms to the revolutionary SC Mobile App. Launched in 2019, the SC Mobile App is unrivaled in Botswana as the only digital banking platform that offers end-to-end account opening through a smartphone in just 15 minutes with the client’s debit card delivered to them at an address of their choice within 48 hours without the need to visit a bank branch.
The app offers over 70 banking services, including Cardless Cash, Bank2Wallet, KYC updates, local and international transfers, and debit and credit card management, among others, with more being added at a rapid rate. Clients can apply for new products, including additional accounts, personal loans and credit cards seamlessly at any time of the day on the app.
Commenting on the accolades, the Head of Digital Banking and Partnerships at Standard Chartered Botswana, Oaipetla Fantan, said winning such highly prized awards is hugely satisfying when they consider the investments in time, innovation and learning that continue to shape the bank’s digital disruption strategy.
“We know that we have the best digital platform in Botswana,” he said. “Its strength is in the interaction it has with our clients. They rightfully demand increasingly more from their day-to-day banking needs, and we are proud to rise to that challenge. We still have plenty of innovation to offer and are confident to retain our global awards as we do now