Awards for Excellence 2020
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Standard Bank’s investment in switching its trade processes from manual to digital has paid off this year, with faster processes stemming from better technology. It is the best bank for transaction services in Africa as a result. Its head of transactional products and services is Hasan Khan.
The bank has adopted four new technologies to streamline and simplify trade deals. In South Africa, it has introduced a financial distress early warning system, which uses data analytics to determine if a client could go into credit distress over a three- to six-month period.
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