One of Russia’s top providers of digital corporate banking solutions, Sberbank created a comprehensive business banking ecosystem driven by AI and big data.
Anna Loevskaya, Sberbank’s Director of Digital Corporate Banking, discusses the bank’s strategy for rising digital demand, self-service digital UX, and omnichannel integration, and how Russia’s largest bank is fast becoming one of its leading tech innovators.
The global payment landscape is experiencing a revolution with the introduction of real-time banking, the rise of digitalisation and new customer expectations. The new Request to Pay messaging service will transform the payments industry and increase usage of real-time payments, offering greater speed, flexibility and control and enhancing the payee and payer relationship.
As the COVID-19 crisis emerged, CIB Egypt was ready with a comprehensive pandemic strategy to ensure business sustainability and protect the health and safety of its staff, customers, & community. Mr. Hussein Abaza, Chief Executive Officer and Board Member of CIB Egypt, explains how vision, resilience & innovation made it a model for how to live and work safely in the pandemic.
According to a recent McKinsey research report, more than 60 percent of the population of sub-Saharan Africa are smallholder farmers, about 23 percent of sub-Saharan Africa’s GDP comes from agriculture and that Africa could produce two to three times more cereals and grains, which would add 20 percent more cereals and grains to the current worldwide 2.6 billion tons of output. Similar increases could be seen in the production of horticulture crops and livestock.
Digitization is critical to the future of finance and treasury. To realize its full potential, companies should develop a framework and execution plan that incorporates a holistic approach. A good example of a company taking such an approach is Shell, writes Swati Mitra, Global Practice Lead, Digital Client Advisory, Treasury and Trade Solutions, Citi.
Africa’s fast-growing economies, FinTech innovation, and stable trade agreements offer abundant opportunities for CIB Egypt. Hisham Ezz Al-Arab, CIB Egypt’s Chairman & Managing Director, discusses the bank’s strategic expansion into Eastern Africa and strong position as financial partner to customers across the continent.
Digitization didn’t just help banks transform; it pushed them to reimagine the business. With transactions migrating en masse to digital channels in the Covid pandemic, banks should not only speed up their transformation programs but also revisit the scope of their role in customers’ lives. Establishing digital-only proposition would set them up nicely for the digital age, at scale.
From devaluation to revenue recognition, FX volatility creates significant challenges for companies operating in Latin America. With the right technology, companies can mitigate these risks and achieve greater control over their pricing strategies, says Rafael Bufacchi, Director of Finance at PrimeiroPay.