StanChart Tanzania CEO flattered by Global Finance recognition

19Sep 2019
The Guardian Reporter
The Guardian
StanChart Tanzania CEO flattered by Global Finance recognition

Global Finance publication’s naming of Standard Chartered Bank Tanzania as the Best Consumer Digital Bank in the domestic market for a second year in a row will only encourage management and employees stay the innovation path.

Standard Chartered Tanzania Limited’s CEO, Sunjay Rughani brandish the Global Finance Award won last year. File photo.

UK based Global Finance publication also said StanChart Tanzania was also recognised for its information security and fraud management systems, under its digital offerings.

The bank’s CEO, Sanjay Rughani reflected on how the award reaffirms Standard Chartered Tanzania Limited’s commitment to its digital agenda and how it is leading the way in developing digital solutions that are aligned with country’s financial inclusion agenda.

“Our Digital Bank on Mobile solution is a demonstration of how the bank continues to be on the cutting edge of strategic technology investments and marries very well with our customer obsession mantra,” Rughani said.

He further stated that digitization means disruption from traditional and conventional ways of banking to transforming banking business with the sole objective of improving clients’ experience.

“It is imperative that we respond to the changing customer needs by providing solutions that address their evolving needs. Clients today are looking for products and partners who will offer solutions that are accessible, convenient, cost effective and, most importantly, forward looking,” Rughani added.

StanChart Tanzania which is part of UK based Standard Chartered Bank Plc has since early this year embarked on digitisation of its banking services gaining recognition for having the top mobile banking application.

The global lender’s subsidiaries have bagged various awards during the year with Standard Chartered Uganda and Standard Chartered Zambia were voted the Most Innovative Digital Banks while Standard Chartered Nigeria and Standard Chartered Cote d’Ivoire both won the Best Mobile Banking, the Best Integrated Consumer Bank Site, and Best Bill Payment and Presentment, respectively. Standard Chartered Botswana won the Best Online Deposit, Credit and Investment Product Offerings awards.

Reacting to the successes being made in the region, Standard Chartered Regional Chief Executive Officer for Africa & Middle East, Sunil Kaushal said, “The awards are a testament that the Bank’s Africa digital transformation strategy is paying off. We are proud of the recent launches of fully retail digital banks in Tanzania, Ivory Coast, Kenya, Ghana, Uganda, Botswana, Zambia, and Zimbabwe. “

“Digitizing Africa remains at the heart of our business strategy for the region and we are glad that we have been voted the Best Consumer Digital bank in most of the countries we’ve implemented or continue to implement our digital transformation agenda,” Kaushal added.

Winning banks were selected based on the strength of strategy for attracting and servicing digital customers, success in getting clients to use digital offerings, growth of digital customers, breadth of product offerings, evidence of tangible benefits gained from digital initiatives, and web/mobile site design and functionality, Global Finance said in its statement. 

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